Mon Feb 25, 2013, 06:13 PM
ProfessionalLeftist (4,982 posts)
Consumption Drops, Unemployment Rises, and DC Politicians Are Clueless: Here's Why
. . .
There are two big categories of customer: One is comprised of individual consumers. The other is government.
. . . It used to be that when consumers spent less, government stepped into the breach and spent more in order to keep people employed. That's what we were supposed to have learned from the Great Depression.
No longer. Government is cutting back, too. Deficit hawks and government-haters are insisting on it.
. . .
Unless Republicans and Democrats reach a budget agreement before next Friday, another $85 billion of spending cuts go into effect this year. They'll begin almost immediately.
With consumers and government both spending less, businesses won't hire more workers; they'll fire more workers. That's likely to happen in coming months.
Anyone with half a brain should be able to understand all this. But apparently many in Washington don't have half a brain.
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Consumption Drops, Unemployment Rises, and DC Politicians Are Clueless: Here's Why (Original post)
Response to ProfessionalLeftist (Original post)
Mon Feb 25, 2013, 07:51 PM
Blanks (3,712 posts)
5. It's odd; isn't it?
The same people who spared no expense during the Bush administration; want spending cuts.
It's almost like they know it will cause a recession, and then they can blame it on the president.
Of course they would never hurt the American people purely for political gain.