Skip to comments.AP survey: US income gap is holding back economy
Posted on 12/18/2013 2:20:18 AM PST by Olog-hai
The growing gap between the richest Americans and everyone else isnt bad just for individuals.
Its hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate thats intensified as middle-class pay has stagnated while wealthier households have thrived.
A key source of the economists concern: Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising.
(Excerpt) Read more at bigstory.ap.org ...
These would be communist economists that worship keynes.
I wonder if the shrinking job market for the middle class and increasing tax and fees burdening the middle class have anything to do with buying power.
I am astounded at the convoluted thinking of these economists. I’m wondering just exactly where these cretins work. Is some actual company that produces goods and services paying them. Or, are they academics who just teach what they can’t understand.
Approving Keystone would provide unemployed workers with good jobs. It would reduce income inequality. But Obama won’t approve it for ideological reasons.
Some people make more than do other people. The economy is bad. The two data are not related in any sort of cause-effect configuration.If the incomes were to be equalized by some government action the economy would decline to bare subsistence for all.
They work essentially for the government and are paid to espouse concepts that indicate government benevolence, wisdom, and skill along with the inherent stupidity and mindless greed of those not in the upper reaches of the government.
This is sheer Obama propoganda. These “economists” (leftist central planners) see Obama’s policies have not worked, (stimulus, etc.) so they attribute cause to his own effect. Proof they are Obamabots? Later in the article:
Among the economists’ other views:
The Obama administration’s health care law will make little or no difference to the job market.
Global warming scientists moonlighting as economists?
And do Economist know it is Democrat policies that have increased the “gap between the richest Americans and everyone else” the most?
It’s like Nancy Pelosi saying that welfare is good for the economy. Government giving money to leeches is good for the economy....
Why does Obama have to approve it? Just go ahead and build it and let Odumbo try to stop them.
“Is some actual company that produces goods and services paying them”
If a private company is employing an economist he’s working in Shipping/Receiving. Only universities and governments employee economists. There might be one working in a “think tank” but if so, he’s fetching coffee.
Now, that's funny! :)
“-The Obama (mis)administation’s health care law will make little or no difference to the job market.”
It will devastate 1/6 of our economy. Thousands will suffer. Millions will die prematurely.
Funeral directors are smiling all over America.
Wonder how many of these so-called experts included the fact that inflation hurts the wealthy less than the non-wealthy? And we all know who has the sole key to causing inflation.
The gap is between what our GDP would be under a free market system and what it is under the current fascism.
The stupid just in the posted excerpt is off the scale.