re: #245 thedopefishlives

Actually, on a more serious note on that topic, I think that’s one of the arguments from the rabid right wing that burns me the most. Rush Limbaugh can sit his fat ass behind the Golden EIB Microphone and declare that his buying luxury goods is driving the economy, but that doesn’t make it true. Luxury goods generate a lot of revenue, but almost no volume; that means that it’s making a very few people very wealthy. Why, it’s almost like rich people are building a system to keep themselves rich…

The GM bailout created confidence in the auto industry, which lead to jobs opening up at the auto companies, which lead to the newly employed feeling confident enough to invest in their employers by purchasing new cars…