CNN is currently running one of their ‘Road to Recovery’ pieces. Like they would have called it that if a Republican was in power, but that’s not the point tonight.
They keep harping on about ‘consumer confidence’. People aren’t spending as much. Retails sales are down. Five percent. This is a bad sign.
They note one reason is this is because people are saving more.
So why, CNN, when America has a $60+ trillion debt, is that such a bad thing?