It’s The Economy, Stupid!
So in California, the Governor wants to roll back the wages of 200,000 state workers–those who provide our most essential services to our communities–all the way down to minimum wage.
WHAT?
In no way would this benefit the economy in California, particularly since California’s budget depends on consumption. Thats right, sales taxes. And the last time I checked you need to have money to spend on a product in order to produce sales taxes. It’s clear that state workers are a large body of consumers in the California economy. More importantly, how does this not make national news? It clearly represents regressive economic practices.
The Issue: the Governor assumes you don’t have a clue about the economy.
WHAT?
Next, I read oil prices are down! What? How can we forget the fact that in 2007 oil companies made billions of dollars in profit. Our response was that we paid more for our gas. Why? Because we have all forgotten the basic principles of supply and demand. Or, better yet, the corporate leaders continuously remind us the “invisible hand”. You know, the one that’s always in our pocket…we can’t see it, but we can feel its impact.
Let’s not forget the power of the consumer and the fact that each of us can dictate the direction of the economy by “saving” more.
WHAT?
IT’S A STUPID ECONOMY
