Quote:
Originally Posted by whell
That's because there's not been much real, sustainable economic improvement. This month's data is just another example. The US banks are still too tight, businesses are still too uncertain and not making significant investments, and unemployment is still too high.
Add to that what appears to be a building economic slow down in China and buckling European financial markets, and you've got what some refer to as "echos of 2008" on the horizon, with Eurozone countries considering their own version of TARP:
http://www.cnbc.com/id/47639849 |
And, there won't be either. Until we start putting money back in the pockets of consumers. And, who are "the consumers", Mike? Being unemployed is no help, being under-employed (compensated) is not much better.
Here, I'll tell ya what. Why don't we address this issue by encouraging business to get even leaner and meaner....lay off more people....give their boss a tax cut and then encourage him to rehire at lower wages let him crack the whip all he wants....And if the little people give him any shit...."Hey, screw'em, just take the work elsewhere, I don't blame ya. Maybe Brazil, Uraguay or wherever.....Who cares? F**k the American worker, they're just machinery anyways, you can get a better deal elsewhere............."
Yeah, that'll make for a wonderful, prosperous and peaceful future.
What do you do when you've given them everything.....tax cuts, bailouts, deregulation, union free environments...and it STILL isn't enough?
That's what I want to know.
Although, I hope I don't live long enough to find out. 'Cuz I have a strong suspicion it's going to suck pretty bad for most people.
