"THE 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody%u2019s Analytics. That should come as no surprise. Our society has become more and more unequal. " "Yet the rich are now being bitten by their own success. Those at the top would be better off with a smaller share of a rapidly growing economy than a... [more]
"THE 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody%u2019s Analytics. That should come as no surprise. Our society has become more and more unequal. "
"Yet the rich are now being bitten by their own success. Those at the top would be better off with a smaller share of a rapidly growing economy than a large share of one that%u2019s almost dead in the water.
The economy cannot possibly get out of its current doldrums without a strategy to revive the purchasing power of America%u2019s vast middle class. The spending of the richest 5 percent alone will not lead to a virtuous cycle of more jobs and higher living standards. Nor can we rely on exports to fill the gap. It is impossible for every large economy, including the United States, to become a net exporter."
http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html?_r=3&hpw[less]
Response by lucillebluth
over 14 years ago
Posts: 2631
Member since: May 2010
not to mention that even somehow given the chance to implement any real changes, he totally lacks the personal skills necessary to make things happen. he's just kind of a sancti! people don't like that and people don't want to work with someone like that, he'll never get anything out of any opponent, not and inch. a paul presidency would actually be a genuine and significant set back to the libertarian agenda. i hope his supporters keep this in mind.
not to mention that even somehow given the chance to implement any real changes, he totally lacks the personal skills necessary to make things happen. he's just kind of a sancti! people don't like that and people don't want to work with someone like that, he'll never get anything out of any opponent, not and inch. a paul presidency would actually be a genuine and significant set back to the libertarian agenda. i hope his supporters keep this in mind.