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....this is a depth of inefficiency so bad that if performed at sea it could be reached only by bathysphere....
Fabulously hilarious (and accurate)!!
What's wrong with the US economy?
The artificial mountain of advantage of being the only intact surviving industrial power after WW2 has disappeared in the rising tides of the global economy, automation and computerization.
Where was it written that the US must remain with wages and benefits higher than the remainder of the world? The naive belief in American exceptionalism seems to run especially deep in economists who had most of the their theories developed in the post-WW2...
It is a pathetic lapse in logic to think that the "glory days" of America can be recaptured with fewer taxes and regulations.
The "glory days" were made with steadily rising wages and benefits with ever increasing economic security across wide swaths of the population.
Falling wages, greater insecurity, more concentrated wealth, all are just fine with conservatives. Somewhat different than how America became great.
The issues are bigger than what can be handled with...
The picture at the top captures the fact-resistant and willfully misinformed nature of many of the Tea Partiers.
Birther? C'mon get a grip on reality!
And the guy, obviously, is at the the age of receiving Medicare and Social Security and supports a team that received tax-payers money for their stadium over the vocal resistance of tax-payers.
Socialism, indeed!!
...Teddy Roosevelt was the original RINO...
No, how about Lincoln? A RINO that "liberated" the property of honest plantation owners...
Can't get much more big government than that.
Get over it, the current definition of Republican is a pathetic shade of puke of its former glory.
I guess a philandering, flip-flopping, Catholic is preferable to to a faithful, flip-flopping Mormon.
(quote)
Nancy Pelosi to TPM: “One of these days we’ll have a conversation about Newt Gingrich. I know a lot about him. I served on the investigative committee that investigated him, four of us locked in a room in an undisclosed location for a year. A thousand pages of his stuff.”
(end quote)
The participation rate is a better measure of how employment/unemployment is going.
See:
http://research.stlouisfed.org/fred2/series/CIVPART
We are back to the early 80's now.
By the way, the fall in unemployment has more to do with people falling into the category "not in labor force" than with gains in employment. Eventually, with no change, the unemployment rate will approach "normal" as people fall of the end of their unemployment.
120K jobs added? Still not enough to offset growth in population. The labor force participation rate s still falling.
Squeezing the balloon....
Property tax increase? How about $380 million more this year?
By the way, the $876 million surplus is 2-1/2% of the total budget. Kind of within rounding error.