economists…they still promote less regulation, less taxes, and economic utopia will flourish. must be nice, when they have tenure, hefty speaking and consulting fees, and loaded benefits and pensions.
Yeah, well we can trade Obamanomics for Romnynomics if we so choose. Won’t matter much except to the 1%. But then the 1% is all that matters to Mitt. We can even put Mitch McConnell in charge in the Senate. At least Wall St. (and Donald Trump) will be happy, for awhile.
As someone who actually has an MBA?[]Saving isn’t a bad thing per se.[]Rather, it’s how a person saves what they have.[]If you stick it in a bank account, the money is still at work: the bank keeps a minimum percentage on-hand, and then uses the rest to make loans to people.[]If you stuff it in the mattress, then it does nobody any good. []A lot of people don’t seem to understand the distinction.
If people want to help the recovery need to look for stuff made in the USA. Anything else only helps china and walmart. And the only jobs they create are clerk postion which will only last till you spend the last of you money and china has it all
Children and grandchildren will be burdened with debt under Romney. Romney’s magic unnamed loophole closures to turn a new 5 trillion dollar hole in the deficit into a surplus are purely imaginary. Just like Bush’s tax cut (weighted to the rich), where is the deficit reduction, middle class jobs and prosperity? Clinton delivered middle class prosperity at a 39% top tax rate. I’d welcome it back and wish that I was in that bracket paying my fair share.
Greed and selfishness will officially be a virtue, and screw everybody except ourselves . . . believing in giving and sharing. But we can read the handwriting on the wall"I sadly agree. It’s every man for himself.As a tax-payer, for instance, I want to know why my tax dollars continue to pay for Howgozit spending whole days doing nothing but posting on comics forums . . .
Murphy224 over 11 years ago
“Excessive saving”? Me thinks his pockets are empty. Kinda hard to spend recklessly when 23 million are unemployed.
walruscarver2000 over 11 years ago
Will Rogers on economists: “If you laid those guys end to end they’d point in all directions.”
vwdualnomand over 11 years ago
economists…they still promote less regulation, less taxes, and economic utopia will flourish. must be nice, when they have tenure, hefty speaking and consulting fees, and loaded benefits and pensions.
William Bednar Premium Member over 11 years ago
Yeah, well we can trade Obamanomics for Romnynomics if we so choose. Won’t matter much except to the 1%. But then the 1% is all that matters to Mitt. We can even put Mitch McConnell in charge in the Senate. At least Wall St. (and Donald Trump) will be happy, for awhile.
Ironhold over 11 years ago
As someone who actually has an MBA?[]Saving isn’t a bad thing per se.[]Rather, it’s how a person saves what they have.[]If you stick it in a bank account, the money is still at work: the bank keeps a minimum percentage on-hand, and then uses the rest to make loans to people.[]If you stuff it in the mattress, then it does nobody any good. []A lot of people don’t seem to understand the distinction.
Chillbilly over 11 years ago
I think Toles’ point is that economists aren’t really helping and that the middle class is in a damned if you do damned if you don’t situation.
Rickapolis over 11 years ago
And the greed of teachers is drowning us in debt.
rini1946 over 11 years ago
must be government workers.
rini1946 over 11 years ago
If people want to help the recovery need to look for stuff made in the USA. Anything else only helps china and walmart. And the only jobs they create are clerk postion which will only last till you spend the last of you money and china has it all
Justice22 over 11 years ago
You have to think about all of those filibusters in the Senate that stopped any initiative to actually reduce the deficit.
lafayetteann over 11 years ago
Children and grandchildren will be burdened with debt under Romney. Romney’s magic unnamed loophole closures to turn a new 5 trillion dollar hole in the deficit into a surplus are purely imaginary. Just like Bush’s tax cut (weighted to the rich), where is the deficit reduction, middle class jobs and prosperity? Clinton delivered middle class prosperity at a 39% top tax rate. I’d welcome it back and wish that I was in that bracket paying my fair share.
corzak over 11 years ago
Greed and selfishness will officially be a virtue, and screw everybody except ourselves . . . believing in giving and sharing. But we can read the handwriting on the wall"I sadly agree. It’s every man for himself.As a tax-payer, for instance, I want to know why my tax dollars continue to pay for Howgozit spending whole days doing nothing but posting on comics forums . . .