Nice bullet-pointed economic explanation.

Feb 14, 2006 08:28

Apart from my news post of yesterday, I haven't touched on economics recently. Jerome on dKos has a great diary on what he thinks is going on. It doesn't touch on the impending disaster that could be peak oil (y'all had better pray that it comes on slowly so economies have time to adapt, because if it's quick we're in a whole heap of trouble), but still makes a lot of good, easily digestable points about where the US economic situation is, while explaining why the good economic statistics we keep seeing jar painfully with the facts on the ground (simple explanation: the rich are hoovering up all the new money while the poor's income stagnates, actually going down in real terms once you factor in inflation - why you now see barely shy of a quarter of the US population living in poverty).

Read it, it's good stuff. Of course, it'll all be eclipsed by the fact that Cheney shot some guy. But maybe even that's a good metaphor: rumour is he was maybe drunk, the White House tried to cover it up 'til it got leaked, and obviously Cheney pulled the trigger without checking he was aiming at the right spot. Actually, yes. A very good metaphor.

Right, back to packing. I can barely move in the apartment for the boxes. Hopefully I can sort the last vestiges of our stuff by tomorrow. Still have 2 days 'til it needs to be done, but it's starting to feel painfully close to moving day.

politics, us

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