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nadinbrzezinski

(154,021 posts)

23. Read post number six

Reply to sendero (Reply #18)

Sun Jun 24, 2012, 09:02 PM

Jun 2012

bankers are folks looking at the macro economy.

You and I are looking at the micro economy.

Only way to break this... is with a good amount of government spending... like oh hiring police, fire, teachers, road department people... things like that

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Consumer Spending Probably Stalled in May: U.S. Economy Preview [View all] dkf Jun 2012 OP

People not spending money is a good thing. The rate of savings in this country is way too low. RB TexLa Jun 2012 #1

Right now, we need consumers to spend. And, fingers crossed, cheaper gas will help. MrTriumph Jun 2012 #2

So the fact that people fear losing their jobs doesn't matter to you? They should spend their money RB TexLa Jun 2012 #3

Business expansion is a key to job creation. That is agreed upon by Ds & Rs. MrTriumph Jun 2012 #4

You did leave off one person who benefits from saving, the saver. But it's pretty clear you don't RB TexLa Jun 2012 #5

Talking across each other nadinbrzezinski Jun 2012 #6

Perhaps if the PEOPLE were bailed out, they would spend, and the economy would recover. Huey P. Long Jun 2012 #21

Well in effect what you are asking nadinbrzezinski Jun 2012 #22

As a former banker I can tell you. Chan790 Jun 2012 #14

Trust me, I know nadinbrzezinski Jun 2012 #17

While it is true that saving. sendero Jun 2012 #18

No, no, spend, spend, you are thinking selfishly wanting a safety net of savings. People RB TexLa Jun 2012 #19

Read post number six nadinbrzezinski Jun 2012 #23

I'm fully in support of that... Chan790 Jun 2012 #24

At a macro level I will take it a step further nadinbrzezinski Jun 2012 #25

I don't pay any fees on any of my savings accounts. I pay commisions when I buy or trade securities RB TexLa Jun 2012 #26

Of course you do. Chan790 Jun 2012 #27

No, they should spend to stimulate the economy to forestall job-cuts and layoffs. Chan790 Jun 2012 #13

Which is why the government needs to spend.. girl gone mad Jun 2012 #7

But removing the debt is good for the future, but I know sacrifice is no longer a value RB TexLa Jun 2012 #8

Not in the short term, unless you like a depression nadinbrzezinski Jun 2012 #11

Which is why private sector spending should be encouraged. dkf Jun 2012 #10

Good luck with that one nadinbrzezinski Jun 2012 #12

They ONLY get the break it they invest it. dkf Jun 2012 #15

Again, look at tax rates and how they correlate nadinbrzezinski Jun 2012 #16

Money Talks BrendaBrick Jun 2012 #9

Catch-22. The economy won't pick up unless people buy more.. Tierra_y_Libertad Jun 2012 #20