MSN - Why this is a rich man's recovery

[RedState_progressive]

Why this is a rich man's recovery
Stores that cater to the well-to-do see sales rise while those aimed at the middle class and lower struggle. Here's what that means to the economy, the president and investors.

...
By Michael Brush
MSN Money
A rising tide is supposed to lift all boats.


Is Obama's economic plan working?
In the Obama recovery, however, the high-end yachts are doing much better than the dinghies. ...


http://articles.moneycentral.msn.com/Investing/CompanyFocus/why-this-is-a-rich-mans-recovery.aspx?page=1

[Uben]

1. The rich are the only ones with money to spend!

But, those toys they buy are made by those who are not rich, so that should at least transfer into some jobs, which is what we need. It doesn't matter who spends the money as long as they are buying goods made in the USA.

[high density]

2. The economy has been tilted toward the "rich man" since at least Reagan

It's no surprise that the "Obama recovery" is confirming the screwed up, unsustainable proportions that we were operating under before.

(A)s voters notice the wealthy flashing new $3,000 handbags and contrast that to a bargain-rack find from Target, they'll grow ever more disappointed in what Obama's team has engineered. "In the current political context, this may not be particularly appealing and will be difficult for the Obama administration to explain," says Joseph Brusuelas of Brusuelas Analytics.

That could make voters turn on Obama's party in upcoming congressional elections; he already faces a broad range of criticism from progressives and independents who voted for him, as well as conservatives. A rich man's recovery is the last thing he wants to be saddled with, so it could change his focus in the near future.

Yes, we all know that Republicans are far better at restraining the rich man, so voters will flock to them. :eyes:

[Jennicut]

3. Yes, the rich have been making more and the middle class less for a long time.

It will not be fixed in one year when it was 30 years or so in the making. And middle class voters voting for Rethugs so more tax breaks can be given to the wealthy is like shooting yourself in the foot. But it won't surprise me. Many middle class people think less govt. means less spending and therefore, more money for the middle class. Less govt. from Rethugs is essentially a lie. And deficits? Well, we all know who helped to contribute the most to the current one.