Thursday, May 2, 2013

Steve's barking do the anchors on financial shows know the right question?

I happened to be cruising (as I used to say, before the word surfing came into vogue)  the channels on my TV when I happen to come across a financial network that had on three top industrialist (well at least one that I heard of) who were lamenting that the economy in this country is week. The host then asked the lame question do you think one of the reasons the economy is so weak is because of government regulations?
The three took their time then replied that yea that could be one of the reasons.
The correct question is who are the customers of goods and services, do they want the products that are being produced and can they afford them?

There is one employer that can guarantee employment and that's government but the peoples representatives don't want to spend the money to employee people to drop the unemployment rate by employing them, they in turn spend money on products building up the employment in private sector. I may not be the brightest light in the room, but I can figure out simple logic.

I read in the New York Daily News Today that a large portion of the populous of the Bronx are paying over 50% of their income on rent, that a very dangerous sign for the economy, squeezing out discretionary income is a warning sign of economic down turn that annalist on  financial networks don't seem to get.   

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