Working Life

The typical theme you might read in the papers goes something like this: the off-their-rocker Republicans (and they are) shut down the government because of a maniacal obsessive hate of Obamacare but the president and Democrats, particularly in the Senate, are just tough bastards and are holding the line. The problem is: the Democrats have already given in when you look at the big picture.

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A basic economic truism: if people don’t have money to spend, stuff won’t get bought. Sounds like a Yogi Berra observation? Anyway, it’s just another day showing why the idiots running economic policy are, well, idiots.

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   It is really sad that our country has gotten to this set of choices: Senate Democratic leaders again rejected calls by House Republicans to wield a "meat ax" in proposing cuts to the federal budget, saying they supported President Barack Obama’s strategy of freezing current spending for five years.[emphasis added]    One side, the […]

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   This is the news today: U.S. consumer spending was flat in June as incomes stopped growing and prices remained subdued, pointing to a weaker economy.    But, that should not be a surprise. Which makes this very curious:    Federal Reserve Chairman Ben S. Bernanke said rising wages would probably spur household spending in […]

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   I do not like to be negative. I’m actually quite the optimist, generally speaking. So, I admit to feeling uneasy that I’ve been presistently, regularly disbelieving about the talk of "economic recovery". I think that such talk ignores the actual FACTS and is largely driven by political imperatives–meaning, politicians who want to be re-elected […]

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