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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Wednesday, August 05, 2009

Wealthy Americans Unholster Their Weapons

While Obama sells socialism, affluent citizens aren't buying.
By Dan Kennedy
Business & Media Institute

The resistance is well underway.

Affluent Americans – defined as the top 20 percent of U.S. households by income – spent about 10 percent less in 2008 than they did in 2007, according to a study by luxury-goods researcher Unity Marketing, quoted in Research Alert, July 3, 2009. And those households with incomes of $250,000 or more are cutting back on spending even more than all affluent households overall. 54 percent of these consumers are spending even less in 2009 than in 2008.

Those $250,000+ earners, threatened directly and demonized by President Obama are retaliating with their most powerful and damaging weapon: not spending. It is a quiet, deliberate, determined, very real resistance. Read more.


1 Comments:

  • You actually think people would not spend money because you wingnuts think the president is a socialist? Quite bizarre, and very arrogant.

    By Anonymous Anonymous, at 8:07 PM  

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