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Why consumer spending is down?
January 6th, 2012 | 
Author: Question by Hermoine: Why consumer spending is down?
Do not hold onto your wallets people.
Buy expensive merchandise.
Why be greedy?
Pres. Barack H. Obama will give you free $ 1000
Pres. Barack H. Obama will give you free health care
Pres. Barack H. Obama will give you tax cut
Pres. Barack H. Obama will give you a raise
Pres. Barack H. Obama will give you free tuition
Pres. Barack H. Obama will waive your mortgage
No reason to be greedy. Enjoy your life and go on shopping spree.
Why consumer spending is down?
Best answer:
Answer by Carpe diem
Because confidence is down, it will get better when Bush leaves office.
Know better? Leave your own answer in the comments!
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How will Osama get all this money to do all these things? TAXES! He’s going to tax like crazy. Research socialism. That’s what you people voted for.
I did I bought ammunition 5,000 rounds.
If there are no jobs left, how the hell would you spend? 1.2 million jobs have evaporated in only few months time
http://news.yahoo.com/s/ap/economy
income is being choked for millions of citizens. Everything depends on job market. if job market is horrible, spending would freeze.
most americans have evey thing they need all ready.
Hello? Anybody there? Spending more will only HELP the economy, because it puts money back into the market, thus keeping businesses doors open. In turn, they can pay their taxes and keep the roads in good shape, schools, fire dept. and police dept. running! But at the same time, no one has any money to spend frivolously because most people have lost their jobs because of bush’s policies. That kind of thinking in this economy is the reason why SOME people, not all but SOME have lost their homes. It’s really a vicious circle. But attitudes like yours doesn’t help anything at all.
How Bush ruined a decade’s good work
http://www.earth.columbia.edu/sitefiles/File/about/director/pubs/thebanker020304.pdf
How Bush Destroyed the Dollar
http://rinf.com/alt-news/business-news/how-bush-destroyed-the-dollar/2333/
However, thanks to President-elect Barack Obama, relief is in sight. Obama plans to jumpstart the economy through many methods.
One is to Provide Middle Class Americans Tax Relief
Provide a Tax Cut for Working Families: Obama and Biden will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama and Biden will create a new “Making Work Pay” tax credit of up to $ 500 per person, or $ 1,000 per working family. The “Making Work Pay” tax credit will completely eliminate income taxes for 10 million Americans.
Eliminate Income Taxes for Seniors Making Less than $ 50,000: Barack Obama will eliminate all income taxation of seniors making less than $ 50,000 per year. This proposal will eliminate income taxes for 7 million seniors and provide these seniors with an average savings of $ 1,400 each year. Under the Obama-Biden plan, 27 million American seniors will also not need to file an income tax return.
Simplify Tax Filings for Middle Class Americans: Obama and Biden will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama and Biden will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. Experts estimate that the Obama-Biden proposal will save Americans up to 200 million total hours of work and aggravation and up to $ 2 billion in tax preparer fees.
Another is to Support Small Business
Provide Tax Relief for Small Businesses and Start Up Companies: Barack Obama and Joe Biden will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama and Biden will also support small business owners by providing a $ 500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and this measure will reduce the burdens of this double taxation.
Create a National Network of Public-Private Business Incubators: Barack Obama and Joe Biden will support entrepreneurship and spur job growth by creating a national network of public-private business incubators. Business incubators facilitate the critical work of entrepreneurs in creating start-up companies. Obama and Biden will invest $ 250 million per year to increase the number and size of incubators in disadvantaged communities throughout the country.
http://www.barackobama.com/issues/economy/index.php
Here is what the tax burden will look like only Obama will raise what the top 20% pay.
http://www.allegromedia.com/sugi/taxes/