Quote:
Originally posted by Honeykiss1974
What articles like this don't really say in their headlines is that people are still unemployed and that the rate of job growth still lags WAY behind. People need jobs to pay for those new home (mortage) or car (loan).
I don't understand why some economist, politicians, whomever people expect consumers to spend (i.e. take on more long term debt) our economy back to health. It almost a catch 22 - spend more so companies can produce more (growth), then companies hire more workers, who in turn will go out ans spend their paychecks, etc. This is the cycle in simplistic terms, but you get my drift.
|
No you're assuming there is a set level of "money". If that were true, your economy wouldn't "expand".
Also consumer spending isn't the only thing that drives the economy.
-Rudey
--And I think I'm the only one who can rip apart all those numbers because I'm that smart but eh.