Comments on: Productivity slowing — bad news for budgets

By: jimmydeeoc

jimmydeeoc — Thu, 17 Jan 2013 23:39:19 +0000

The first two decades of the 21 Century will put a stake in the heart of two ancient bromides that were stupid to begin with and lasted only because of exogenous factors – not intrinsic merit——-

Home prices only go up! (Check.)

Democrats are better for the economy than Republicans! (Coming soon.)

By: Dyspeptic

Dyspeptic — Thu, 17 Jan 2013 23:35:22 +0000

“Looks like socialism still isn’t working.”

It works just fine from the perspective of The Overlords. They get more power and wealth and then divide the spoils among themselves and we get equality of misery and lots of empty promises. Sounds fair to me.

By: Hondo

Hondo — Thu, 17 Jan 2013 20:44:27 +0000

Europe, amerika’s biggest market and customer, is in another certified recession. Obummer care penalizes prosperity at every level in this country, again, dragging the economy. And all those taxes passed in the last election along with prop 13 being jacked up, will stop any meaningful growth in the economy. At the most it will limp along at 1% or so. Not the 4 to 6% it needs to pay for the crush of spending coming down the pipes what with the boomers retiring in record numbers. Most likely we will see 0% growth and even less, if not another full-on downturn. The new attacks on prop 13 will lower property values and drop kick the housing recovery in the nuts.
I hope I’m wrong for Teddys sake. But even he admits the libs now own the economy and can’t blame the tea party for any failures. It’s all in their lap.
Hondo…