American Consumers Blamed For Stalling Economic Recovery
Posted on July 17, 2010
Filed Under Critical Issues | 1 Comment
Coming off the stunning propaganda success of blaming the unemployed for America’s staggering unemployment, the corporate controlled media (MSM) now makes the consumer the “villain” responsible for the Great Depression II. The MSM is blaming the American consumers for not living up to their sole purpose in life, which of course is to endlessly and unquestionably buy crap produced in China and increase corporate profits.
70 percent the American economy is based on our raw consumption. If Americans buy the global elite get rich. If Americans don’t buy the global economy stops. America is the only country with the buying power left to support corporate profits. Unfortunately due to globalization we no longer have the jobs.
Consumers are having second thoughts about the recovery.
Shoppers are losing confidence, becoming more concerned about low pay and a weak job market than about bargains. And their worries are threatening to drag down the economy.
A report released Friday showed that consumer confidence fell in July to its lowest point in nearly a year. A volatile stock market, near-double-digit unemployment, lackluster wage gains and a stalled housing market have raised fears that the recovery is on the verge of stalling.
Americans reacted by clamping down on their spending in May and June. Many cut back after the stock market lost about 10 percent of its value over the past three months, as Europe’s debt crisis shook Wall Street. The resulting loss of household wealth has left many Americans less inclined to spend.
Retail sales were weak this spring and probably slowed growth in the second quarter. Consumer spending accounts for about 70 percent of growth.
Read Full Article Here: Less-confident consumers could stall recovery – Business – Consumer news – msnbc.com.
Sounds to me like the American consumers are just being good businessmen. Due to globalization America can no longer support the worlds economy. Free trade killed America.
Related News
Comments
One Response to “American Consumers Blamed For Stalling Economic Recovery”
Leave a Reply
-
-
Never leave home without a pack. Each 3600 calorie package contains 9-400 calorie servings. The packs are small enough for a backpack, purse or desk drawer. Heat resistant to 149 degrees so throw a couple under the truck seat and always have survival food with you.
Each pack is a three day emergency food supply
Case of 20 - $96.95 Survival Poll
Loading ...-
72 Hour Emergency Survival Kit- 4 Person - $ 106.00Each 72 Hour Emergency Survival Kit includes:
- 72 Hour Emergency Survival Kit backpack
- Light Stick, 12 Hour (Green)
- Plastic whistle with Lanyard
- 33 Piece First Aid Kit
- Duct Tape, 50 yards
- 14 in 1 pocket tool
- 3 way Can Opener
- AM/FM Radio with Battery and Light
- D Batteries
- Flashlight, Uses D Batteries
- 4x Solar Blanket
- 4× 2400 Calorie Food Ration (5 year shelf life)
- Water Pouch x 40 (5 year shelf life)
- 4x Emergency Poncho
- 4x N95 Respirator mask
- Bio Hazard Bag x2
- Work Gloves, Leather Palm
- Waterproof Matches, Box of 50
Bulk Food
Wise Foods ready-made meals are packed in airtight pouches then encased in durable plastic containers. The handy square buckets are easily transported and store in your closet, basement, bug-out trailer or retreat.
The basic package can feed 4 adults for 3 months...or 1 adult for 12 months. The ready-made packets are easy to prepare...no grinding the wheat to make your bread!
Wise Company ready-made meals carry a shelf life of 25 years with absolutely no rotation needed. That's 25 years without the stress of wondering if your family will have enough good usable food when emergency strikes.
Survival Poll
Loading ...Clean Water
I have three of these water filtration bottles. One in the truck, one in the jeep and keep one in the cabin. You can fill it up from the bottom and filter water immediately by simply squeezing the bottle.
This little water filter kept me going last winter when my cistern ran dry. Pick one up and throw it in your bug-out bag only $19.99. Great for filtering captured rainwater from your roof!Survival Poll
Loading ...Survival Poll
Loading ...Barter Beer
Gold is nice but if you really want financial security in the years ahead brew your own beer. Cheap home brew is a great barter item and as "sin" taxes go up the black market value will continue to increase.
Microbrewery Kit - $ 99.99
The Coopers Brewery Microbrewery Kit is the world's best selling beer making kit for good reason. It is designed to give you everything you need to brew 6 gallons of your own high quality, completely natural, great tasting beer every time.Survival Poll
Loading ...-
Clean Water
Emergency water filters used by the military during Katrina. Makes virtually any water drinkable even muddy water.
Emergency Water FilterSurvival Poll
Loading ...-
-
They’re right, it is our fault… For letting this country decay to the point we’re at now.