Business and Wall Street agree: Republicans are killing the economy.

http://www.politicususa.com/2014/10/21/business-wall-street-agree-republicans-killing-economy.html

Although Republicans work tirelessly to perpetuate, and truly love, increasing the income inequality that is killing the economy, America’s retailers and bankers joined Democrats in agreeing the government must “constrict the abyss between America’s struggling 99 percent and the one percent.” According to recently released reports, both “Wall Street and Main Street (retailers) have endorsed the President’s economic principals to reduce inequality for the sake of the economy, and support Democrats as the solution to a robust economic revival.

For example, in a report last month titled Inequality and Consumption, Morgan Stanley economists said, “Despite the roughly $25 trillion increase in wealth since the recovery from the financial crisis began, consumer spending remains anemic. Top income earners have benefited from wealth increases but middle and low income consumers continue facing structural liquidity constraints and unimpressive wage growth. To lift all boats, further increases in residential wealth and accelerating wage growth are needed.” Republicans completely disagree and either resist consideration of raising the minimum wage or promote abolishing it altogether. According to the Republicans, increasing income inequality must continue and it is crucial that they convince the population that no wage is too low. It is a belief the Koch brothers espouse but it is rapidly losing favor in circles whose survival depends on a population of consumers.

Even though the main stream media is never going to report that businesses, banks, and Wall Street have endorsed President Obama and Democrats’ economic policies, even if it is for their self-preservation, there is no reason Democrats running for office should stay silent. American voters have heard President Obama say things like “a rising tide lifts all boats,” “the income gap is threatening the stability of the economy,” and the nation desperately needs a “high degree of rebalancing, increases in residential wealth, and accelerated wage growth.” However, if they heard it from Wall Street, banks, and the business sector, it may finally sink in that a vote for Republicans is a vote to destroy America’s economy and by extension, their own well-being.