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[–] Aldo 0 points 1 point 1 point (+1|-0) ago
The economy sucks because its being drained by the elite in this country. The gains of the uber-wealthy have grown and haven't been re-invested in the economy. So we're draining the economy which is not allowing businesses to grow and pay more people to do more stuff. Plus people don't want to learn new shit and bitch about their lost jobs (see coal, elevator operators, horse-buggy drivers)
[–] LewsTherinTelamon ago (edited ago)
I think the economic issues we are experiencing go a little deeper than the rich aren't investing in the economy...
The Fed rates have been kept artificially low since early 2009. They were literally 0 for the majority of Obama's time in office.
http://www.tradingeconomics.com/united-states/interest-rate
Let's not forget about "Quantitative Easing" wherein the Fed bought a bunch of bad assets in order to infuse the market with new cash. All in the name of stimulating the economy.
http://www.forbes.com/sites/greatspeculations/2015/11/16/quantitative-easing-in-focus-the-u-s-experience/#674474c33013
Couple that with the continued rampant abuse of tax payer money going to prop up the healthcare market and things are shaky at best for investors. Every economist with their head screwed on straight is telling people we are in a bubble. The ones that are really sharp are trying to tell us this bubble is the same one we have been in since before the crash in 2008.
In my estimation the people who are not reinvesting in this shit show are absolutely correct not to do so.
And that still doesn't address medicare/medicade solvency...