Misers Can End the Recession

The big secret is out. Politicians and the media were hiding the fact that American households have a net worth of over 56 trillion dollars. That is more than half the household wealth of the world. Those statistics come from the Federal reserve Flow of Funds Summary Statistics Second Quarter 2008. If there was a way to get the hoarders of those bucks to go on a long shopping spree the recession in the U.S. would quickly end. But our politicians fear talking to those idle saving account owners and their potential to stimulate our economy, they would rather increase the national debt than anger millions of cheap voters. Consumer spending determines the health of the economy not inflationary government handouts. Until some miserly Americans start digging into their over loaded bank accounts and start spending money our recession will continue indefinitely.