You can’t keep layering more and more burden on the consumer. Eventually, somethings gotta give.
Wages have been stagnant for the past six years, but in that time, the consumer has had to absorb the costs of the following policies:
Biofuel Mandate increasing cost of both Gas and Food
Additional required equipment on automobiles
Artificial shortage of used cars caused by Cash for Clunkers
Obamacare
Artificial water shortages in agricultural areas
Rising electric rates from the War on Coal
For people living paycheck to paycheck, these costs wind up on the credit card, because there is no other way to pay for them.
But...but.... but... we keep hearing from the press that the economy’s bouncing back.
Not surprising. When you take a great portion of the middle class and relegate them to low-paying service jobs by shipping manufacturing overseas, this is what you get.
That’s impossible, there is no inflation.
It was the same way under slick willie. They were on food stamps back then if they were below E9 and had a couple of kids. Retired Military have had 2 small COLA raises, same as SS COLAS in 5 yrs, yet the prices at the base commissary now match the local grocery stores. Exchanges are geared to the Brass rank for 90% of products. Who has $65 for a Polo collared T shirt, or $45 for a pair of Docker shorts, or $200 for a Vera $3 china made wallet? Shoes are only very expensive brands. Cost rival any mall. Just no sales tax.
My “non-degreed” pops got a job in his very early 20’s as a State prison gaurd and it allowed him to build a home and have a stay-at-home wife with 2 kids.
That same job today pays $18,000 a year.
And many of the applicants have bachelor degrees.
These people getting out of college now were all told that if they did not go to college they would be stupid and broke.
Then everyone from their own parents to the high school guidance counselor told these 17 year olds to “take, take, take” and just worry about it later.
Most of the Juniors in college can’t tell you how much they owe. No joke. The college counselors work to make sure they don’t really advertise it. Then you graduate and they, literally, hand you a bill.
It’s a big moment in growing up.
Then they get out, already in debt, and find out that the Obama economy is solely creating food-service jobs. And, oh hey - everything is about 300% higher in cost than when I left college.
Keep that cap and gown. You’ll need it to keep warm in the streets.
But obama declared all cars to be more effecient and coal fired plants closed. Problam solved.
The Economic Depression is going on its 6th year. When will it end? I don’t know. All I know is Obama is doing everything to make it worse and last longer.
There...fixed it.