I cross-posted my commentary about the need for the rich to go on a shopping spree on Facebook yesterday.
It caught the attention of the president of Yankelovich, one of the world's leading information and research companies. He wrote the following:
We've got the hard data you're wishing for, man. Just released. You're dead on target here. The rich cannot sit this one out. If for no other reason than unemployment is the biggest threat to domestic security these days. If you think the French Revolution was hard on the aristocracy, wait until you see what happens if global unemployment doubles from its current levels. From upper crust to dead meat. This recession is the biggest national security problem in America right now. Anyhow, the only way out of this mess is for people to spend. Even with the credit crisis fixed, if people don't spend, the economy remains crippled. And the only people who can spend enough right now are the people you're talking about.
I couldn't have said it better myself.