Tag: analysis

We have been talking a lot about Social Security these past few weeks, even to the point where I’ve missed out on talking about things that I also wanted to bring to the table, particularly the effort to reform Senate rules.

We’ll make up for that today with a conversation that bears upon both of those issues, and a lot of others besides, by getting back to one of the fundamentals in a very real way…and today’s fundamental involves the question of whether it’s a good idea to keep pushing for what you want, even if it seems pointless at the time.

To put it another way: when it comes to this Administration and this Congress and trying to influence policy…if Elvis has already left the building, what’s the point?

Original article, by Jared Wood and subtitled Is the US economy also heading for a ‘lost decade’?, via The Socialist (UK):

ECONOMISTS AND political leaders are looking to the recent economic history of Japan with growing fear. Japanese share prices are today 70% lower than at their 1989 peak, while property values are about 40% lower than they were in 1990. Economic (GDP) growth in the 1990s averaged less than 1% a year, leading economists to talk of the “lost decade”.

Original article, subtitled Government is the Largest Employer, by Paul Craig Roberts via Counterpunch.com.

Wothwhile reading if only for the statistics. But Roberts, as almost always recently, hits the nail on the head as far as where the economy actually stands.