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Did people forget that consumer spending was what was keeping this economy afloat? It was not real because ?
February 15th, 2011 | 
Author: Question by Unsub29: Did people forget that consumer spending was what was keeping this economy afloat? It was not real because ?
consumers were using debt to do so? That’s pretty important. So Obama’s plan should put more money into consumers’ hands and spending should resume. Consumer spending is the lifeblood of this economy. We should focus on producing and exporting goods overseas. That’s another way to create wealth. What do you think?
Moose- You got it exactly. Thank you.
Where are those jobs that AIG could have created? They have just been wasting money. What have we taxpayers gotten for it? Hmm??
Best answer:
Answer by Locke
You mean like John McCain’s plan?
Add your own answer in the comments!
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Consumer spending is indeed what keeps our economy afloat, but consumer credit allows leeches to attach themselves to our backs. That’s why we’re currently experiencing financial problems.
Your analysis is correct.
Anyone thinking this is the McCain plan did not listen to the debate last night.
We are in trouble because of Republican BORROW and SPEND policies. Obama specifically said “pay as you go” and is asking Americans to share the responsibility for fixing what the Republicans broke.
McCain offered only more of the mcsame. Tax cuts for corporations and borrowing. He says for jobs? What is see is lavish parties and multimillion dollar “salaries” for failed executives.
Obama 2008 to restore rationality to economic policy