[TigerLikesRooster]

The generation of Weather Underground, Baader-Meinhof, and Red Brigade is about to get their due.

They hope their useful puppet Obama can fix this problem. However, the 40th anniversary of Woodstock this year would be a scene of gloom and non-stop bitching session on GW Bush by now homeless liberal Boomers.

[TigerLikesRooster]

Ping!

[eyedigress]

Hard times come from within. I had a couple of episodes during the “good times”.

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

[JerseyHighlander]

Hello TigerLikesRooster,

I have to say that Gideon has been getting melodramatic in the last two weeks. Good copy, but it's been speculative in nature and not his best journalism. "But the return of mass unemployment is not impossible. Last year, the US experienced its biggest annual job losses since 1945. " Yes, in total numbers, but not in percentage of the workforce. Further Rachman has taken to comparing the current state of affairs to the Great Depression and not the panic of the 1880's, he is throwing out obtuse infromation points to try to string along a forced narrative far from the current situation. "In the past, periods of economic dislocation have reliably led to the rise of new radical political and social movements. The only important democracy to have held an election since the collapse of Lehman Brothers last September is the US, and it voted for Barack Obama, a liberal internationalist. But in recent months there have been riots in Russia’s far east, in southern China and in Greece." Why does Rachman and Pritchard keep seeing the riots in Greece as some sort of forewarning? There is very little evidence to this narrative they keep trying to force on their readership.

Another perspective from the Marginal Revolution blog and the The Minneapolis Fed :

 

Comparing Recessions

It you look at job losses in this recession compared to previous recessions this recession looks very bad but the labor force is much bigger today than in previous recessions.  Thus, if you look at the percentage change in employment you get a different story.  The Minneapolis Fed crunches the numbers:
 
and

Of course, this recession is not yet over but this is useful information.  We might not like it but recessions are normal.

Posted by Alex Tabarrok on January 12, 2009 at 07:05 AM in Data Source, Economics | Permalink

Comments

 

[gnarledmaw]

As a self admitted parasite, Gideon would not know but many of you do. To those who understand:

"Meek" is neither cowardly nor weak it is contextually more correct to state "poor" and "bound to the land".

The earth's magnetic field impacts climate: Danish study

Peas and beets my friends...

[ffusco]

Born in 1969. Count me out of “Generation L” Coming up behing the baby boomers is a lot like sitting down at a restaraunt before the table has been cleaned and the dirty plates bussed. The US is falling apart, thanks to them. My generation hasn’t ever been in charge of anything. Their latest pathetic excuse is PEBO.

[Travis McGee]

The writing is on the wall, for those who can see.

[ansel12]

“The generation of Weather Underground, Baader-Meinhof, and Red Brigade is about to get their due.”

---

Those are all organizations from John McCain’s generation, they were not created by the boomers.

[the OlLine Rebel]

We ARE lucky.

We ARE spoiled - very much so.

The problem is most since the “Silent” Generation don’t know it - they are spoiled ROTTEN.

I am very spoiled - both by citizenship and within my family. But I know it. I love it. Too many are spoiled all around but don’t have the common sense to realize it; they are rotten and they show nothing but contempt for the very place that made things so easy for them.