So why is it a good thing if consumers spend a lot during the holiday season? Why does that correlate to a “strong economy”? Doesn’t that mean that Americans are just going deeper and deeper into debt?
It’s assumed that the mainstream media has a liberal bias. Yet, story upon story speaks about the excitement over a record Dow index or how well retailers will do this holiday season. This viewpoint seems to imply that strong earnings for corporate America translate into something wonderful for Americans, as a whole, to celebrate. The truth is, an econony that may be statistically strong does not mean most Americans are benefiting. It’s as if rooting for the economy is like rooting for a sports team. We’re supposed to feel good when it’s doing well, even though there is almost no tangible benefit for us.
I suppose that if the economy is going badly, then that’s bad news for everyone. It’s just that when the economy is doing well, it still probably means bad news for almost everyone.
