Who would have thought that an economy based on overspending wouldn’t work forever? Who would have thought that a society where the rich get richer, the poor get poorer and the middle class either stays stagnant or gets poorer wouldn’t work?
After the great progressive boon in the early to mid 1900’s the United States took a drastic turn for the worse. The levels of inequality are offensive and the middle class falling is inexcusable. And the only half assed solution that can be provided to stimulate the economy is to expect those overspent and underpaid workers to do the same thing again and again. People are not spending like they used to because they can NOT, they see a bleak future and know to save. Which means they will not go out and spend this stimulus package at a whim.
There is no doubt that this is NOT a turn towards a complete downfall of our economy. We can dance on needles for decades. But things are going to have to change. People are going to have to accept living within their means and wages are going to have to FINALLY go up. Businesses are going to have to start accepting an economy based on selling any random shiny crap by convincing people how much they want it will not last! The rich must be taxed more. The government must also live within its means. This ridiculous military spending and selling itself to foreign powers must stop.
I hear Obama talking about “change” alot. Maybe he has mentioned these simple things and I haven’t heard them. If not, he better start.
Define “the middle class.” I only met a few people say they are not in the middle class. Since most people say they are in the middle class and have very different salaries how do we live within our means and still stay middle class? And how dare you say we need to change our living above our means ways. Change is unAmerican, and if you dont like American then you can just get out!
Why do people keep complaining about the rich getting richer? Complaining about the poor getting poorer shows that you’re concerned. Complaining that the rich are getting richer shows that you’re envious.