The current economic figures are going up because the middle class is disappearing. Has anyone noticed? The upper class can afford more and more things like new diesel trucks, furniture, vacation cruises, and new houses. The upper class can afford those “safety net” stock portfolios to hedge against skyrocketing prices of basic necessities and are well off enough not to notice that in the real world, the floor is falling out from under the rest of us. They can afford not to notice the rest of us draining our savings and the little we put away for the kid’s college because we need the rest for basic necessities.
Meanwhile, the middle class is losing buying power by the day. They can no longer afford that extra night out a month with the family because the money for it went into the gas tank last week. They can’t afford a new car every two or three years anymore like they used to before Bush. Their paychecks are being eaten up by higher costs for insurance and health care. Their credit cards are being eaten up by ever-raising interest rates and higher minimum payments because of greedy credit card companies that hand out plastic like water. Then, after you’re hooked, they decide to raise your rates and payments whether you like it or not. But they’re nice about it and send little notes out saying, in effect, “If you don’t like it, simply pay off your balance!” Yeah right!
The shrinking middle class has to make tough decisions like whether to pay the car and house payment or taking the kids to the dentist. But the upper middle class Republicans don’t have to notice or care about the rest of us, do they? Spend $200 for dinner? Heh, that’s petty cash hardly worth noticing! More and more middle class people are buying goods on credit cards because they can no longer afford to pay cash up front for the bare necessities. That money is now eaten up in inflated prices on nearly everything instead. Of course the economy looks like it’s growing; it’s being put on credit cards!
The poor in this country have to decide more important things like whether to buy groceries for their kids’ school lunches or new shoes for them. Rich republicans are well off enough, they don’t understand the concept of having to make a tough decision like whether you can afford five dollars for something necessary because things are so tight, you might need it for something else tomorrow.
Yes, Bush and his blind followers can afford “not to notice” that this economy is tanking faster than their deceiving figures say it is because it’s based on sales figures. Bush doesn’t take into account how much of that’s being put on nearly defaulting credit cards. Sooner or later, Bush’s credit card economy bill on the War and on the interest we pay to foreign countries on the insane and growing budget debt and on his “wonderful” economy — it’s going to come due and bite all of us on the ass. Not that it’ll matter. By then he’ll be out of office and the blame will be shifted to the Democratic administration that replaces him.
Why do you think most of his budget ideas don’t actually take effect until he’s already gone from office years from now? Yeah it’s easy not to notice a great economy, that’s why Bush’s approval ratings are at an all time low.
But that’s only my opinion.Powered by Sidelines