Along with the other usual daily propaganda that hits my inbox, I got an email that begged me to sign a petition to tell the Fed not to raise interest rates. Though the left has been in the tank for trickle down economics for a long time now, I felt like there probably could not be any better sign that it is long overdue to raise rates.
For years now, we have been subsidizing those who make a living off the markets. I'm not going to rehash this. But, I found it truly fascinating that after years and years and years of being fed pure bullshit by Greenspan et al., the intelligentsia of the left now believes in trickle down economics. IE, if we raise rates, we kill the opportunity for someone else to come along and create more shitty service jobs and crunch their face up in indignation when it's noted they are just creating more shitty service jobs that have no future whatsoever.
I've opined before that I believe it would be painful to those with assets to raise the strength of the dollar and start deflating the paper value of those assets. This isn't going to help the middle class in the short term, but then again, perpetuating this endless cycle of inflation for goods with no raises for workers while profits remain at ridiculous levels isn't doing a damn thing either. A stronger dollar for a person with money but no assets would give workers a teeny bit of power they don't have now.
I gave Bill Clinton the benefit of the doubt for falling for Greenspan like the rest of the world did. Now that that hack Greenspan is gone, it's time to start ending the perpetual subsidy for banks and investors. Maybe people who save money rather than spend it might actually be able to look forward to a day again when they actually get to make some money on their savings rather then just letting the free loaders in the bank live like the leeches they are.