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HILSENRATH’S TAKE: A LETTER TO STINGY AMERICAN CONSUMERS
WSJ ^ | June 2, 2015 | Jon Hilsenrath

Posted on 06/04/2015 12:04:46 PM PDT by Wiz-Nerd

Dear American Consumer,

This is The Wall Street Journal. We’re writing to ask if something is bothering you.

The sun shined in April and you didn’t spend much money. The Commerce Department here in Washington says your spending didn’t increase at all adjusted for inflation last month compared to March. You appear to have mostly stayed home and watched television in December, January and February as well. We thought you would be out of your winter doldrums by now, but we don’t see much evidence that this is the case.

You have been saving more too. You socked away 5.6% of your income in April after taxes, even more than in March. This saving is not like you. What’s up?

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government
KEYWORDS: consumerspending; federalreserve
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Go to the post and read the 137 comments!! You'll be glad you did.
1 posted on 06/04/2015 12:04:46 PM PDT by Wiz-Nerd
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To: Wiz-Nerd
Zero Hedge had a key response, A Member Of The Middle Class Responds To Jon Hilsenrath, this morning.

Hilsenrath has beclowned himself and shown that he is more out of touch than even Hillary Clinton (if that is possible).

2 posted on 06/04/2015 12:09:04 PM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: Paine in the Neck

It looks like Karl Denninger was on it, too.

http://market-ticker.org/akcs-www?post=230205


3 posted on 06/04/2015 12:19:42 PM PDT by Wiz-Nerd
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To: Wiz-Nerd

There aren’t any jobs ( outside a couple sectors) and other then retail and the like. People with outstanding quals and excellent work experience can’t even get interviews. It would be crazy to start buying krap again. Forget it. Six years of the Great Obama Depression and - from all appearances - at least another two years to go. Sorry, but an economy isn’t built on welfare and fake disabilities and obamaphones and currency printed out of thin air.


4 posted on 06/04/2015 12:21:28 PM PDT by faithhopecharity ("Of making many books there is no end, and much study is a weariness of the flesh.")
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To: Wiz-Nerd
How can anyone take Hilsenrath seriously with this opening?
The sun shined in April and you didn’t spend much money. The Commerce Department here in Washington says your spending didn’t increase at all adjusted for inflation last month compared to March. You appear to have mostly stayed home and watched television in December, January and February as well. We thought you would be out of your winter doldrums by now, but we don’t see much evidence that this is the case.
No wonder everyone is perpetually offended. There is zero ability to recognize sarcasm.
5 posted on 06/04/2015 12:22:35 PM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Wiz-Nerd

Personally I REFUSE to participate in the failed obama economy! I can wait till 1/2017 to buy any big ticket and many small ticket items I may currently want but not need.


6 posted on 06/04/2015 12:25:31 PM PDT by Harpotoo
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To: Wiz-Nerd

Dear Jon,

We’ll spend when Obama leaves and sanity returns.


7 posted on 06/04/2015 12:27:02 PM PDT by Senator_Blutarski
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To: Dahoser

I thought I had misread it after perusing the comments here...finally a light in the dark. Thanks Dahoser!


8 posted on 06/04/2015 12:27:41 PM PDT by PLOM...NOT! (Checking in from Wisconsin)
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To: Wiz-Nerd

Dear Wall Street Journal,

I’ve donated $600.00 to Ted Cruz so far. How much more money do you want me to spend.

Signed,

An American Consumer.


9 posted on 06/04/2015 12:28:36 PM PDT by EvilCapitalist (1 of 172)
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To: Senator_Blutarski

Bump


10 posted on 06/04/2015 12:31:29 PM PDT by EvilCapitalist (1 of 172)
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To: Wiz-Nerd

Guaranteed! ANY ONE of the people commenting knows more about the economy than “O”.


11 posted on 06/04/2015 12:31:59 PM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: Wiz-Nerd

We need to start referring to the Wall Street economy. They’ve rigged the system to suck money from the middle class with the help of the payed for government.


12 posted on 06/04/2015 12:32:12 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Dahoser

Since most consider this man to be the Fed’s chosen mouth-piece they KNOW it is not pure sarcasm let alone tongue-in-check.


13 posted on 06/04/2015 12:32:22 PM PDT by Wiz-Nerd
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To: Dahoser
If Hilsenrath is guilty of using sarcasm, then what was his point?
1). to belittle the majority of Americans who have been unfortunate victims of a grand deception and theft roughly beginning in the 1970’s?

Or

2). To be dumb enough to not only paint a target on his back to 1000’s of readers, some of whom who have shared their thoughts on Mr. Fed spokesman's potential jesting, but also to paint the entire WSJ and Federal Reserve as completely out of touch with America.

14 posted on 06/04/2015 12:34:57 PM PDT by free from tyranny
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To: freedomfiter2

“We need to start referring to the Wall Street economy. They’ve rigged the system to suck money from the middle class with the help of the payed for government.”

The wall street economy that the Fed built.

Yep, they built that! :-)


15 posted on 06/04/2015 12:37:16 PM PDT by Wiz-Nerd
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To: Wiz-Nerd

I took your advice and read the comments. They have a very FR flair - intelligent, snarky and sobering.

Whether the author was going for sarcasm or mockery, I don’t know. But the comments show that most of us in the middle class don’t have much to laugh about anymore.


16 posted on 06/04/2015 12:37:49 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Wiz-Nerd

The smirking little Obama voter sitting on the other side of the desk won’t hire me....


17 posted on 06/04/2015 12:46:13 PM PDT by Tzimisce
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To: LostInBayport

“I took your advice and read the comments. They have a very FR flair - intelligent, snarky and sobering.

Whether the author was going for sarcasm or mockery, I don’t know. But the comments show that most of us in the middle class don’t have much to laugh about anymore.”

The comments, especially from the WSJ crowd, surprised me. How many times did people say that the revolution was coming, or mention ropes and lamp posts? Not to mention what happened to royalty after the French revolution...

WOW!


18 posted on 06/04/2015 12:53:34 PM PDT by Wiz-Nerd
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To: Wiz-Nerd

I am sure when Hillary gets elected she will fix this. </s>


19 posted on 06/04/2015 1:25:21 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - Classical Christian Approach to Homeschool ])
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To: Paine in the Neck

Seemed to me that he was mocking the Administration/media explanations of the first quarter results being from the cold weather, or otherwise explainable as anything other than the economy just bites. Even the return of warm weather failed to ‘unleash the pent up demand’...because there really wasn’t any/much.


20 posted on 06/04/2015 1:31:58 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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