I like this graph best.
I didn’t know that the 2000 recession start under Clinton, and that the world trade center bombing just exacerbated it. Interesting.
If evidence of fraud was beyond a reasonable doubt, I am sure Obama’s Justice Dept. would be all over it. Wouldn’t they?
Look at Madoff, Petter, etc.
Terri’s variation from the typical DFL stand on this topic got me to vote for her last time. Lynnell and Terri likely share a lot of common ideas…
I would say they need marriage counseling…
On the upside if you are correct, then the 2014 elections should fall towards the Democrats. However I am far from a billionaire and I see the Democrat’s “government mandated wealth redistribution” platform as problematic. So we will see.
Causation vs Correlation… As we have discussed before.
Labor’s decline has much more to do with globalization, low transport costs, recovered competitors (ie Europe/Asia) and American’s buying foreign to save money than any conspiracy.
There are many factors contributing to the problem. I give Teachers and the Union a lowly 20%, however it is a 20% that is easier to fix than the other 80%…
Search Teachers, Education, Luck, etc at G2A for many answers and open discussions. Unfortunately you will likely disagree with them.
I am not sure “send us more money” would be considered reform. However I am always willing to listen.
Please share with us what you would do to “reform” the status quo schools?
Just curious… I just saw on the news that Bachman and Paulson were going to refuse their checks, and Ellison was going to cash his. Is this a corp media conspiracy, or is Ellison really going to do this?
Apparently it sounded better than it was… The House, Senate and President all had to pass budgets. They didn’t have to reach consensus though… (ie how do you know when a politician is misleading you…)
If you were the GOP, how would you get the Democrats to reduce government spending? How would you get them to back away from these more “socialistic” concepts like public healthcare and retirement benefits that far exceed what was contributed?
Or would you just roll over and give them your credit card?
Remember it is not cash/check, this is debt that has to be paid back by someone.
Remember prohibition… It came and later went.
I am indifferent regarding Obamacare, it came and it may go… Only time will tell.
It seems to me I remember the GOP folks agreeing to raise taxes on the well to do. And I believe they agreed to fund OCare if it’s implementation was delayed a year. Just like some of it’s other aspects. Give and take at it’s finest.
Though I would need to some research to identify the other areas where they have given ground.
Reminder: Clinton had the tech bubble, the no fly zone and Y2K going for him.
The page 3 graph seems misleading then, it looks like job were booming from 2003 to 2008. And I know business at my previous company was incredible during that period. Remember that’s why stocks were doing so great.
So losing millions of dollars, and in many cases their jobs isn’t punishment.
Have we charged any of the defaulting home owners yet. If they had not defaulted, this also would not have happened…
So you are saying the Teachers and Education Minnesota are perfect and that we just need to give them more money?
It seems we did that for decades and decades (ie MN Miracle), and look at the achievement gap we currently have. The reformers aren’t gaining support because of those “billionaires”, they are gaining steam because for 30+ years the “status quo” has led to some poor results. And tax payers are not satisfied.
Will it work as well as the no budget no pay act… Whatever did happen to this?
I hope so, look at how their stock price got trashed and the settlements just keep coming. On the upside it gave me a great opportunity to buy BAC at $6.00. (yippeeee)
Not much improvement in the savings rate. Too bad, I was hoping something positive would have come of this.
28 pages…. You have got to be kidding… Well I printed and skimmed it.
My first impression is that they are basing their views off an unrealistic benchmark. Though many here will disagree, things were really booming from 2002 to 2008. We were supporting 2 wars and a housing bubble, and companies were struggling to keep up. (see figure A) Therefore they expanded aggressively.
I am not quite sure why these Keynsian economists think that the GDP should not correct occasionally. Their argument seems to be that we should have unlimited demand no matter how much capacity we have built into the system, or how many dollars we consumers choose to send overseas. Maybe if we just brought in more immigrants and built more factories our “theoretical GDP” would be even higher, then the “theoretical lost GDP” would be even larger…
I thought it was interesting that we are only short ~9 million jobs… If we deported our ~20 million illegal immigrants we would actually be short workers. It wouldn’t do much for the GDP, but it could do wonders for the unemployment rate. Especially since the unemployment rate is shown as highest among the poorly educated.
Remember my strong Buy American belief. If American citizen’s don’t choose to pay extra to Buy American and support higher American wages, there is nothing the government can do to improve things.
Now should I buy those Goodyear tires, or those Bridgestones / Michelins and save a few bucks…
I will print and read it if you remember their bias.
I for one am happy to see a voice for common sense on this blog, however I am thinking they are more likely to vote you off the island than to listen… (ie as you can tell by Eric’s ready list of excuses…) Good luck and I’ll be happy to join in.