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Thread: The economic recovery turns 2: Feel better yet?

  1. #131
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    Then you have to ask yourself why expansion isn't going on, because profit margins are great. Look at commodity price volatility, wild swings in monetary policy, threats of new taxes and regulations, etc.
    People are paying down debt, and saving money rather then using it for consumption.

    Investing will not go on long if the goods produced through said investments are not going to be consumed. When people overall are confident in the amount of debt/savings they have, a vigorous expansion will not occur. Investment without consumption is meaningless.
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  2. #132
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    Except the poor typically don't know how to invest, and then there goes all of your growth.
    No they buy things they need which fuels economic growth. You know, like the growth we haven't had because the lower income classes haven't had the money to buy things because most of the money is going to the top.
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by xpiher View Post
    The middle class are. The rich typically do not invest large percentages of their money. They sit on it. And yes, I am assuming that giving the poor more money, after cost have been covered and it is done willingly (not minimum wage laws) would lead to economic expansion.

    Case in point: The "rich" are getting richer right now. Economic expansion is low because demand is not there. If the "poor" suddenly had disposable income, there would be demand. The money would circulate, people would be lifted out of poverty, those people would invest, economy would rebound.



    Its not exactly silly. The board of directors of a company make decisions on behalf of its stock holders/investors. They decide to give the CEO a bonus of whatever amount they deem is worthy to award him and keep him working for that company. In turn, the CEO could (and probably should) take some of that money and give it to his employees.

    I advocate a social shift, one based on morality and the difference principal. Its possible and should be sought after and fought for.

    You mean a trickle up economy rather than the failed trickle down economy we have experimented with for the last 30 years? Its about damn time!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #134
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Catawba View Post
    No they buy things they need which fuels economic growth. You know, like the growth we haven't had because the lower income classes haven't had the money to buy things because most of the money is going to the top.
    We all buy the things we need, otherwise we'd all be dead. The difference is that the poor live beyond their means and the rich do not, and that is not because of income, it is because of personal habits.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  5. #135
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Lord Tammerlain View Post
    People are paying down debt, and saving money rather then using it for consumption.
    People don't save money forever. And again, we are seeing record profits.

    Investing will not go on long if the goods produced through said investments are not going to be consumed. When people overall are confident in the amount of debt/savings they have, a vigorous expansion will not occur. Investment without consumption is meaningless.
    We wouldn't be seeing record profits if there was no consumption.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    We all buy the things we need, otherwise we'd all be dead. The difference is that the poor live beyond their means and the rich do not, and that is not because of income, it is because of personal habits.
    Yeah, the poor sure have it made boy! 1 in 7 Americans were living below the poverty line in this country at the end of the Bush Administration. As more and more of the middle class falls under the poverty line, how does this help the economy? LOL!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  7. #137
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    People don't save money forever. And again, we are seeing record profits.



    We wouldn't be seeing record profits if there was no consumption.
    I never said no consumption, it has just been reduced drastically

    Look at US autosales, new home construction as examples. Autosales are down 20 %, new homes are even lower. That is a lot of consumption not occuring in comparison to the past, alot of people would be employed to meet that consumption demand
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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