Education, politics, and anything else that catches my attention.
Thursday, October 19, 2006
It's The Economy, Stupid
As someone recently said, that's so 90s. Today the stock market closed above 12,000 for the first time ever--usually we call that a record. Here's a little more information about our economy.
Anon, Darren, as usual, is right. The Reps are in this matter are the lesser of two evils.
Although I have had to correct on one minor issue. He said the Republicans spend like drunken sailors and I told him not to insult the water boys. They spend their own money! :)
Also, the link had this comment from George Will
“Why does Massachusetts have less jobs now than November 2001? No word yet on that one from John Kerry. “
I apply the "Clinton Principle." If you gave Clinton credit for the stock market rise, if you talked about how great the economy was during the dot com bubble, you should be doing the same thing now.
But the news media itself was on top of the world in the late 1990s, and is in a world of hurt nowadays. And the evil Reps look like they'll do better in Congress than previously thought.
Can any NYT reporter possibly imagine that the economy's booming? No - they go by the ancient rule: if my neighbor gets laid off, it's a recession. If I get laid off, it's a depression.
Imagine how much higher it will go once we've kicked out these spend crazy republicans.
ReplyDeleteUnfortunately, the only alternative to spend-crazy Republicans is even-more-spend-crazy Democrats.
ReplyDeleteUgh.
Anon, Darren, as usual, is right. The Reps are in this matter are the lesser of two evils.
ReplyDeleteAlthough I have had to correct on one minor issue. He said the Republicans spend like drunken sailors and I told him not to insult the water boys. They spend their own money! :)
Also, the link had this comment from George Will
“Why does Massachusetts have less jobs now than November 2001? No word yet on that one from John Kerry. “
George, I wouldn’t hold my breath on an answer!
so, what about that whole inverse relationship thing? interest rates go down and equities valuations go up. can we credit GWB with that, too? hhhmmm.
ReplyDeleteI apply the "Clinton Principle." If you gave Clinton credit for the stock market rise, if you talked about how great the economy was during the dot com bubble, you should be doing the same thing now.
ReplyDeleteThat goes the same for the news media.
But the news media itself was on top of the world in the late 1990s, and is in a world of hurt nowadays. And the evil Reps look like they'll do better in Congress than previously thought.
ReplyDeleteCan any NYT reporter possibly imagine that the economy's booming? No - they go by the ancient rule: if my neighbor gets laid off, it's a recession. If I get laid off, it's a depression.