On Tue, 14 Oct 2008 09:55:13 -0700, "John R. Carroll"
wrote:

snip
An economy that relies heavily on consumer spending must insure that those
that consume have the funds to do so and from earnings, not borrowing.
snip
===========
It does indeed.

Unfortunately this also requires that the median
individual/family inflation adjusted gross and disposable incomes
to increase, while the corporate drive is to reduce wages and
benefits of *THEIR* employees. The apparent assumption is that
they can reduce the wages/benefits they pay, but the employers'
of their customers, i.e. other corporations will not.

State and local governments are also contributing to the
reduction of net disposable real income by their continual
increases of taxes and fees, with reductions in services.
Although the Federal government has reduced taxes, this appears
to be more than offset by the reduction in services, and the
increase in the national debt, which *MUST* be paid later [with
interest].

How one state [NJ] is killing the goose that lays the golden
eggs:
http://www.foxnews.com/story/0,2933,303159,00.html
http://www.plnewsforum.com/index.php...wthread/41594/


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).