Hmm. The media taught me for years that I was supposed to always hate the rich. (No justification is necessary.) Now this AP story below implies that I should sympathize with the fact that the rich also are impacted by economic conditions.
Rich begin feeling the pain in down economy By MARK JEWELL
The rich are sharing your financial pain — and contributing to it.
It may have taken longer and it may not be as acute, but there are early hints that the economic slump is crimping the lifestyles of the wealthy.
They are investing more conservatively, spending less on luxury goods and are being more thrifty with their credit cards. Many are asking their personal shoppers and private-jet travel providers to seek the best deals rather than over-the-top extravagances.
That news may produce a shrug from many people who have lost their jobs or homes in this economy. The problem is that when the wealthy get stingy, it trickles down to the rest of us.
So I guess the rich are bad when they spend alot and bad when they conserve their money. Gotcha.
Filed under: What Liberal Media? , economy, rich, wealthy, What Liberal Media?
