Gimme 50, Ben! million , that is. I can take it.
“Meanwhile, inflation, at around 1 percent, isn’t high enough to encourage consumers to spend money.”
Well just raise inflation, duh!
Inflation. The dial to private spending levels. Who knew. Some one call this in.
</end sarcasm>
Consumers spend on themselves. A house for ME. A car for ME. An ipod for... ME. Consumers do not spend for State economic health.
Congress should be spending for us. An army for us. Highways for us. Ipods for .... us. Congress should not be spending for State economic health. (or votes)
End the Keynesian experiment.
The economic corpse has been zapped so many times that it is smoldering. Seriously, why would anybody risk their capital to start a business in such a hostile environment? Excessive taxation, endless regulations, environmentalism, unionism, legal liabilities, healthcare, dumbed-down workforce, etc. It is a miracle that any business still exists. Until there is a revolutionary change to the conditions I mentioned above, there will be no genuine improvement to the economy.