tag:blogger.com,1999:blog-6616959642391988608.post6358015561040479888..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Jobs: onward and upwardScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-84495884727899758382014-08-07T19:10:13.278-07:002014-08-07T19:10:13.278-07:00PS: I doubt the USA can reform its deficit spendin...PS: I doubt the USA can reform its deficit spending habits -- thus, the replacement of the USA with a new country or perhaps several countries becomes attractive -- in the mean time, any "recovery" that is not accompanied by balanced budgets is simply a false recovery premised on deficit spending (i.e., "stimulus") -- again, I suspect the US deficit spending problem is too McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24037037226329238242014-08-07T19:04:04.291-07:002014-08-07T19:04:04.291-07:00I just read over Scott's comments, and my only...I just read over Scott's comments, and my only addition would be that the cost of the stimulus efforts since 2008 is only part of the problem -- the bigger problem is the year on year deficit spending -- what is needed to respond to both is that we the people remove deficit spending authority from Congress and the President except under very specific conditions of duress (e.g., declared war, McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26274497327961790272014-08-02T09:33:58.009-07:002014-08-02T09:33:58.009-07:00The jobs situation report showed 141,000 jobs lost...The jobs situation report showed 141,000 jobs lost in the 25-54 age group, the most important age group. Something is wrong here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25164383271517427042014-08-01T23:45:56.531-07:002014-08-01T23:45:56.531-07:00And it's been the weakest recovery ever despit...And it's been the weakest recovery ever despite the most massive and costly fiscal stimulus package ever devised.<br /><br />Moral of the recovery: fiscal "stimulus" doesn't work (and probably hurts), and monetary "stimulus" is very limited in its ability to boost real growth.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86907000788259595942014-08-01T18:29:33.634-07:002014-08-01T18:29:33.634-07:00So says Bill Bonner:
As we’ve been pointing out, ...So says Bill Bonner:<br /><br />As we’ve been pointing out, there are 3.7 million fewer full-time jobs now than there were before the stimulus began. Household incomes for 99% of the population are lower than they were in 2007. And the real rate of growth over the last seven years has been just 0.9% per year.<br /><br />Factor in even a slight underestimation of inflation and real (Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.com