Are American consumers recovering?
We are told that 70% of the GDP of our economy is driven by domestic consumer spending, are we not?
Okay... so how well is the CONSUMER CLASS doing overall, sportsfans?
The roof of a house may be in excellent condition. It may be gold-plated and shine in the sun, a marvel for all to behold.
But if the foundation upon which that golden roof stands is crumbling?
Editec's number one rule of macroeconomics:
We are told that 70% of the GDP of our economy is driven by domestic consumer spending, are we not?
Okay... so how well is the CONSUMER CLASS doing overall, sportsfans?
The roof of a house may be in excellent condition. It may be gold-plated and shine in the sun, a marvel for all to behold.
But if the foundation upon which that golden roof stands is crumbling?
Editec's number one rule of macroeconomics:
If your neighbors aren't doing well, neither are you.
Often expressed politically as
United we stand divided we fall.
Also suggested by an obscure Jewish Rabbi named Jesus as:
Love thy neighbor as thyself.
Folks, the USA has been living by a philosophical code for at least the last thirty years. One that is bound to destroy any society in the longer run.
That false philosophy is the midset that includes such catchphrases as:
Government is the problem, not the solution.
The wealthy carry the society on their backs, (and the workers are merely tools to be used and discarded as need, i.e. --Alas Shrugged;
Greed is good;
A rising tide lifts all boats;
Whatever the market will bear;
An invisible-Hand-of-the-Market guides us best.
We are currently enjoying the BLOWBACK from the above mindsets, all of which inevitably lead to the erosion of the cohesion that is absolutely essential in a modern society.
Will we suffer a complete collapse, either ecoomically or as a nation?
I doubt it.
But until we stop worshipping at the alter of the GOLDEN CALF (which is exactly what we've been doing for the last 30 years or so) we are just going to keep going down AS A NATION.
If you worship money and THINK you are a Christian? Then, whether you know it or not, you are an apostate of the religion you profess to follow.
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