@#$^% gnomes...
Posted on 12/18/2013 2:20:18 AM PST by Olog-hai
The growing gap between the richest Americans and everyone else isn’t bad just for individuals.
It’s hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that’s intensified as middle-class pay has stagnated while wealthier households have thrived.
A key source of the economists’ concern: Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising. …
(Excerpt) Read more at bigstory.ap.org ...
Those “economists” you speak of are educated but ignorant of reality. One of my degrees is in economics. It is all about theory, but reality is the wild card in actual economics. The economists who are opining here have no experience in reality. They live in an alternate universe.
Do economists grow or create jobs? I don’t think so.
What’s hurting the economy is the massive unemployment. Do they want to address that?
There, fixed it.
Exactly. In a healthy free market economy the wealth gap is not as great as it is now. The wealth gap was also large during the depression.
@#$^% gnomes...
I suspect that companies are doing well, as are their shareholders, because they are holding back on any hiring and expansion. Obamacare is likely one of the biggest reasons, along with uncertainty about what this marxist will do next.
Thus, the doings of one fool in the White House prospers larger businesses and hurts the middle class at the same time.
It’s not a “if” proposition. I have forty years of working experience for Fortune 100 insurance companies. Insurance company economists predict market trends, advise actuaries, do research for the various investment operations and most assuredly are not communists.
The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s 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 that’s intensified as middle-class pay has stagnated while wealthier households have thrived.Hang Soros and repeal Obamacare -- problems solved. Thanks Olog-hai.
“They live in an alternate universe.”
Yes, the alternate universe in which ‘wealth’ just ‘exists’, to be distributed. The alternate universe in which people will make the same efforts to be successful, no matter if they get to benefit from those efforts or not.
Unfortunately, that alternate universe actually does exist, and the connections between that universe and ours are found at universities and in government buildings.
What does that tell you?
The only people making money in this economy are the ones feeding off the public Treasury or are Insiders or politically connected to Insiders.
This is not free enterprise or free market.
“The growing gap between the richest Americans and everyone else isn’t bad just for individuals.”.....
Does the writer think that when we are all in the “poverty” class, the economy will rebound? I think not!
Isn’t it amazing that Obama gives just one speech on “income gap” and the AP suddenly finds a new field of research for its vast array of crack reporters to study. (Or is it now a half vast array of.....”.)
Obama Wins! Obama Wins! Whitey dies and his peeps get paid!
America is being sold out by both parties.
We need American jobs. Real jobs. Factories. We need to make things, export things, and look out for our very own nation for a change.
Stop buying everything from China.
We are 17 trillion dollars in debt, and that is rapidly increasing. It is beginning to effect everything.
Stop importing everything.
Yep.
So if we are all making the “same”, wouldn’t that just flat line the economy since no one can buy more than anyone else?
The reasons for the economy being held back are:
Corporate and individual income tax rates. The EPA. 0bamacare. Unchecked government spending and debt. The war on coal (and other hydrocarbon energy). And massive regulations (other than the EPA) on businesses and individuals.
If you need some more economic education, I can be reached at M Kehoe@FReerepublic.com.
Your welcome.
5.56mm
Indeed.
My guess is they merely had to survey those already quoted in the media—and they’d know they’d found their men (and women)!
There are very few rich economists—which you know has to chap their pasty little hides!
But yes, it also suggests they don’t understand the economy on a micro level very well at all. Evidence doesn’t suggest they’ve got a particularly strong grasp on the macro either.
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