7 big worries about the economy
As stocks move higher, Wall Street's enthusiasm can be infectious. But average Americans still face a host of very real economic dangers.
VIDEO ON MSN MONEY
In short -
Affordable Care Act
Security for business
Housing market (that cannot be sustained under above conditions)
Liberal social agenda
Feds reckless policies
Fudged numbers in unemployment and jobs created (good paying secure jobs)
Continuing rise of Americans seeking aid
Ever increasing Foreign Aid
Ever increasing world tensions
Enough said (Good first four years Mr. President, we cannot sustain four more)
Anthony, any educated person knows all what you wrote is true, however, no one does anything about it.
The "Rich" are smart, they are saving their cash for the next time the country is jacked up. I can't blame them for not spending.
Oh well, 51% of the country wants this apparently.
Interesting how Anthony makes all of his comparative analyis based on the "pre-recession high". But unfortunately, as we now know, the pre-recession high was a mirage. The housing market was a farce, bank financing was a con game, and (as Anthony noted) household debt was 130% of disposable income. The pre-recession high was obviously artificial and entirely unsustainable. To compare today's rather tepid economy seems a little ridiculous to me. I don't want to go back to the pre-recession high, and I don't think comparisons between the two have much merit.
I wish I had unlimited interest free money to invest in the stock market like the TBTF banks with no consequences if I lose, thanks to Helicopter Ben and his magic Benny Bucks printing press working overtime. Instead, I face a meager savings account with virtually no interest and rising food, fuel and living expenses that outstrip my salary. On a related not, our local Fortune 500 company CEO recently announced that his compennsation for 2012 was over $16 million. Not bad for a guy who does nothing but sit around in a suit and look pretty all day, while he and his bean counters laid off hunderds of hard working people this year to make the company more 'profitable'. The old adage never rang truer: the rich get richer and the poor get poorer.
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