Posted on 05/29/2015 11:16:11 PM PDT by 2ndDivisionVet
If there was any time for American consumers to feel good, it would be this moment. Job growth is brisk. Paychecks are finally nudging up. And a surprise drop in gas prices has given the average household an extra $700 a year.
But six years after the end of the Great Recession, Americans are startlingly anxious about their economic prospects. They are sitting on their money in a way that suggests that the consumer psychology may have fundamentally changed, with people less willing to spend than they were during other periods of economic prosperity.
Government data released Friday showed that the economy shrank at a 0.7 percent annual rate between January and March, in part because consumers pulled back on spending. The disappointing numbers interrupted a steady clip of positive economic news that many analysts had used to suggest that the nation was on the verge of liftoff....
(Excerpt) Read more at washingtonpost.com ...
Why does the media hold How to Write About Guns workshop, and out of 17 panelists, have 15 anti-gun speakers, two LEOs and declare it’s a totally balanced and unbiased conference?
I used to ask myself that when they’d do political panelist shows, 4 leftists and 1 (ostensibly) Conservative person and they’d call it “fair and balanced.”
Because when the building collapses even the blind deaf man sitting in the lobby eventually gets hit on the head with a brick.
Or an I-Beam.
Our economy is a mess.
Jobs are being sent overseas, have been for an entire generation, yet nobody is doing a thing.
Look at ANYTHING you buy anymore.
“Made in China”.
Why won’t the Obama butt kissing media admit that Obama screws up everything he does including the economy?
The US economy is contracting, 93 MILLION Americans out of work, $18 TRILLION in debt, Americans are starting fewer business than ever, etc, etc. Is it any wonder?
When I first saw that, I read “lowest average IQ”
[Job growth is brisk. Paychecks are finally nudging up.]
I love propaganda. When do we all get new cars for free?
Lowest of the low.
They were all crushed during “Cash for Clunkers” I’m afraid.
lol Americans???..LIBERALS are....I LUV IT!!...they didn't change the polling data for this 1 question
Another silly idea by the gov’t that didn’t change anything to any significant degree.
I wonder how many people, after trading in their old car, which was probably paid for, wound up not being able to keep up with the payments in this lousy economy?
Sure it did.
It added 3 billion dollars of debt to the Federal Government’s ledger
And it destroyed thousands of cars that still had useful life in them. At a cost to the taxpayer of $24,000 dollars per car. The average rebate to the new car buyer was $4,000.
Drove up the cost of used cars putting private transportation out of the budget of many poorer citizens. The curse of market realities force upon the working poor by the Democrats once again.
If you had said it didn’t change anything of the better I would have agreed totally.
Government programs rarely change anything for the better in the long run.
Exactly
The U.S. is devolving into two classes - the welfare poor and the working poor. Unless you are one of the liberal socialist elites or a 1 percenter, you are getting POORer....face it. I don’t need to tell you which of these segment of the economy is growing either. Look around you.
The middle class ist kaput. Somebody wake up the millennils and tell them they have been screwed by the socialist elites and big government before they blame George Bush, racism, or the baby boomers for the economic failure they will inherit.
To them I say: No middleclass for you. No homes to buy and raise families. No Jones’s to keep up with. You don’t need to work or make more money. Just sit back, pick a hobby, and enjoy the wonderful life big brother has planned for you. And remember even if you build a business, you didn’t.
With the Texas economy starting to feel the pain of lower oil and gas prices and layoffs in the oil patch. And despite rampant socialism and illegal immigration. Texas is working to overcome the Obama economy by encouraging more free market capitalism and individual effort and less government and taxes. That’s why I believe more businesses and skilled people who feel as we do will be coming to Texas as the rest of the U.S. declines. And I hope the middleclass will survive and grow our economy - at least in Texas.
The surprise drop in gas prices means that gas is still double what it was seven years ago.
That’s true as well.
Lift off? This administrations idea of “job creation” is to donate to Goodwill!
Total Insanity!
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