How's that 787 Billion dollar Stimulus working for Ya America?

Creating Orwellian Worldview ^ | 9/4/09 | alaphiah

[Alaphiah123]

Here’s a conundrum for ya, America needs consumers to spend in order to support this consumer based economy everyone knows that right? Also people need jobs in order to earn money to spend which in turn supports this consumer driven economy. Ironically American jobs are what is needed to stimulate this consumer based economy. (see related story)

Now that idea must be a surprise to someone in American because for decades corporations (that went international) outsourced American jobs to foreign countries because the American worker was too costly to their bottom lines.

Understand, the American worker was just not allowing corporations to make the profits that a third world low wage non-union worker in a nation with no standard of living would allow.

Now understand this, consumer spending accounts for 70% of Gross Domestic Product growth ...

[ClearCase_guy]

The United States lost a total of 605,000 jobs in the first eight months of 2008, including 84,000 in August 2008. Unemployment was at 6.1%.

Then they started "stimulating" the economy.

[NMEwithin]

But we saved or created [insert any bulls!t number] jobs!!

[Alaphiah123]

Yes all is going according to plan...

[Alaphiah123]

Don’t we need a new Czar and department to determine that?

[Logical me]

Yup, real swell. One of my daughters is now a Temp 40 hour employee and has three part time jobs which she is able to fluctuate a few hours in between the three. Oh Joy, the Temp job is 1/2 the pay of the full time she was laid off from and the three part timers are the now wonderful minimum wage crap. Looks like her home is the first to go or starve. Her teen age daughter now thinks King Obama is a total nitwit.

[fishingking]

My wife got laid off. Fortunately, we only have one kid left at home and one in the Navy and one in Vo-tech. Plus our debt load is low and we have good savings.

I feel bad for those who are laid off with young families and high debt

[Will88]

America became an affluent nation because she developed an economy that eventually produced a large middle class with significant buying power. That created the world’s largest and richest consumer market

For years, some have been saying that so-called free trade polices were diminishing that middle class buying power. Free traders and globalists always dispute that, but I expect the true answer will become apparent in the next decade or two unless current trends change.

[Alaphiah123]

You said:
“America became an affluent nation because she developed an economy that eventually produced a large middle class with significant buying power. That created the world’s largest and richest consumer market”

I agree unfortunately for us in America larger consumer markets are in the sights of former American corporations.
They lick their chops when the visualize a China middle class consuming maybe over 3 times as much the former American middle class.

That’s the future.

[Will88]

That’s the future.

And it's a long, long way off. The China economic growth is a reality for little more than 10% of their population. I think the transnationals will discover that they made their move several decades too soon. They take the US market for granted, and seek growth and expansion overseas. That strategy might well backfire on them as the US market weakens.