Published: Tuesday, March 18 2014 2:00 p.m. MDT
The economic indicators are indeed mixed.The stock market keeps
rising, in large part because of "quantitative easing" which is a fancy
way of saying "the government is printing money and throwing it at the
market". But this doesn't mean that companies are actually hiring more
people in general. Why hire when the government is handing you money without
needing the extra headcount?Then, as the article mentions, the
middle class shrunk from 53% to 44%.On the other hand, more people
than ever are receiving food stamps or EBT cards. So for those who are content
to rely on the government to nanny them, it's a great time.On
another hand, a huge portion of workers and their families have experienced a
considerable jump in healthcare premiums and payroll taxes thanks to the
"Affordable" Care Act, which President Obama said he was proud to have
named after himself.If you're a wealthy investor and have a lot
vested in markets, then obviously it's a good day when the government is
subsidizing the markets to keep them going up, up, up.
The corporations control the government who in turn subsidies the corporations
which in turn creates a mess out of the middle class who in turn need government
assistance. It is a tangled web, but he solution is simple: ban lobbyists and
set term limits for all elected officials, including a single six-year term for
I only know what my wife would say if I charged a lot of money and never told
her. Sooner or later she will find out. I would never ever live it down, Ever.
Even if we separated, I stile would hear about it.
This is the great paradox of the capitalistic system -- the stock market and
profits are up, but hiring has remained stagnant. You can't force
companies to hire, so stoking the stock market with "quantitative
easing" isn't doing the trick to benefit the middle class.If we're going to stimulate the economy, tie it more directly to job
creation -- rather than consumption or stock price.
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