I recently posted an article from the Fiscal Times on my Word Press blog, (JOHN BARLEYCORN) lamenting that Americans are saving money in traditional savings accounts at record lows.
When you consider the interest paid on these accounts to be less than one percent in many cases, this is the obvious problem. The fictional inflation rate supplied by the government was around 2.5%. Any of us who goes out to eat or grocery shopping knows that number supplied by the government is pure fiction.
Unless the quantitative easing, eases, and government spending recedes to to a more balanced level with revenues, we will get more of the same. The economy is in the doldrums because of government politicians meddling in things they have little talent to manage. We need a change in thinking from our nations capitol, not more of the same like we will get with another Clinton or Bush.