Comments on: …Like A Housewarming For The Homeless

By: Bob Harrison

Bob Harrison — Sun, 05 Jul 2009 22:14:55 +0000

We thought we had a “Jobless recovery” in 2003. Of course we now know it was much worse than just a jobless recovery but it was a false boom based on false property values resulting from Greenspan’s negative real interest rates in the aftermath of the tech collapse and 9-11. All the “economic growth” of the “Bush Boom” was nothing more than debt expansion. If you subtract mortgage equity extraction from the consumption data over the past 8 years we would be left with ZERO economic growth. That equity that was “extracted” is now gone.
And Pharaoh Obamses seems like he wants to outdo Bush when it comes to damaging the economy. We’ve got zombie banks, zombie auto makers and coercive government policy (redundant?) in favor of the least efficient and most expensive forms of energy. I would have settled for drill-baby-drill over cap-and-tax!

By: Robert Glisson

Robert Glisson — Sun, 05 Jul 2009 05:53:06 +0000

In that vein, you might enjoy the following you tube. http://www.youtube.com/watch?v=jeYscnFpEyA

By: Myron Pauli

Myron Pauli — Sun, 05 Jul 2009 01:01:45 +0000

A healthy economy should always be destroying jobs – that is, via growth and efficiency. It is the growth and efficiency which creates new ones. The horse economy becomes the hand-made auto economy becomes the assembly-line auto economy becomes the robot-made auto economy. It is man’s intellect that allows 7 billion people to live far better than the few million Neanderthals of 100,000 years ago { Ayn Rand could say it far better than a quasi-literate scientist like myself }. Unfortunately, we have a government which:
(a) creates phony and inefficient “make-work” political jobs, (b) counterfeits paper money, (c) punishes energy-using efficiency via “Green” bureaucrats and (d) enforces arbitrary regulations which stifle productivity. I recall that in 1972, Nixon pumped an extra $ 50 billion into the economy while keeping the price-lid on with “wage and price controls” which made the economy hum for his 49 state victory. In 1973, the Stagflation Monster rose up, overwhelming Nixon, Ford, and Carter. Similarly, we can have temporary fluctuations of prosperity but the long-term damage of the statists will send us into a Brezhnevian era of stagnation (accompanied most likely by hyperinflation).