Quote:
Originally Posted by The Demon
The stock market rising is no real indication of economic health, only it crashing is. Furthermore, inflation adjusted, people have been getting negative returns for 10 years now. We won't be adding any real jobs anytime soon because we don't have a strong manufacturing sector. Furthermore, it WILL matter how much debt we have because if the Chinese, or the other emerging nations decide to start selling us back or Treasury Securities, we're fucked.
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Again, Job Bob the mechanic and his wife Sally, who are nice average everyday Americans don't give two shits about who owns our debt, what is happening with treasury securities, the deficit or the national debt. Obama took shit for it, but he got it right during the presidential campaign when he said that most people don't vote for a candidate based on their economic ideals because they assume they are going to get screwed no matter what so they stick to local things like guns and God and things that directly effect them.
If Joe Bob has a job, the stock market is doing pretty well and he sees that the unemployment rate is dropping, that is really all he cares about when it comes to the economy. Sure, there are a lot of people who do care and understand more about the economy, but most people don't.
Just listen to people who are interviewed on the street. Howard Stern did a great bit during the election where he sent one of his guys to Harlem to interview voters. As you can imagine, they were a very pro-Obama crowd. He asked them if they agreed with Obama on these issues. He then proceeded to read the people McCain's stance on those issues. It was amazing! Almost all of them agreed with everything the guy said, not knowing it was McCain they were agreeing with. Do you really think people like that need a whole lot of encouragement to vote one way or the other?