General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWTF?!? NOT the Onion! "Grand Central: A Letter to Stingy American Consumers" from the WSJ
http://blogs.wsj.com/economics/2015/06/02/grand-central-a-letter-to-stingy-american-consumers/Dear American Consumer,
This is The Wall Street Journal. Were writing to ask if something is bothering you.
The sun shined in April and you didnt spend much money. The Commerce Department here in Washington says your spending didnt increase at all adjusted for inflation last month compared to March. You appear to have mostly stayed home and watched television in December, January and February as well. We thought you would be out of your winter doldrums by now, but we dont see much evidence that this is the case.
You have been saving more too. You socked away 5.6% of your income in April after taxes, even more than in March. This saving is not like you. Whats up?
more crap like this at the link.
zazen
(2,978 posts)valerief
(53,235 posts)Tierra_y_Libertad
(50,414 posts)csziggy
(34,140 posts)raccoon
(31,135 posts)the above.
Demeter
(85,373 posts)We are the Army of One, bootstrapping the Economy all by our onesies.
It is insane, but that's what happens when the scum rises to the top.
TampaAnimusVortex
(785 posts)magical thyme
(14,881 posts)MineralMan
(146,351 posts)Thanks for your attention.
HooptieWagon
(17,064 posts)The 1% has done taken it all. Talk about tone deaf...
Wellstone ruled
(34,661 posts)Ask the average working Joe or Jane and they will tell you this. They ain't saving any 5.6% more,instead they are eating a 6-7% increase in retail prices especially food costs. There is not a so called consumer savings from lower Gas Prices. Every thing else has increased at least 6-8% and with all the new pass through fees on your utilities and other house hold expenses.
RB TexLa
(17,003 posts)All it takes is understanding that others don't deserve to have you give them your money.
Wellstone ruled
(34,661 posts)You are as rare as hen's teeth. We volunteer helping other Seniors live from month to month. We see first hand what the real story is. Many of our senior acquaintance's are not seeing their positions improving and in fact they are loosing ground monthly. Good luck to you.
peecoolyour
(336 posts)WSJ headline: "Whoa, whoa, whoa, settle down, America!"
hifiguy
(33,688 posts)We're gonna need a lot of it.
magical thyme
(14,881 posts)1:47 pm June 2, 2015
PissedOffAmerican wrote:
Greetings, Clueless Wall Street Apparatchik.
Apologies for not spending more. Truly, I am very sorry that i didnt start this project earlier.
I am currently saving to buy some lumber for a scaffold, then will need to spend some more $$ for a steelworker to fabricate the blade. Once my resulting Guillotine is functional, I will be sure to bring it to Wall Street for some testing.
Care to volunteer?
Cheers,
AngryRabbleInTheStreets - coming to a street corner near YOU!
1:48 pm June 2, 2015
Charles wrote:
Dear John EFF OFF AND DIE
1:49 pm June 2, 2015
Guy wrote:
have lost faith in the system The crooks were reward with trillions in print money for breaking the financial system. The people responsible for justice were rewarded with 8 figure jobs from the crooks running the banks. The same crooks are still running the same crooked mega banks.I didn't receive a dime from the printed trillions! Savers have been STOLEN from for 7 years. I don't happen to be a IPO ZERO revenue company sitting on a billion in stock. PEOPLE KNOW THE FED HAS BEEN BOUGHT! Please explain the punishment meted to those that broke the financial system! We have a CRONY ECONOMY... People know it is another BUBBLE!
1:59 pm June 2, 2015
jeffefh wrote:
Maybe the stingy employer should raise the consumer's wages? Just a thought. You've got your Ivory Tower glasses on John. Look out the window from time to time.
2:00 pm June 2, 2015
Dammerung wrote:
Dear Fed Jackass
Yeah, how DARE I save any of the meager earnings left over after paying $1700 in rent for a one bedroom apartment and $600 a month or more on groceries? How DARE I prepare for an uncertain future and not totally trust your cross-my-heart-and-hope-to-die promises that you'll pay all my medical needs and for my eventual (like that's going to happen, ha!) retirement. Oh well at least I HAVE a job unlike a lot of my friends, and at least I don't have any student loans to pay off like almost my entire peer group thanks to the generosity of my parents.
In conclusion, you've got a nice neck but wouldn't it look better dangling from a lamppost?
Love, Millennials
2:08 pm June 2, 2015
Tex wrote:
Yet another elitist who appears to be completely out of touch with middle-class America.
2:12 pm June 2, 2015
hmm wrote:
Still looking for "The Onion" title. Did The Onion steal the wsj domain name? So confused. This can't be real. If it is, well, wtf?
2:14 pm June 2, 2015
mynamett@yahoo.com wrote:
I see that there is two comments calling for social revolution and the death of the elite that is now running the corporate fascist political country.
2:14 pm June 2, 2015
Mike K. wrote:
if your economic model looks on personal after tax savings as bad - you are an agent of the state and the banks, not the people.
It is an idiotic, cynical view of what people should do with their money.
Jefferson23
(30,099 posts)*Once my resulting Guillotine is functional, I will be sure to bring it to Wall Street for some testing.
Two of my favorite signs, from back in 2008
Duppers
(28,134 posts)F 'em WStreeters.
magical thyme
(14,881 posts)2:22 pm June 2, 2015
Vol wrote:
Let's see, force ZIRP on the people so they have to save even more to avoid eating cat food in 'retirement,' reward financial industry crooks with guaranteed profits with no value added to society. As for 0% loans, they don't exist. A good deal on a credit card is 11%. Go F yourself, liar.
2:22 pm June 2, 2015
Miguel wrote:
Is this a joke?
2:23 pm June 2, 2015
STIMPY wrote:
dear jon (u tool)
don't give me this crap that ZIRP/QE was for US. it was for wealthy, the elite, the banks and wall street. meanwhile for the rest of us, inflation runs rampant, jobs continue to get cut, those of us lucky to work suffer wage freezes. then the illegal alien invasion cometh. yeah, good times for all. moron.
2:26 pm June 2, 2015
Ln X wrote:
Your duty is too spend every dime to prop up the economy and the exponential growth model.
Welcome to the machine.
2:27 pm June 2, 2015
Retired Accountant wrote:
I made the mistake of saving for my retirement. I planned on an interest income. Seven years of zero interest has my income near zero. So John how exactly am I going to spend? I would if I could..
The Fed has it wrong. You can not borrow yourself out of debt. You can't give to the rich freshly printed money without creating income inequality. Central control of the price of money is not a feature of a free economy. Punishment for white collar criminals is absolutely necessary for a free economy. John, when you find yourself in a hole the first thing to do is stop digging. The Fed has been digging now for far too long.
2:30 pm June 2, 2015
rufusmcbufus wrote:
Wow, there sure is a lot of love out here for John. I'd love to join in that love. I'd like to start the festivities by stabbing John in the eye. Who's with me?
-rufus
2:35 pm June 2, 2015
Lynch Mob member in waiting wrote:
Jon,
You need to get out more often. Judging from the comments, there are a WHOLE lot of angry people out there. (Psst - you might want to let Janet know that the next time you talk - I mean, the next time she leaks Fed news to you. I know she's as out of touch as you are.)
2:38 pm June 2, 2015
Eyes wide shut wrote:
It couldn't be more obvious why, but since there are no real journalist any more only activists. I refuse to waste my time explaining it to one such as you because you are part of the problem. I will give you this one piece of advice though...stop sleeping with Obama and the FED and open your eyes they have been shut far too long.
2:38 pm June 2, 2015
NSA wrote:
Yes, thank you all for contributing to my collection efforts. Your responses have all been collated and cataloged. Please move along.
2:40 pm June 2, 2015
pruritis ani wrote:
It's not saving...it is saving for a rainy day. Been through two crashes as I am young. I do not trust that giving my hard earned, blue collar earned cash to some rich stock broker will save me from another year of living on beans.
2:40 pm June 2, 2015
NSA wrote:
To be clear, this is not a government agency posting. I am not a government agent. (can't be too sure, don't want to violate some kind of impersonation law).
2:41 pm June 2, 2015
longlamppostsandboiledrope wrote:
Wall Street/Fed propagandists do not get to write satire about Wall Street/Fed propaganda.
What a disgusting display of arrogance by the wsj. The person responsible for allowing this to go to print should be fired. The person who wrote it is just an empty douchebag.
hifiguy
(33,688 posts)historylovr
(1,557 posts)ROT
moondust
(20,027 posts)You need to contact the handful of people who have amassed all the money by savaging the middle class over the past 35 years in order to maximize profits and boost their stock prices. They're the only ones left with the money to keep your unsustainable economic model from imploding, and they already have sixteen microwave ovens, twelve luxury sedans, three yachts, and several mansions. They'll probably be needing some bigger warehouses to store all that excess stuff that today's minimum wagers can't afford to buy, so there's an investment tip for you.
IDemo
(16,926 posts)longlamppostsandboiledrope
Lynch Mob member in waiting
Central Wanker
Eyes wide shut
Jon is Dumb (re: the author of the garbage piece)
tblue37
(65,552 posts)AngryRabbleInTheStreets
Still, I can't help but think the piece is intended as satire.
hatrack
(59,606 posts)Hey Jon:
A couple of hints:
1. Get Your Overpaid Ass Out Of Manhattan - You don't have to go too far. Pretty much anywhere in upstate New York, rural Pennsylvania or the smoldering rubble of Camden, New Haven or whatever remains of what was once America's industrial heartland. You'll find lots of things of economic interest- plenty of garage sales, empty retail space eagerly awaiting that next bold small-town entrepreneur, payday loan stores and gutted machine shops with empty parking lots. Check the local police reports for meth arrests, drive by the sparkling new county jails, and be sure to drop a buck in the can at the Quickie-Mart for the local boy/girl in need of kidneys/chemo/rehab/a liver - your generosity sure is appreciated!
2. Try Spending Some Time W. People Who Make Less Than Seven Figures Per Year - It's not hard. There are lots of us. We don't bite or smell bad, and you might learn something. Well, probably not, since it's hard to hear people talk when your head is as far up Lloyd Blankfein's ass as it is, but it might be worth a try. It also might be edifying for you to spend some time with people who aren't sociopathic f-sticks determined to spend their lives getting the very last bites off the carcass, or to die trying.
3. Take A Long Look In The Mirror. Then draw back your fist, smash the glass, pick up a chunk and do us a favor by cutting your own throat. Make the world a better place - I KNOW you can!
JHB
(37,166 posts)Same content at half the cost. Guaranteed same quality. Call me.
joeybee12
(56,177 posts)DonCoquixote
(13,616 posts)Do you know the American economy is counting on you? We cant count on the rest of the world to spend money on our stuff. The rest of the world is in an even worse mood than you are. You should feel lucky youre not a Greek consumer. And China, well theyre truly struggling there just to reach the very modest goal of 7% growth
PURE....DRIVEL, also note the way he tried to state 2nd mortgages were just stupid fools instead of people paying medical bills.
workinclasszero
(28,270 posts)WHY U NO EAT CAKE?????
Rex
(65,616 posts)jump...
onecaliberal
(33,008 posts)Revanchist
(1,375 posts)If this paragraph doesn't clue you in that this is satire then I don't know what to say.
magical thyme
(14,881 posts)2:41 pm June 2, 2015
longlamppostsandboiledrope wrote:
Wall Street/Fed propagandists do not get to write satire about Wall Street/Fed propaganda.
What a disgusting display of arrogance by the wsj. The person responsible for allowing this to go to print should be fired. The person who wrote it is just an empty douchebag.
Which is why I asked them if they were mocking us. They don't get to fucking play the Onion.
Skittles
(153,310 posts)I think they really are unsure why people are not spending like it's the 90's again
IDemo
(16,926 posts)If this was intended as satire, it was to evoke the laughter of the investor class over the pain of the non-Ivory Towered.