Posted on 09/05/2006 10:18:21 AM PDT by Hydroshock
hunh. so the brits have called the end of the American dream after 250 or so years? How many times does that make it now?
When these article mention nothing on taxes (which take almost 50% of the average middle class person's salary) - it makes wonder about their bias...
E.P.I. alert.
Figures.
The Economic Policy Institute or EPI is a leftist United States think tank based in Washington, D.C. and concerned with, as its name implies, the formulation of economic policy. It was established in 1986 by a group of economists including Jeff Faux [1], Barry Bluestone [2], Robert Kuttner [3], Ray Marshall, Robert Reich, and Lester Thurow. Its current president is Lawrence Mishel [4].
EPI states it was founded "to broaden the discussion about economic policy to include the interests of low- and middle-income workers," It states as its mission, "to provide high-quality research and education in order to promote a prosperous, fair, and sustainable economy."
As we all know, it is not the accuracy of the data, it is the seriousness of the charge.
http://www.bloomberg.com/apps/news?pid=20601102&sid=a9pC5dZyxChA&refer=uk
U.K. Unemployment Increases to Highest in Four Years
http://www.4rfv.co.uk/nationalnews.asp?id=54109
UK unemployment rate continues to rise
The unemployment rate also rose to 5.5%, up 0.3% over the quarter and 0.7% over the year, with the number of unemployed people increasing by 92,000 over the quarter and by 243,000 over the year to reach 1.68 million.
Regardless, I'd still like to see the Fed stop blaming inflation on rising wages and economic growth.
The Fed exists as welfare for bankers. They would love to depress equities relative to the fixed dividend device.
Their inflation fetish is harmful to the nation.
Me too - I'd like to see them blame themselves and their fiat currency schemes.
good review of that here:http://www.opinionjournal.com/weekend/hottopic/?id=110008889 from Saturday's WSJ
I have no problem with fiat money provided that it's managed well.
I'd prefer a return to the gold standard, then we wouldn't need management of fiat currency.
Inflation is not a result of the things you mention - overspending, inefficiency, over-regulation and the like. Those are just a function of normal government, and it's why the Founders knew limited government is the only good government.
Household income is cyclical. It is not sound analysis to measure off the top of a peak.
http://www.census.gov/hhes/www/income/incxrace.html
Household income is driven by the business cycle.
Note the peaks normally top out just prior to the following recession, which creates a long trough, previous to a fairly steep increase leading to a new peak. The 1989 peak was not matched again until about 1997.
In terms of household income we bottomed out of this cycle in 2004, and have seen a weak increase in 2005, and the signs have been good that 2006 will see a strong increase, which is on schedule based on previous experience. We can also hope that this series of increases will run for another 5 years or so and produce a new peak.
"Unemployment has remained stubbornly high despite the economic recovery, with the latest figure at 4.7% compared to 4% at the end of 2000."
??????
You now use your house as capital to save, invest and borrow.
It is up to the Fed to keep those housing assets growing through inflation.
Tongue in cheek.
BUMP
Yep, insane thinking in that thing. Leftists have never been good at perspective.
Gotta Love when 4.7% unemployment is "stubbornly high."
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