Suze Orman on CNN - she's been predicting since 2008

[gateley]

that we won't really begin to get our footing again until 2015.

She finds some fault with the jobs plans that have been tossed around, saying the majority of people out of work aren't construction workers so just having a fix the freeways type of thing wouldn't help everyone who needs it. Plan needs to be more comprehensive and inclusive.

She was against Obama's $250K/higher taxes amount, but fully endorses it beginning at $1M. She said her life hasn't been affected by this economic climate, and it wouldn't be affected if she had to pay an additional $50 or $100K a year in taxes. (She sounded like she makes a "few" million a year.)

She's a big Obama supporter and wants to see him reelected.

Just reporting if anyone is interested in her take.

[Tuesday Afternoon]

1. get vocal Suze. time to start stumping for your candidate. k&r

[Shagbark Hickory]

2. Of course she does. Obama is a millionaire's dream come true. nm

[Coyote_Bandit]

6. A million bucks

is a nice cushion that will buy you some time. Nothing more. Even with a million bucks and health insurance you can find yourself bankrupt. If all you've got is a million bucks then you need to keep working.

The wealth management industry doesn't consider anyone wealthy unless they have at least $25 million in investable assets. Anything between $5 million and $25 million makes you high net worth.

[Shagbark Hickory]

7. A million bucks aint shit precisely because millionaires like suze orman dictate policy.

[ThatPoetGuy]

3. Not sure if I agree with the point on roads.

The road workers, construction companies, etc., will have money to spend, as well as the materials producers. They'll spend that money going out to dinner and the movies maybe, which means restaurants and movie theatres won't close. The restaurants won't have to fire their waiters. The waiters won't have to cancel their magazine subscriptions, which means the magazines won't go bankrupt. The journalists won't have to sell off their stock to survive, which means the market won't take that hit. The magazine editors will be able to buy braces for their kids, which means the orthodontist will be able to buy that vacation home he's wanted, which means real estate won't devalue.

And on and on.

From roads? Yes. Could be any other American spending, by which I mean, anything other than giveaways to people who are likely to spend it abroad; i.e., the rich. The roads just have the side effect of keeping our nation's infrastructure strong.

[Zax2me]

4. So from 250k up to a million leave them alone? okay...

MANY people will not be satisfied with that.
That group also falls into the 'rich pig' category for many.

[BeyondGeography]

5. She doesn't own any stocks, just munis I believe

Doesn't see the point of all the volatilty when she has tens of millions to preserve.

No opinion on her predictions, but she's very smart and she's nobody's shill.

[TheDebbieDee]

8. "The majority of people out of work aren't construction workers

so just having a fix the freeways type of thing wouldn't help everyone who needs it."

I'm surprised to hear Suze Orman say something like this - she should know better!

New jobs cause a ripple-like reaction.....More employed construction workers (or workers of any type, for that matter) in any given community spend more money at various businesses and this causes the increased demand of goods and services that will trigger these businesses to hire more workers.

Unemployed construction workers can't frequent these businesses and spend money and trigger more hiring like employed construction workers can. Also, quite frankly, our roads and bridges, dams, etc., are in desperate need of repair. Do we really have to see another bridge collapse or see the damage from a collapsed dam to get the hint?