Quote:
Originally Posted by Jim in CT
"Here is an explanation of why you are incorrect "
It's a different opinion. It doesn't "show" that I am incorrect.
"the wealthy have accumulated trillions of dollars of savings that is not invested "
Oh, I see. So the wealthy are all burying their money in their backyards? Or do they stuff it into their mattresses? Even if they put it in the bank, that's the money that banks use to loan money to people to buy houses and start small businesses. You can't make that wrong.
It's in the stock market
"because there is nothing to invest in that will give returns. '
The stock market hasn't generated good returns for the last 10 years?
The Stock market does not create jobs, if it did and went up X% we would have that many more jobs. Show me when that has occurred.
"so-called "job creators" "
I love these qualifiers you put on every fact that you don't happen to like. The economy is only "appearing" to grow, and people who start companies are only "so-called" job creators. Some facts are just facts, even the ones that go against your ideology.
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You think you can create a product and a resulting job if you have no market?
Where is consumer debt today? Is it at historic levels?
You could read this also but you have to click the link to do so.
Otherwise you cherrypick the things you disagree with and don't look further
http://necsi.edu/research/economics/econuniversal
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