hoarding\u201d cash in their checking accounts<\/a>, rather than invest in the stock market.<\/p>\nThe analysts quoted in the story say the economy is wonderful, the recession is over, incomes are up so people should be spending like crazy but those darn backwards fearful idiots aren\u2019t even putting money into savings accounts that pay .0000025% interest, they\u2019re leaving it in checking.\u00a0 Morons.<\/p>\n
Or, it could be that ordinary Americans hear the phony economics reports but see the economy around them and choose to believe their eyes.\u00a0 The economy is not wonderful. \u00a0The fact they\u2019re claiming it is, provides evidence we cannot believe them.\u00a0 A bigger nest egg is a wise precaution.<\/p>\n
Next up, watch for Liberal politicians to suggest that banks should assess a \u201csurplus savings surcharge\u201d on hoarders\u2019 bank accounts, then deposit the proceeds into the accounts of non-profit companies ostensibly working for low-income clients but actually donating to Democrats.<\/p>\n
Joe Doakes<\/p><\/blockquote>\n
Today’s quips are tomorrow’s Elizabeth Warren bills.<\/p>\n","protected":false},"excerpt":{"rendered":"
Joe Doakes from Como Park emails: \u201cHoarding.\u201d\u00a0 Americans are \u201choarding\u201d cash in their checking accounts, rather than invest in the stock market. The analysts quoted in the story say the economy is wonderful, the recession is over, incomes are up so people should be spending like crazy but those darn backwards fearful idiots aren\u2019t even […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,74],"tags":[],"class_list":["post-63815","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-the-great-recession"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/63815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63815"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/63815\/revisions"}],"predecessor-version":[{"id":63821,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/63815\/revisions\/63821"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63815"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}