More cash at hand–for those who need it–means more cash to spend and re-invest in the economy. And that’s typically what happens.
Your incomes have been falling for five years in a row even though you’ve likely worked harder to make up for all the layoffs at work. But don’t complain. You’re one of the lucky ones.
In other words, it’s the party–not principle–that dictates a politician’s actions. Color us shocked.
Pope Benedict who? Not even around for a year yet and he’s already becoming the world’s favorite pontiff. For his entire exhortation on the financial system, click here.
Meanwhile, corporate profits as percentage of GDP are at an all-time high. Think that’s just a coincidence?