6 in 10 Americans don't have $500 in savings

That model works for a very limited number of people. It simply can't work for everyone.

If no one spends money on your goods or services how will you make more money?

 

Money is just an IOU. You can't eat it. The only value of a dollar is in making it easier to measure exchanges of value you own for value someone else owns.

If you consume more value than you own -- consume less or produce more. If you do not do that, you will be living on the charity or in the debt of someone who does. If you want to change that, either take less from or find out what that person wants and provide more of it.




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After 8 years of the Kenyan American what would one expect?

 

Why we should expect different? Because the irresponsible GWB tax cuts, which have been with us for too long, have not resulted in the median family being better off, instead, the gains went to the top, as designed to appease GWB's base.

Here is the actual savings rate over time:



You note that little savings is not a Obama phenomenon, as many partisans in this thread wrongly proclaim. Instead, the savings rate actually went slightly up under Obama. The concomitant debt deleveraging increased deflationary pressures and kept economic growth low. Nothing that anyone cold have done about it, these were just fundamentals of the debt cycle.

Another unsurprising tendency in this thread is to place the blame on the households who do not save. Basically, some of you are saying that 60% of Americans are irresponsible. Nah, it could never be the fault of the system or failed policies, it is always the individual's fault in conservative's world view.

 

Really? What is it that you were doing 8yrs ago that you aren't doing today?

What did you own or buy 8yrs ago that you don't own or can't buy today?

 

Talk to your buddy Obama who let the banks get trillions upon trillions while the rest got the shaft

 

So being for the working class means higher pay for less work?

Don't you have to be working first?

 

Supply side policy ended in 2007. We have had demand side trickle up 2008 - 2014 with a minor shift back to supply side the last two years. So where did those seven years of trickle up leave us?

 

What was irresponsible about them once implimented tax revenues soared huge amounts of money was invested and the economy took off and everyone was working making lots of money.

I haven't been arguing savings rates.

Its both.

 

8 years ago I was mourning , on the 20th I will be celebrating. Can't wait till someone that has American interests ahead of say the Muslim Brotherhood. Or someone that's not going to sell uranium to russia. Yea, I'm celebrating all right.

 

That didn't answer the question, so instead of answering the question you come up with a whole new set of issues.

How has Pres. Obama put the Muslim Brotherhood's interest ahead of those the United States?

Who were the representatives that signed off on this uranium deal?

Why is the Pres-Elect wanting to be friends with the Russian President?

 

Thanks Obama!

And thanks to abundant Oxy4all.

 

So its Pres. Obama's fault you can't save $500.

 

The NY Times claims everything is peachy

https://www.nytimes.com/2016/09/16/opinion/obamas-trickle-up-economics.html

I don't know. Maybe they're right and conservatives believe more in a fantasy of poor economic performance right now than in a reality of it.

 

By sending billions of dollars in cold hard cash to a known terrorist state in Iran. Remember? Wasn't it Hillary's gang that sold the uranium ? Same thing as Obama, another America hater. P.s. wasn't it barrack Hussain Obama that was caught whispering in Putin's ear when he thought the cameras were off? Thought so !

 

I also remember us sending plenty of weapons to Iraq during the Iran/Iraq War.

She was one of many.

I don't know, was he? Anything to back that up other than your opinion.

Now lets get back to the question at hand.

What is it that you don't have today that you had 8 yrs ago and what is it that you can't do today that you could do 8yrs ago.

I am thinking nothing since you won't answer the questions.

 

The consistency is puking out any argument they can come up with, at any given time, to try and get more free (*)(*)(*)(*) from everybody else. Dispicable moochers.


There is no justification for government removing something from one, and handing it to another.

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I don't have the thousands of dollars in increased premiums and deductibles, plus ACA taxes I paid.
I could be spending that money as I saw fit.

 

So your insurance today is thousands of dollars more than it was 8yrs ago.

 

Yes. You don't think so? More money to workers, means more money flowing around the economy.

 

I'm sure you wouldn't know

 

You can spare me Paul Krugman's opinion pieces, if you think there is something in it which refutes what I posted the cut and paste it.

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We were a minor supplier of arms to Iraq and we gave assistance to Iran too, do you know why we assisted both sides?

But what does that have to do with the economy?

 

I'm taking about the less work, how can you make more money by producing less for your employer?

The best way for more money for workers is more workers working more and producing more then earning more, certainly not by government edict of few hours at higher pay.

And now it seems with Republican control of the government for two years things have been turning around and now with a more receptive President they can get some real work done and maybe get us into a recovery like they did in 2003-2007.

Wouldn't that be lovely?

 

They don't quite get it. They think that giving people money to spend will magically make the things they want to buy appear out of thin air. Then when the price of everything goes up it's counted as economic growth. Increased productivity is the only true economic growth.

 

A business to run.