Bending the Third Rail
Because We Should, We Can, We Do
Cost of the War in Iraq
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Friday, December 22, 2006
Two Pictures ....
... are worth a gazillion words (click to enlarge):
The black vertical line is when Bush came into office ....
And this one:
Consumers have certainly been holding up their end of the spend spend spend economy. Corporations, on the other hand, aren't so stupid.
The black vertical line is when Bush came into office ....
And this one:
Consumers have certainly been holding up their end of the spend spend spend economy. Corporations, on the other hand, aren't so stupid.
3 Comments:
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What that chart suggests is that while profits are at record levels, corporations are banking the money and not spending it. Why would they do that? They are afraid of the economics of the future and are putting money away for a "rainy day", unlike consumers.