Americans say the economy stinks. But they’re spending like it’s great | CNN Business
Americans say the economy stinks. But they’re spending like it’s great | CNN Business
There’s a conundrum that economists and political strategists have been chewing on for more than a year: The economy is good, but Americans say it’s lousy.
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People are spending more because everything is substantially more expensive, you obtuse peanuts. People are dipping into their savings because they're running out of money.
Who has savings?
He means credit card debt
I've still got like 80% of that stimulus check from a few years ago. Interest alone kept me going for quite a while.
Look at Mr. Moneybags over here who got a stimulus check
Interest on $1200 (I forget how much it was) kept you going for a while?
How could it not?
You buy one 20 pound bag of rice and one 20 pound bag of beans and then canning supplies and you sell limited edition holiday dried and rice bean mixes. When you sell out, you buy 40 poinds of each.
Within 5 generations you have now become the rice and bean king of New Hampshire and have only spent $40 of your initial stimulus seed fund.
True, I remember my days as rice and bean king quite fondly.
Exactly! You remember those math problems where Walter went to the store and bought twenty 40lb bags of rice, and x 50lb bags of beans? That's where I got the idea!