Welcome to the new global economy, all you uber wealthy. Since you now have all the money, it’s your turn to lose all the money, we’re tapped out. How does it feel? Welcome to our world. Down here, we were shoved out of the US economy since that requires disposable income. Mainly, we barter for goods at local farmers markets. Services like repairs and improvements are put on permanent hold, kind of like the offshored call centers do to us when we need assistance. Best go back to your casino capitalism and place some new bets. This time, leave out wooden nickels and fossil fuels. And may the odds be ever in your favor.
Don’t economists go grocery shopping? I guess they don’t because otherwise they’d see that a box of cereal is still $4-5 even though the cost to transport it to the store has gone down. From what I see, none of the benefits of lower fuel prices are filtering down to the consumer. The prices sure did skyrocket when fuel costs went up a few years ago but they don’t seem to be going down. Sure, people are saving a few bucks at the gas pump but the costs of other necessities of life are going up: Rent, putting food on the table, and healthcare. If you own a house rather than pay rent, your taxes go up every year. Maybe we should arrange for economists to live with real people for a few weeks.
We are run by the best unlimited broadband oil/gas cartels and their handlers, the banking interests and war profiteers, manipulating the public coffers through tax subsidies and loopholes. So we don’t put broadband unlimited plans money into green public infrastructure, but keep feeding the cartel – until they have managed to co-opt the green infrastructure also. I watch in amazement while corporations continue to control our government and thus the public good is consistently shunted to the margins while their profit margins are protected. This is why the economy is tanking. The ordinary American can’t get “ahead”, or whatever that means, which to me means, we lose the value of our assets and our labor’s worth, while a great sucking sound is created when that goes directly into the pockets of the elite and supported by ridiculous international treaties. Renting broadband internet in Malaysia is growing because people have lost their homes, and continue to lose their homes. The homes left have their value diminished, because fewer people can buy them. Fewer people can buy them, regardless of what happens at the gas pump, because the jobs don’t pay enough. The depression of the value of labor is at heart the real problem. it’s just what the elite like.