A rebuttal to the rebuttal to my pro-Lamont op-ed
by ElihuBen
Thu Mar 02, 2006 at 05:38:16 PM PDT
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Ned Lamont spoke last night (Monday, 2/27/06) to a meeting of the Yale Democrats and the Yale community at large. Here is a summary of what he said, interspersed with some of my own comments. He made a very good overall impression on the crowd of 80-100 people, mostly students. He gave what is becoming his standard stump speech, followed by a brief Q & A session. I think that he's getting very good at telling the crowd who he is, what he's about, and why Lieberman has to go.
"But the portion of income that Americans save each month, on average, has now fallen to zero, according to the government. That leaves families with scant cushion; if the savings rate were higher, people could cover rising energy costs by cutting back on the amount of money they set aside."
seriousy. 0% savings rate. Savings has to equal investment. If domestic savings = 0%, then that means that 100% of investment comes from abroad. Why has this not gotten more play on the air? How on earth can anyone in their right mind think that such a lack of savings is sustainable??!! And, most importantly, how can consumption/savings patterns be altered?