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bucolic_frolic

(51,473 posts)
2. Consumers have learned their lessons well
Thu Apr 11, 2024, 10:38 AM
Apr 2024
Home gigs and remote work have taught them that they do have choices and control and backup for their lives.

STIM has taught everyone that the government will back up the bad times. It still amazes me that households with 2 wage earners making $150K could not pay their bills and were given government stim for whatever it was - $2,000 a month plus $600 for each child? They had no plan for bad times? Congress couldn't figure this out? Oh, wait, Congress was grifting themselves PPP Loans that didn't require any payments.

Many inheritances arrived early from COVID deaths. Spend now while you're in the pink!

So yes, there is no longer any incentive to save for a rainy day. You earn you spend. You don't earn the government gives you cash and you spend, just a little more carefully. You make a lotta money you buy a bigger house and a vacation condo and one in Europe and more sports cars - they only last 100,000 miles anyway since everything is for today!

People are quite rational. And they learn well. Trumpers are rational too. They want hatred, they invest in hatred, they get hatred, and they feel good seeing others suffer. They live in the world of sin and like to see their beliefs as federal policy.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Interest rates aren't "high" Fiendish Thingy Apr 2024 #1
Truth. GoodRaisin Apr 2024 #6
Consumers have learned their lessons well bucolic_frolic Apr 2024 #2
I don't agree that people as a whole are quite rational Redleg Apr 2024 #3
They are rational to them. It's their DNA. bucolic_frolic Apr 2024 #4
Aha, I get it Redleg Apr 2024 #5
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