40% Consumption Driven By Top 5% Supporting Recovery. So We Need To Give Them More Money.

[TheMastersNemesis]

GOP logic based on the top wage earners supporting the recovery is to give them even more money. And how much consumption is driven by the top 10% wage earners. You can now see why the GOP does not believe in a middle class.. Give it all to the top 20% and you don't have to worry about the bottom 80% wage earners who probably make less than $20,000 a year. They are not significant in consumption.

[Armstead]

1. Trickle Up Economics

I still am baffled at why so many people who aren't among the lucky duckies put up with and support it .

[ChisolmTrailDem]

2. It's simple, Americans are cowards, unlike Egyptians or Ukrainians. nt

[Adrahil]

3. I don't know about you...

... But I do NOT. Want my country to become a post-apocalyptic hell hole. We CAN make the changes we want politically.

[ChisolmTrailDem]

4. How is that working out for you ...

after 30 years of status quo?

[Adrahil]

6. For me personally?

Pretty well actually. But that's not really the point. We are, IMO, no where NEAR the point where more people would be better off in a chaotic hell hole than in what we have now.

[ChisolmTrailDem]

12. Well, good for you. It's not working out for millions of others. And as for a "chaotic hell hole"

I defer to SamKnause and his post #10 which says exactly what I was about to say, to wit: "It does not have to become a post-apocalyptic hell hole." The rest of his post is good too, you should read it.

[Adrahil]

14. I did so. And thanks for the reasoned discussion! NT.

[SamKnause]

10. It does not have to become a post-apocalyptic hell hole.

A nationwide strike and boycott by union and nonunion workers would get the attention of the powers that be.

Can you imagine the impact on our corporate overlords if no one is buying their products, manufacturing their products, shipping their products, selling their products, advertising their products, stocking their products, or trucking their products ?

Alas, this will never happen.

Americans are not known for sticking together.

The people have POWER.

There is STRENGHT in numbers.

There is POWER and STRENGHT in unions.

The workers in America have the POWER and STRENGHT to effect change.

[Adrahil]

13. That's nice, but we don;t even agree on what we want.

I mean, I support the Occupy movement until it came to be ripped apart by factionalism and unrealistic expectations of a transition to full bore socialism. I'm not sure any movement could avoid that. I mean, look at Egypt... there was unity is wanted to get rid of Mubarak, but then what? About a million groups convinced they, and only they, had the answers. Ultimately, they end up with the military in charge.

[onehandle]

5. Fear that the little they have will be taken away.

Which didn't used to be a realistic fear until the GOPNRAteahadists were swept into the House in 2010 by lazy Obama voters.

[Armstead]

9. That's been a fear and a reality for many years

Look back at the 70's and 80's for the articles about industrial towns being hollowed out and lines of job seekers for posted openings.

This transcends the ups and downs of the contest between the elites of both parties.

[reformist2]

7. We need to dethrone aggregate stats and replace them with a more meaningful metrics.

GDP, aggregate consumption, total net worth of the stock market.... with all these stats the USA gets to chant "we're #1," but they mask the truth - which is that most of us don't share the benefit of those astronomical figures - not at all.

We need to change the language used to describe economic conditions, one that's more focused on individuals, rather than on how we are doing as a group.

[Armstead]

11. I agree completely. If you get a chance, you should.....

google to see if you can find any videos of Sanders squaring off with Greenspan in the 90's.

[Tuesday Afternoon]

8. I think the top 5% need to be culled and, at this point I really don't care how it happens.