The economic good times are back for the credit card issuers – that much is for sure – but I don’t know about the consumers making up the 99%!

AND, HELLO!!! IT’S 8 FUCKING YEARS LATER AND WE ARE STILL A CONSUMPTION DRIVEN ECONOMY?!?! BEING LED THROUGH THE NOSE BY THE FINANCE INDUSTRY?!?!? AND ALL WE HAVE TO LOOK FORWARD TO IS THE TPP?!?!? IT’S AN OBAMANATION!

And then there is this gem from Matt Taibbi:

“America’s industrial economy – one in which companies compete not on price and quality but in political influence, and ear profits not be attracting customers with good service, but by using the power of the state to protect markets and force customers into the fold.”

(Yea, Mr. Taibbi is talking about, amongst one hell of a lot of other examples, “Obamacare”)

Comments

hollygolightly's picture
hollygolightly 4 years 3 weeks ago
#1

And who again was it telling you all this was going to happen? Worse than Carter? You got that right.

telliottmbamsc's picture
telliottmbamsc 4 years 3 weeks ago
#2

And let's not let the Washington Corporate media machine yammer economic sunshine up our asses.

Overall Total Holiday Retails Sales DECREASED but the media only reported on the sub groups within that declining overall total that happened to increase - that being Credit Cards sales, and On-line sales (invariably done mostly with a credit card). The fact that consumers showed activity in furniture is more a reflection of deep discounts within the furniture industry brought about by a bad housing market. So, a slow agonizing economic death in the country's furniture sales industry has a "silver lining" (?) in the form of cheap and easy credit being offered to anybody wanting to replace an old piece of furniture.

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