Consumers bearish in May


http://www.bloomberg.com/news/2011-06-27/consumer-spending-in-u-s-unexpectedly-stagnated-in-may-as-prices-climbed.html

This is not due to the fuel prices, or the Japanese earthwake, or the excess of rain. This is due to a much deeper and pernicious set of factors: stagnant wages, difficulty in borrowing, and overall pessimism about the current situation.

There is a crisis of confidence in the government and what is worse; people see no alternatives and are sort of resigned to the prospect of a frightful future.  The two-party monopoly on power is bankrupt. We need more options than bad and worse.

We can start a renaissance, right here in New Jersey, but only if voters abandon the old adage that voting for a third party or an independent candidate is a waste of time.

That is what the two dominant parties want you to believe.

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