Washington simply has no clue how bad it is
Granted, they don't care about working class people either.
And that's a big part of the reason why they don't have any idea what is actually going on with 50% of the nation.
But it's important to understand that they live in a completely seperate world from you and I.
Even Wall Street wants more money for Main Street, yet conservatives simply are unable to do what is right for the country.
Weaker spending data could quickly evolve into industry-wide fallout if Congress doesn't prop up consumers, Jim Millstein, co-chairman of Guggenheim Securities, said Thursday.
"If those folks do not have continuing support, we're going to see a spike in delinquencies and defaults in consumer credit, and that will have some contagion effects across the banking system and across the variety of financial institutions who've supplied that credit," Millstein said on Bloomberg TV.