I recently saw this movie about this rich guy named David A. Siegel whose timeshare business, Westgate Resorts was very badly impacted by the 2008 economic collapse.
Near the beginning of the movie Mr. Siegel mentions that he had a hand in George W. Bush winning the 2000 Presidential election. The same President whose economic policies that led to the "Great Recession" at the end of his second term in office. Based on what he said in the movie, I think Mr. Siegel should be subject to a criminal investigation, but I doubt anyone would take up that cause thirteen years after the alleged fact.
Now Mr. Siegel is a guy that in my opinion should wake-up and realize the importance of Keynesian economics, which basically states that the masses need to be employed and have enough money to feel confident enough to make purchases in order to pump more money into the economy which allows the economy to then in turn grow. When they do not have money, they cannot afford to invest in things like timeshare resorts and no bank will give them a loan no matter how desperately they want to do so.
Mr. Siegel and the other heads of businesses and industries that depend on the fact that the masses need money to spend in order for their businesses to be profitable should be lobbying the American government to return to Keynesian economics to keep people employed and ready to spend money. Instead they are just riding things out and hoping that the governments usual supply-side response (or non-response in some cases) will rectify things. Well, it hasn't in five years and most likely won't any time soon.
According to his wife Mr.Siegel's wife, Jackie, in an August 27, 2013 Orlando Sentinel article written by Hal Boedeker, Siegel was able to salvage his business by selling one of his properties, therefore he was able to come out if this with only some damage to his business and the mega-mansion that he is building will continue to be built in spite of the minor setback depicted in the film. Therefore I am very doubtful that Mr. Seigel or any person of means will come out on the side of Keynesian economics anytime soon.
If you have a Netflix streaming subscription, at the time of this posting, the movie is currently available for streaming.
You can also buy it from Amazon.com here:
or the physical DVD from Amazon here:
Really worth checking out, if you are interested in finding out more about what is really wrong with this country.
