“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
on may 19, the usa today published a very short, very heavy piece explaining how "historically slow" was this recovery:
Job creation limps along after recession - USATODAY.comNearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the Great Depression.
The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in December 2007. That is by far the worst performance of job generation following any of the dozen recessions since the 1930s.
In the past, the economy recovered lost jobs 13 months on average after a recession. If this were a typical recovery, nearly 10 million more people would be working today than when the recession officially ended in June 2009.
in the three weeks since usa's seminal synopsis i have read or heard the phrase, "historically slow recovery" more than a dozen times via msm sources
i've comes across the deadly appellation, "double dip," more than two dozen times
awareness and recognition of exactly how far down we've fallen, as well as the headwinds we face, is universal and intense, literally depressing this economy
in my opinion a payroll holiday, which by definition is a reduction in the TAX ON HIRING, is too late
had a 2 year payroll holiday gone down in that determinative spring of 09 and---most signficantly---if it were TALKED ABOUT a lot, ie, promoted by this administration, we would not be where we are today
but it's too late now, i fear
the gravity of this particular economy as of late has become fully PSYCHOLOGIZED
the EMOTIONAL impact of this economy can be felt in cnn's poll last week that found 48% of americans EXPECT another GREAT DEPRESSION in the next year
the in-the-gut gravity or our situation can be seen in usa today's finding two weeks ago that americans "overwhelmingly" intend to "delay major purchases" for at least a year
when i saw that, i knew---there's no up, at least none within sight
the housing market underlies it all, it's in our neighborhoods, we pass the foreclosure signs on the way to 7-11
and the fed's announcement friday that qe is over, no more fed pumping of the bonds markets
those things are real, they're unavoidable like math
but i'm talking more about the MOOD of america, which is mired miserably in MALAISE
a very severe case of malaise
it's empirical in consumer confidence numbers, thru the floor and dropping
67% of american say we're in a recession---rasmussen yesterday
89% have a "negative view" of the economy---wapo/abc this week
a woeful worry is it affecting the dow
another totally out-there awareness i see, and this possessing the professional political class---there is physically NOT ENOUGH TIME for this employment picture to turn before the campaign
especially when americans are so DOWN
wsj said yesterday that americans who make between 31 and 72000 per year expect to work til they're SEVENTY TWO in order to have a 50-50 chance at being able to make their monthlies
the references to this psychologizing, this internalizing of our anemic economy are becoming ubiquitous, in my opinion
and hold on
Last edited by The Prof; 06-11-11 at 01:20 PM.
2) Government hasn't destroyed altruism society/culture has, slowly, over the since the 1920s. This is when you saw America transitioned from community/family centrism to individual is god.
I'm currently reading Road to Serfdom. I largely agree with it, but neither Ayn Rand nor Hayke anticipated the depravity that would be born of their moral philosophies. The more I read contemporary and post-WW2 philosophers the more I appreciate the wisdom of Adam Smith.
All of the half measures being bandied about are not going to solve the problems we face.
There has to an all encompassing program that addresses Corporate tax, incometax, capital gains tax, Gas tax, along with regulations that restrict growth and expansion such as stupid environmental laws, and include tort reform across the board to limit liability to reasonable amounts so that it hurt the defendant but doesn't put them out of business, unless they are crooks.
Open all the known oil fields but make sure the Oil Companies know they well pay 100% for any damages they cause, and make them pay enough taxes so that the people of what ever state it is get a check from the profits like in Alaska.
This would change the attitudes of people and allow then to spend with a little piece of mind. Until people stop feeling we are going the wrong direction they are not going to spend and until they do there is no reason for growth of any industry.
As recovery returns we can go back and address all the environmental issues as well as all regulations that were temporarily removed, but this all needs to be done in moderation using a logical approach without the radical extremist fear mongering and lies that run the Country too damn much.
Now all we need to do is find a Statesman who can understand these simple solutions and has the balls to argue for them and do it with conviction.
If someone pays down debts, what do credit card companies and banks do with that money? They lend it to others to make money with.
The difference between a corporation spending money and the government spending money is that the corporation earned it and the goverment stole it. Legally stole mind you, but stole nonetheless.
What you have to remember is that whatever money the government takes, that is money that someone else isnt pushing into the economy in some way. The government is essentially acting as a middleman and wasting money every time they touch it. They have no incentives to treat it as their own money---they can either take or make more.
Government stimulus can be described as inefficient trickle down that is channeled through whoever is cronies to the party in power at the time. With a government cut, of course.