That was Bill's line

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Post #332,235 by drook 9/3/10 8:44:02 PM Reply	That was Bill's line recovery is gdp gains as opposed to losses it doesnt have squat to do with the unemployment rate. That sounds a lot more like what I'm saying. When the financial press -- and the financial reporters for the mainstream press -- talk about "the economy", they mean the owners' economy. And when they talk about recovery, you're exactly right that they're talking about GDP. That's what I meant when I said, "A recovery for the owners' economy is almost completely unrelated to a recovery for the workers' economy." -- Drew
Post #332,239 by boxley 9/3/10 9:17:04 PM Reply	bill is right a decently paid fully employed work force is a byproduct of an overheated economy on the verge of popping another bubble. There is no such thing as a workers economy. Now workers have a standard of living scale but it doesnt have anything to do with an economy. We could stage nationwide work to rule strikes and fight for living wages, cheap education, decent healthcare but november will show us the country would not be in the mood at all. but that really hasnt worked very well in the past, doubt it would work this time. The grocery unions are about to go on a major strike in the northwest, that may show us how things stand nationwide. Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #332,240 by beepster 9/3/10 9:24:30 PM Reply	With a line like that... it is quite clear that you will never grasp my point. There are NOT 2 economies. Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.

Felix: Fix the economy by increasing immigration. - (Another Scott) - (76) - Aug. 31, 2010, 07:52:05 AM EDT

how else are you going to fix social security - (boxley) - Aug. 31, 2010, 08:07:28 AM EDT

Think they may have causation a bit wrong - (beepster) - (74) - Aug. 31, 2010, 10:25:07 AM EDT

The biggest problem now is the housing bubble. - (Another Scott) - (73) - Aug. 31, 2010, 11:08:22 AM EDT

increased demand for housing? - (boxley) - (7) - Aug. 31, 2010, 11:31:48 AM EDT

You know what I mean... - (Another Scott) - (6) - Aug. 31, 2010, 11:46:13 AM EDT

take the inventory of fannie and freddie - (boxley) - (5) - Aug. 31, 2010, 01:28:00 PM EDT

Depends on how it's done. - (Another Scott) - (4) - Aug. 31, 2010, 01:47:24 PM EDT

Re: Depends on how it's done. - (SpiceWare) - (2) - Aug. 31, 2010, 02:22:20 PM EDT

Interesting. Thanks. -NT - (Another Scott) - Aug. 31, 2010, 02:36:18 PM EDT

"As we've gone through the lessons that we've learned ..." - (drook) - Aug. 31, 2010, 03:46:02 PM EDT

thats why lottery, no money involved - (boxley) - Aug. 31, 2010, 03:02:52 PM EDT

I'm finding this very funny... - (beepster) - (64) - Aug. 31, 2010, 02:35:42 PM EDT

And just in case that is too rosy a forecast - (beepster) - (55) - Aug. 31, 2010, 02:43:08 PM EDT

Why would a business invest if there's no demand? - (Another Scott) - (4) - Sept. 1, 2010, 08:01:00 AM EDT

true statement - (boxley) - Sept. 1, 2010, 08:13:28 AM EDT

You're getting there - (beepster) - (2) - Sept. 1, 2010, 10:35:39 AM EDT

Eh? - (Another Scott) - (1) - Sept. 1, 2010, 11:08:08 AM EDT

Krugman is wrong :-) - (beepster) - Sept. 1, 2010, 11:11:33 AM EDT

Companies are not "industry" - (drook) - (49) - Sept. 1, 2010, 09:42:01 AM EDT

Seriously? - (beepster) - (48) - Sept. 1, 2010, 10:42:25 AM EDT

Where you stand ... where you sit ... - (drook) - (47) - Sept. 1, 2010, 11:55:56 AM EDT

Not at all the same. They're only tangent linked - (beepster) - (46) - Sept. 1, 2010, 01:23:25 PM EDT

I did - (drook) - (45) - Sept. 1, 2010, 02:08:06 PM EDT

Different causation - (beepster) - (44) - Sept. 2, 2010, 02:01:42 AM EDT

You seem to be making a Supply Side argument. - (Another Scott) - (43) - Sept. 2, 2010, 07:55:29 AM EDT

Who is the customer? - (beepster) - (42) - Sept. 2, 2010, 09:30:33 AM EDT

What does that mean? - (drook) - (41) - Sept. 2, 2010, 09:39:12 AM EDT

dunno if you noticed, it aint the poor getting the checks - (boxley) - Sept. 2, 2010, 09:44:38 AM EDT

sigh - (beepster) - (39) - Sept. 2, 2010, 01:41:09 PM EDT

Why should I care about intra-industrial demand? - (drook) - (38) - Sept. 2, 2010, 04:04:00 PM EDT

Oh, and by the way ... - (drook) - (8) - Sept. 3, 2010, 07:59:39 AM EDT

Software? - (beepster) - (7) - Sept. 3, 2010, 12:57:48 PM EDT

Of course, focus on the *least important* part of that quote -NT - (drook) - (6) - Sept. 3, 2010, 01:26:43 PM EDT

What, - (beepster) - (5) - Sept. 3, 2010, 02:44:08 PM EDT

"Recovery means jobs" - (drook) - (4) - Sept. 3, 2010, 04:59:02 PM EDT

Re: "Recovery means jobs" - (boxley) - (3) - Sept. 3, 2010, 05:14:43 PM EDT

That was Bill's line - (drook) - (2) - Sept. 3, 2010, 08:44:02 PM EDT

bill is right - (boxley) - Sept. 3, 2010, 09:17:04 PM EDT

With a line like that... - (beepster) - Sept. 3, 2010, 09:24:30 PM EDT

You want jobs, correct? - (beepster) - (28) - Sept. 3, 2010, 12:55:34 PM EDT

That's not a point, that's an article - (drook) - (27) - Sept. 3, 2010, 01:41:53 PM EDT

Get this through your head. - (beepster) - (26) - Sept. 4, 2010, 02:43:16 AM EDT

Quit with the shorthand - (drook) - (25) - Sept. 4, 2010, 10:54:30 AM EDT

Re: Quit with the shorthand - (beepster) - (24) - Sept. 4, 2010, 05:24:49 PM EDT

So you completely disagree with the "two economies" premise? - (drook) - (6) - Sept. 4, 2010, 08:22:46 PM EDT

Absolutely - (beepster) - (5) - Sept. 5, 2010, 12:15:57 AM EDT

You're half right - (drook) - (4) - Sept. 5, 2010, 08:45:07 AM EDT

No, its not. - (beepster) - (3) - Sept. 5, 2010, 12:22:08 PM EDT

You're kidding, right? - (drook) - (2) - Sept. 5, 2010, 12:30:17 PM EDT

welfare food stamps unemployment compensation - (boxley) - (1) - Sept. 5, 2010, 06:26:44 PM EDT

Eh? - (Another Scott) - Sept. 8, 2010, 01:37:22 AM EDT

Big D. - (Another Scott) - (16) - Sept. 6, 2010, 08:39:56 AM EDT

To be honest - (beepster) - Sept. 6, 2010, 08:19:01 PM EDT

cheese - (boxley) - (14) - Sept. 6, 2010, 08:57:35 PM EDT

Talk to Sorros about that. - (Another Scott) - (13) - Sept. 7, 2010, 01:58:39 AM EDT

Central Banks >are< the market. -NT - (beepster) - (12) - Sept. 7, 2010, 08:42:49 AM EDT

<Boggle> I guess that's how George never made his $1B... - (Another Scott) - (11) - Sept. 7, 2010, 10:32:10 AM EDT

piggybacking a market isnt brilliant - (boxley) - Sept. 7, 2010, 11:00:46 AM EDT

He made it playing the market.. - (beepster) - (9) - Sept. 7, 2010, 03:24:22 PM EDT

And...? - (Another Scott) - (8) - Sept. 7, 2010, 03:34:29 PM EDT

Would he have made that money without central banks? - (beepster) - (7) - Sept. 7, 2010, 04:17:16 PM EDT

You're not getting it. - (Another Scott) - (6) - Sept. 8, 2010, 03:47:00 AM EDT

how very conservative of you :-) - (boxley) - (3) - Sept. 8, 2010, 08:38:26 AM EDT

This has nothing to do with the "Fair Tax". - (Another Scott) - (2) - Sept. 8, 2010, 10:02:29 AM EDT

from October 12, 2009 - (boxley) - (1) - Sept. 8, 2010, 10:38:49 AM EDT

Interesting. Thanks. (The rest of it is bogus, of course.;-) -NT - (Another Scott) - Sept. 8, 2010, 10:53:09 AM EDT

Oh, I am - (beepster) - (1) - Sept. 8, 2010, 09:33:24 AM EDT

Hmmm. - (Another Scott) - Sept. 8, 2010, 10:59:53 AM EDT

It's the same most places in First World countries. - (static) - (7) - Aug. 31, 2010, 07:42:50 PM EDT

This "free trade" mantra is a relatively new development. - (Another Scott) - (6) - Aug. 31, 2010, 10:22:06 PM EDT

The kos artlcle - (beepster) - (3) - Aug. 31, 2010, 11:33:48 PM EDT

I guess you missed the rending of garments about the tires.. - (Another Scott) - (2) - Sept. 1, 2010, 07:24:29 AM EDT

tires - (boxley) - Sept. 1, 2010, 08:18:14 AM EDT

No, I didn't - (beepster) - Sept. 1, 2010, 10:05:45 AM EDT

Not sure if you are advocating the article - (boxley) - (1) - Sept. 1, 2010, 08:20:25 AM EDT

He's saying that argument is wrong. - (Another Scott) - Sept. 1, 2010, 09:51:05 AM EDT

Excuse me while I go throw up.
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