The economy is recovering and the Dow Jones and Wall Street are soaring yet people say we're being lead by a Communist and/or Socialist and/or Kenyan.
Right.
Showing posts with label economic recovery plan. Show all posts
Showing posts with label economic recovery plan. Show all posts
Sunday, February 3, 2013
This rotten, very Capitalist economy, thanks to the Communist leading us
The economy is recovering and the Dow Jones and Wall Street are soaring yet people say we're being lead by a Communist and/or Socialist and/or Kenyan.
Right.
Thursday, December 30, 2010
A silver lining to this economic cloud?
Just so we're not that gloomy, there's this:
It’s a perennial: nearly every recession leads pundits to proclaim that the job market is facing structural challenges, and that higher unemployment is here to stay. During the 1981-82 recession, now seen as a classic cyclical recession, the economist Barry Bluestone warned that, as a result of structural issues, there might not be “much recovery in terms of overall employment in the United States.” Yet, by 1984, unemployment was back to where it had been before recession hit. A 1964 survey of economists found that more than half believed structural issues were playing a significant role in limiting the number of jobs; three years later, unemployment was below four per cent. And, during the Great Depression, even F.D.R. thought that unemployment might well be stuck at a permanently higher level. Recessions are, among other things, crises of confidence, and one manifestation of lack of confidence is the conviction that this time we’re not going to be able to climb our way out. --James Suroweicki, The New Yorker Magazine
So it may not be "the end of the world as we know it", folks. Let's let calmer heads prevail.
Link to original post: http://www.newyorker.com/talk/financial/2011/01/03/110103ta_talk_surowiecki
It’s a perennial: nearly every recession leads pundits to proclaim that the job market is facing structural challenges, and that higher unemployment is here to stay. During the 1981-82 recession, now seen as a classic cyclical recession, the economist Barry Bluestone warned that, as a result of structural issues, there might not be “much recovery in terms of overall employment in the United States.” Yet, by 1984, unemployment was back to where it had been before recession hit. A 1964 survey of economists found that more than half believed structural issues were playing a significant role in limiting the number of jobs; three years later, unemployment was below four per cent. And, during the Great Depression, even F.D.R. thought that unemployment might well be stuck at a permanently higher level. Recessions are, among other things, crises of confidence, and one manifestation of lack of confidence is the conviction that this time we’re not going to be able to climb our way out. --James Suroweicki, The New Yorker Magazine
So it may not be "the end of the world as we know it", folks. Let's let calmer heads prevail.
Link to original post: http://www.newyorker.com/talk/financial/2011/01/03/110103ta_talk_surowiecki
Sunday, February 22, 2009
President Obama's weekly radio address 02.21.09
Sorry I haven't posted for a few days, folks. I was out of town on a short vacation for a few days. I'll be writing later today.
Saturday, January 24, 2009
Sunday, December 7, 2008
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