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View Full Version : The Decline of Main Street In One Simple Chart



Mainecoons
09-21-2014, 08:36 AM
http://www.zerohedge.com/news/2014-09-20/decline-americas-economic-model-1-simple-chart

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140917_chart.jpg


The choice, by Greenspan and carried on by his followers, was to enable the financialization of the US economy for the benefit of the few, at the cost of the many. As Irwin concludes, and we explained previously (http://www.zerohedge.com/news/2014-09-16/are-these-people-whose-confidence-conference-board-polls), Americans feel disappointed by the economy; the new data show that they have good reason.Source: NY Times (http://www.nytimes.com/2014/09/17/upshot/you-cant-feed-a-family-with-gdp.html?_r=0&abt=0002&abg=0)

Peter1469
09-21-2014, 08:42 AM
Growth is pushed into the major banks via QE. It is amazing that the democrat base can't see this. Oh well.

Mainecoons
09-21-2014, 08:44 AM
The Democrat base ain't exactly the brightest lamps in the universe, Cigar and Exo as object lessons in same.

Alyosha
09-21-2014, 11:07 AM
It is because of repeated assertions that they are the "nicer" more "caring" party. Say something long enough and adamantly enough and people believe it. Also the Republicans don't help when they weigh in on social issues or demonize classifications of people. Very few people take constructive criticism well from strangers and will just turn to the party they feel cares.

Matty
09-21-2014, 11:11 AM
It is because of repeated assertions that they are the "nicer" more "caring" party. Say something long enough and adamantly enough and people believe it. Also the Republicans don't help when they weigh in on social issues or demonize classifications of people. Very few people take constructive criticism well from strangers and will just turn to the party they feel cares.



The the people who " demonize" are the democrats.

Chris
09-21-2014, 11:16 AM
Problem is it's not just the Dems responsible but Reps as well.

Mainecoons
09-21-2014, 11:40 AM
Note when the two curves diverged.

Who was in office for the next 8 years?