GDP likely slowed without strong consumer spending

Slow economic recovery is your fault

money.cnn.com

On Friday, the government will release its second-quarter report on gross domestic product and economists surveyed by CNNMoney are predicting a 1.4% annual rate of growth. That would be down significantly from 1.9% growth in the first three months of the year.

The biggest drag isn't likely to come from Europe's debt crisis or China's slowdown, but from weak consumer spending at home.

(visit the link for the full news article)

Wow, just wow. The "economists" aka:bankers are saying that the failure in an economic recovery is our fault, because we don't spend enough money.

Now wait a minute here, didn't many of these "economists" create the economic problems in this country in the first place, now they are blaming those they caused the problems for?

How do they expect us to "spend more" when many of us work non-stop just to put food on the table and gas in our cars just to get to work.

What they really mean here is, we need you to take out more loans and buy on credit as much as possible, while we jack up to prices on everything making you have to barrow more and more money so we can "own" you and your family for years to come.

money.cnn.com
(visit the link for the full news article)

I have a radical idea....

Let the American citizens keep more of their money - so they can spend it.

- and stop measuring indebtedness to banks as "wealth."

.... OK... I'm all out of ideas...

Apparently these ‘economists’ did not take very good notes during their coursework.

When a government spends more than it receives in revenue from taxes - savings and investments are negatively impacted. That’s pretty basic…

History has proven that governments that cannot care for its people cease to exist and are replaced by a government that can care for its people. We are slowly approaching that vector. The problem is the out going government will most likely use force to stay in power until the masses revolt.