Posted on 06/24/2008 1:10:34 PM PDT by jazusamo
“...imitating Europeans when they are not doing as well as Americans makes no sense.”
Right on the mark once again Dr. Sowell is.
It makes no sense unless one thinks perhaps those wishing we imitate the Europeans are of say..Socialist persuasion? Perhaps they have an “agenda”?
When the Bush tax rate cuts expire, then look out.
On the mark, RQSR and there’s no perhaps about it.
I’m a BIG fan of Sowell, but what does this statement mean? “We have not yet had one consecutive quarter of negative growth.”
As far as I know, a single data point (one quarter of financial performance) cannot be consecutive, there has to be 2 or more points. A single point is singular. This is a grade school level error, although it does no damage to his argument.
Yes, and the RATS will make it happen.
+1
The facts we learn from this good man are incredible.
This fact will be used to neutralize the libs when they have orgasisms touting Luxembourg:
“Wal-Mart has more employees than the total population of Luxembourg.
I noticed that also. I don’t pretend to know the reason for this column but a short time back on one of his columns the wording was changed (by an editor I guess) at one of the sites printing it and it was printed correctly at other sites, it was clearly an editors fault.
I certainly smiled when I read it.
I liked that line too, Grampa Dave! It's the sort of cold hard truth that will send libs into catatonic fits! LOL!
I’m chuckling with both of you, it’s such a simple yet profound fact. LOL!
“what does this statement mean? “We have not yet had one consecutive quarter of negative growth.””
I think the noted economist is being facetious. He likely means that we have not had not seen negative growth.
A number of media "experts" came rushing forward to declare this an outmoded and inaccurate definition, always with their own new one declaring that it is, after all, a recession. As far as I'm concerned, Sowell has spoken. Any one of them wants to bump economics credentials against his, I'll buy a ticket.
For a decade or more, we get the greatness of Luxembourg thrown into our faces.
Now we can laugh at them with our Walmart comment.
You got that right, Bill. Dr. Sowell sticks to proven facts and the enemedia revises them to fit whatever they want them to be on that particular subject.
“I’m chuckling with both of you, it’s such a simple yet profound fact. LOL!”
So far this week has been one where simple and profound facts like this one re Luxembourgh and the Walmart employees are striking home and making me have some good laughs.
That’s what I got out of it -
he was making further fun of the naysayers by using the phrase “one consecutive quarter”.
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