As we consider the various economic plans that are being proposed by Republican candidates, who says that lowering taxes will get people investing in the economy again, we'll take a look at some information that may just throw a wrench in that. The NYT reports that banks are currently flooded with cash, as Americans have taken their money out of risky investments, and decided to keep it all in bank accounts instead. The banks meanwhile are not lending, despite the large amounts of cash. And consumer confidence in the economy has now fallen to a two and a half year low. Pat Garofalo with ThinkProgress.org discusses.
Perry's Flat Tax Favors Rich 25th Oct 2011
Watch Online Pakistani Urdu Latest News Updates, Talk Show Video - Perry's Flat Tax Favors Rich 25th Oct 2011
As we consider the various economic plans that are being proposed by Republican candidates, who says that lowering taxes will get people investing in the economy again, we'll take a look at some information that may just throw a wrench in that. The NYT reports that banks are currently flooded with cash, as Americans have taken their money out of risky investments, and decided to keep it all in bank accounts instead. The banks meanwhile are not lending, despite the large amounts of cash. And consumer confidence in the economy has now fallen to a two and a half year low. Pat Garofalo with ThinkProgress.org discusses.
As we consider the various economic plans that are being proposed by Republican candidates, who says that lowering taxes will get people investing in the economy again, we'll take a look at some information that may just throw a wrench in that. The NYT reports that banks are currently flooded with cash, as Americans have taken their money out of risky investments, and decided to keep it all in bank accounts instead. The banks meanwhile are not lending, despite the large amounts of cash. And consumer confidence in the economy has now fallen to a two and a half year low. Pat Garofalo with ThinkProgress.org discusses.