U.S. Factory Activity Booms

[applegrove]

U.S. Factory Activity Booms

April 1, 2021 at 11:05 am EDT By Taegan Goddard 51 Comments

https://politicalwire.com/2021/04/01/u-s-factory-activity-booms/

"SNIP.....

Associated Press: “U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes and government emergency aid flows through the economy.”

......SNIP"

[RKP5637]

1. "... and government emergency aid flows through the economy." And more of that's what's needed!!!

But the GOP isn't bright enough to comprehend this ... I had a republican tell me that the other day, "no more stimulus money, that is NOT the solution." It's pretty evident few in the GOP ever had a basic economics class on how an economy works.

[Vogon_Glory]

4. They don't. It's increasingly clear that these self-appointed champions of

capitalism are mostly economic illiterates.

I admit that this realization was a shock. I remember right-wing chest-thumpers claiming that”lefties” (is anyone to the left of Ronald Reagan) didn’t understand how the markets worked and they knew what they were doing.(And once upon a time I believed them). I honest-to-gosh thought these guys spent as much time studying economics as I thought they did running their businesses (Yeah, I have high standards. I thought these guys lived up to them. My mistake).

I began to be disabused even while Daddy Bush was in office and was completely disabused by the end of the Former Guy’s term of office. These guys are not just illiterates, but they’re ignoramuses unwilling To observe and tidy the real world to see what’s what.

[IbogaProject]

2. Rich people spend their money very slowly

Rich people spend their money very slowly if at all, when I was in school for Economics either the top 20% or top 10% had a velocity of income of like 0.4, meaning their money went around the economy less than half the original amount over 12 months, the corresponding bottom segment had a velocity of their income going 11 times over through the economy over the next 12 months.
This is the whole purpose of progressive taxes the wealthy are too slow and inefficient at spending, the grandma living on a fixed income or the working mom stretching her paycheck are both very prompt and efficient in their spending seeking out good values etc, as well they often spend locally. I expect with the modern mega corporations it may have gotten more reduced across the board but that just points to more not less need for a progressive tax system.
I think we need one national income and wealth based asset tax, maybe enough of a property tax to encourage proper land development and penalize slum lords. That way we don't have as much of the free loading by the red states who starve their local economies.

[Hortensis]

3. Excellent. Pandemic waning, emergency aid, rising demand,

recovery from the TX grid down, it's working as intended.

Good plans executed by competent, ethical public servants.

[monkeyman1]

5. anybody know kentucky is the biggest federal freeloader !! plus GQP STATES !