Sorry dudes! I'll be back soon to attempt to ejemacate you all as soon as I get a chance. This horrible Bush economy has resulted in my being buried in work. Gosh, if only Bush would raise taxes so we could return to a Clinton like recession, then I would have more time to help all you ignorant lefties understand the many benefits of conservatism. But for now, you will have to find a way to sustain your pitiful existence with the usual liberal malaise consisting of Bush hatred, anti-war chanting, Cheney jokes and consumption of gallons of Kool-Aid served up by your communist friends at Move-On, The Nation, and Air America. I'll be back after I finish burying my cash in the back yard. Blog on!
8 comments:
You see Jeff. I told you so. (see last comment on previous post)
Once again we're subjected to scud's dyslexic view of reality.
Here's an idea of you rightards can all get behind. Let's turn over the operation of our 6 largest ports to an Arab company owned by the government of the United Arab Emirates. Sounds like a winner to me George.
Anonymous: if scud found a five spot on the street in 1930, he'd declare the Hoover economy was roaring right along.
Since I never took much stock in the Scud's esoteric economic indicators, here's a Red State marriage contract for your enjoyment...
Rock on Scud. The cash is good, the Dow is strong, and the Lib Dem Idiots hate it all. Verminous, treasonous, losers, one and all.
Meet Warren and Rightard, two ardent supporters of President Bush. Each voted for the President in 2000 and again in 2004. While they may differ on social issues, each gives the President high marks on the economy. There's simply no other way to describe it. It's booming!
Rightard points to the high GDP. He knows that stands for Gross Domestic Product. While he may not have an advanced degree in Economics (or a high school diploma for that matter), Rightard knows "up" is good and the GDP is flying high.
Warren is pleased with the President's efforts to suppress labor costs. Over the past four years, labor compensation has risen 12% in real terms compared with 20% over a comparable period of the previous five expansions. Lower labor costs means more money in Warren's pocket.
Rightard is giddy that the Dow Jones Industrials topped 11,000. Fox News featured the milestone in one of its Fox News Updates so it must be important. He may not be the sharpest knife in the drawer, but he knows "up" is good. Sure, it topped 11,000 during the Klinton years, but - dammit - it means it this time.
Warren is pleased with the President's efforts to suppress labor costs. In 2005 average real hourly wages fell again from $16.45 to $16.34. Cheaper labor means higher profits and bigger bonuses for corporate officers. The good news comes as Warren finds himself with four mortgages on investment properties that he bought with Mr. Greenspan's low interest loans.
Rightard is pleased with the economy because the George W. Bush characterized it as "strong." When he was cleared to see the President at a closed-door Town Hall meeting, Rightard was given a chance to repeat a question that an operative helped him memorize. "Mr. President, how would you characterize this economy?" Without a moment's hesitation - as though he knew the question in advanced - the President declared, "This economy is strong!" Before Rightard could tell the President that he felt God was in the White House, the operative grabbed the microphone.
Warren is pleased with the President's efforts to suppress labor costs. Job growth is sluggish (1.5% in the fourth year of the recovery) and productivity is up. With more workers competing for fewer jobs or simply fighting to keep existing ones, Warren and his cronies look forward to another stellar year.
Scud can't respond now, he's moving his family to South Dakota. If a family member is raped, goddammit, the rapist's fatherhood right shall not be infringed....
ha ha! Good one!
Besides scud, who's getting rich in the Bush economy? According to the 2006 Economic Report of the President, the real income of college graduates fell 5% from 2001 to 2004. If knowledge workers are losing ground, then who's reaping the benefits of productivity gains? Dew-Becker and Gordon provide the answer. In their study "Where Did The Productivity Go?", income for Americans at the 90th percentile rose 1% per year. Income at the 99th percentile rose 87%. At the 99.9th it rose 187% and at the 99.99th it soared 497%.
Where do you fit? The 99th earns about 402,000.00; the 99.9th earns 1.6 million and the 99.99th earns over 6 million. So why did you vote against your economic interest? Because Republicans promised they'd abolish abortion and stop gay marriage. If those policies are enacted, don't worry about the 99th percent. They can afford to fly to London for abortions and gay marriage ceremonies. You can watch in horror as your wife carries a rapists baby for nine months and your daughter is denied the right to enter a social contract with the one she loves.
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