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The Hoover Economy
Unemployment is down to 4.7%.
I blame George Bush. Having a robust economy is just an evil Rovian plot to retain Republican control of the Congress this fall.
Posted by Rand Simberg at September 01, 2006 10:19 AM
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Comments
How diabolical.
Posted by Cecil Trotter at September 1, 2006 11:43 AM
I'd definitely protest against this plot except, you know, I have a job and have more important things to do.
I wonder how this will get spun tonight on CNN?
Posted by Stephen Kohls at September 1, 2006 12:30 PM
It helps the figures a little that you've put everyone who is unemployable in prison.
Posted by Chris Mann at September 1, 2006 10:27 PM
There is more to an economy then a single statistic.
That we produce plenty of minimum wage jobs is a good sign
for the robustness of the retaila nd service sector.
That income growth has stagnated, that the percentage of
jobs with solid benefits continues to erode, and that
workforce turnover continues increasing means we have
fewer people in the middle class.
At current trends, the middle class will cease to exist in
another 15 years.
When i was a kid, most people supported a family on
one job. Now, it's 2.2 jobs per household to hang in there.
What amazes me is the Conservatives hold up the
1050's as the peak of american society, yet they do
nothing to establish economic conditions that allow
single income families to prosper.
Posted by anonymous at September 2, 2006 02:35 PM
Gee Ananymous Coward,
You think they might be working thoes 2.2 jobs for the RV, Pool, Three Big Screen TeeVees, Two SUV's and car for the teen and the time share that Ward Cleaver did not have?
When you look at the level of consumer goods available in the 50's one can easily match and exceed that level of comfort on one wage.
Hell, as Rand pointed out, those on welfare have a higher standard of living than Ward and the Beaver.
Posted by Mike Puckett at September 2, 2006 04:30 PM
Mike
How many people working 2.2 jobs have all the consumer
goods you discuss?
I've spent a lot of time in the midwest, and i don't
see the working poor with those kinds of goods.
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