Ho-hum retail sales keep stocks in check

America has crossed from a caring and sharing nation into it's just about me and greed.

Money has become the drug of choice for so many Americans life has passed them by. In the end we are remembered for who we were and not what we had.

If money became worthless tomorrow who do you think would survive? It would be those who put life before greed, you cant eat money.

And why shouldn't most of the wealth be in the hands of a few?

Because consumer spending would drop off a cliff, business would sell less goods, and the economy would shrink.

This idea has been tried in the past with bad consequences.

You mean the early 1900's-1910's and 1940's-late 1960's, and the 1990's?  You know, the periods where the economy expanded the fastest in US history?

Or for comparision, how about all the countries where the wealth is centrailized in the hands of a few?  Mexico is a very good example, where coorporations rake in huge profits, but the economy is in the pits because of a lack of a middle class.

You should be grateful to the rich, because they give you a living and pay the major portion of the taxes. And the products & services produced by their enterprise give you a high quality of life.

JD is OK but too expensive. Try Ezra Brooks at half the price and 90 proof. I love a little in my bowl of milk before I retire for my fluffy bed.

It's all the banks fault, so nationalize them! It's all the military spending, so cut their budget in half. It's all those tax breaks, so eliminate them. It's all the corrupt politicians, so get rid of them (hangings?). It's the entitlements (SS, Medicare, & Medicade), so do...?

Do you people know how foolish and naive you sound? Unfortunately, we don't have a proactive society, and we only face problems when we are forced to which is beginning to happen right now. You can expect one of the most screwed up periods in our political & economic history.

trouble is when you work in that industry you see that most of the projects have no future.  most of the projects will never get fielded.  most of the projects if they are fielded are such paltry in quantity they will have no military stratigic value.  the company i left 3 years ago was working ENTIRELY on products that will never get fielded.  it was a total make-work company.  be it defense or national defense, NOTHING they were doing was going anywhere.  while they were a $20 million company, THEIR products were to be "used" in higher up assemblies - which also were going nowhere.  very quickly you can see how that small company doing nothing flows into many more doing nothing.  all military "products" that were going to do nothing.  this easily reached billions of $$$ in waste spending.  ~ pork spending. 

Money spent on defense is creating jobs. Cutting defense spending will cuts jobs, whether its soldiers in the field or people making bullets, planes or whatever. It is "not" a waste of money as some seem to think. I would rather the government spend it on defense to create jobs and protect our country than some of the other programs.

Interesting, now if only we could determine what happened exactly 4 years ago, hmmm, I think I read this somewhere, 4 years ago, 4 long years ago, what could possibly have happened, oh yeah...

There's so much waste in all of these R&D projects coming out of the Pentagon

Yep, nothing wrong with using 1980 airplanes

1970 tanks and 1960 guns.

We need to reduce our population anyway. 

Hmmm...

I wonder if Carnagie Deli in NY franchises...  I might need to open one in Ft. Worth...

VolckerFan, I do understand your denial my friend. You are me running my business 30 years ago in stagflation economic conditions. I destroyed 4 families without realizing what power I had over their lives for no other reason then that they pissed me off in labor dispute. It cost me a lot of money to make that one right. Inflation is bitcch for both sides of the labor table and stagflation is ultimate bitcch. Most managers don’t want to think about the repercussions of their actions. It is easier to make decisions that way without owning responsibility for the repercussion of your actions. It is a sign of the times I suppose. We are not there yet, but soon.

I was just trying to help you avoid a life lesson that scarred me for life. You break bread with your employees one week and the next week you are responsible for putting their kids on the street. Some lessons you have to learn the hard way I guess, but I assure you hind sight is 20/20.   

deklen

It would be pretty funny if they raised taxes on business, right after Mirageguy got there.  He would stroke but be too proud to take obamcare or social security diability.