Gripe # 10 from the Saturday 02/04/2012 Wisconsin State Journal:
Jobs creation bumps stock market
Business
Section, Wall Street WiStJ: Headline: "Jobs data give stocks a boost"
Its kind of funny isn't it. Not funny ha ha either. Wall Street just
wants to make money. That is its job, right? Well, look at that. You
give people jobs and the news of said jobs gives Wall Street a nice
little bounce. Good. We got that covered. They just made more money off
of us. Ok. Now those folks that...
have those new jobs and money coming in what are they going to do with
said money? If I had to wager I'd say they are more than likely to
spend it. Ok. Good. The people have money to pay down their mortgages,
their automobiles, buy clothing, groceries, gasoline, and utilities.
Just about everything they need to continue to survive and eek out a
living in these United States. Right. Check. All that money they earn
will allow them to spend money to buy products which in turn makes
profits for companies that can pay dividends which gives Wall Street a
boner and gives stocks bump and makes them more rich. Its not very
complicated when you cut through the bullshit. You want to make money?
Put real money back into your company, give people jobs and maybe they
can afford to buy crap and make you more money. Even Henry Ford knew
this.
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