Free Republic

At one point toward the end of his article, Professor Blinder downplays conservative concerns over the disincentive to work that unemployment insurance creates: “As the unemployment rate rises, the disincentives that worry conservatives become less important because there are fewer jobs to find…” In this line, we see a true conflict of visions about the way the world works. Professor Blinder sees some fixed number of jobs out there and too many people fighting for them. He thinks that businesses don’t hire more because there is not enough demand for their products. Yet this is an impoverished view of the...

On Wednesday, Pelosi had a forum with top House Democrats and a team of economists: Former Federal Reserve Vice Chairman Alan Blinder, October 21, 2009 'Absolutely horrendous long term fiscal out look' This is a graph presented by Jared Bernstein, chief economist to Vice President Joe Biden. Do you see any current recovery? There are not going to be Job increases for a long time, look at that curve in the graph Yet, Pelosi says the recession is coming to an end; http://www.rushlimbaugh.com/home/daily/site_102209/content/01125107.guest.html PELOSI: It's no accident that right now that as the recession's coming to an end it does...

WAL-MART DROPS, eBAY FALLS LATE Wal-Mart Stores shares lost ground, ending down 2.1 per cent at $US50.63, after the world's largest retailer said it would slash prices as it readies for what is likely to be a tough holiday shopping season. The S&P consumer discretionaries index declined 1.5 per cent. After the bell, eBay Inc, the global e-commerce site, forecast fourth-quarter profit and revenue at the low end of analysts' estimates, quashing investors' hopes for a substantial turnaround at its main marketplaces division during the crucial holiday season. In extended-hours trading, shares of eBay fell 5 per cent to $US23.75....