Consumer Spending in U.S. Slows as Incomes Fall


Consumer Spending in U.S. Slows as Incomes Fall – Bloomberg.

The drop of the stocks happen from day to day. Tthe unemployment rise has been going on for the last two years. But make no mistake: The decline in real wages has been a long term trend that started during the Reagan administration and exacerbated duiring the 1990’s and the first decade of this century.

And both political parties have been accomplices in carrying out what appear to me policies  which reflect an inexplicable desire to lower the standard of living of the majority people who vote them to office.

Advertisements