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Current Events » in reply to Re: Can't you see your premise?

Re: Can't you see your premise?

Gee Tom, might I suggest a macro-econ course.

The US economy is based 70% on consumer spending.

Today we have the smallest number of people employed in the private sector since the Clinton administration.

Alan Greenspan has tripled the monetary base since Bush took office. Unfortunately this has failed to stimulate the economy to the point that jobs are created.

Without an adequate consumer base there is no US economy. Continued high level of unemployment has the potential of generating a world-wide economic problem.

The rich are NOT the driving force in this economy--the Wal-Mart shopper is.

The equation has a simple calculus, more jobs=more spending=higher profits=more plant modernization=higher production=a growing economy.

Doing away with the present tax on dividends may help me, but it certainly does not help the economy. And by the way, it will destroy the 401k plans that are very important to the stock market.

Publius

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