General Discussion

sendero

(28,552 posts)

14. Bingo..

Sat Mar 9, 2013, 08:53 AM

Mar 2013

... this simple irrefutable fact of economic life is glossed over all the time. Only a handful of economists I am familiar with (Reich) point out that nothing, and I mean nothing advances in an economy with no demand.

I too am seeing a small flurry of construction activity. I think QB's assessment that many of the players realized they cannot sit out 4 more years is basically spot on. However, the idea that "if we build it , they will come" is dicey at best - more like "if we can afford it, we will come". And lots of folks are still in deleveraging mode and will be in that mode for a few more years at least.

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The sad truth behind yesterday's unemployment numbers [View all] MadHound Mar 2013 OP

du rec. nt xchrom Mar 2013 #1

I see many are still yearning for the "good ole" Bush-era days. DCBob Mar 2013 #2

No, many are simply yearning for a single full time job MadHound Mar 2013 #3

No doubt many of these jobs are low paying and temporary. DCBob Mar 2013 #6

That's the BS that we are fed and expected to eat with a smile. The Main Street economy Egalitarian Thug Mar 2013 #12

Actually this problem has been brewing for decades. DCBob Mar 2013 #18

"it was a deliberate, bipartisan effort begun under reagan and accelerated to warp speed under Egalitarian Thug Mar 2013 #37

funny, I read this exact same thing word for word not along ago. DCBob Mar 2013 #41

so what? it's true, no surprise people repeat it. HiPointDem Mar 2013 #48

that statement is extremely misleading. DCBob Mar 2013 #50

it's not misleading at all. HiPointDem Mar 2013 #55

"clinton era deregulation made the housing bubble possible." DCBob Mar 2013 #56

happens to be true. HiPointDem Mar 2013 #58

BS. It played a role but was not the major factor. DCBob Mar 2013 #59

baloney. the intent was to make it easier for banksters to make money. everything follows HiPointDem Mar 2013 #60

Salami. Fact is the system was not being abused during the Clinton era.. DCBob Mar 2013 #61

Not yearning for the Bush Era days. bvar22 Mar 2013 #34

While it is not all great news quaker bill Mar 2013 #4

There is some stirring out there, MadHound Mar 2013 #5

This is not what I am seeing quaker bill Mar 2013 #7

If there is no demand, that money flowing out of bankster's hands will stop. fasttense Mar 2013 #8

Bingo.. sendero Mar 2013 #14

This is true quaker bill Mar 2013 #24

Well I guess it depends on what side you are seeing. fasttense Mar 2013 #62

unemployment is still high here too quaker bill Mar 2013 #64

I'm seeing that too, just in the city where I live. BlancheSplanchnik Mar 2013 #9

I think both you and MadHound have made good points... ChisolmTrailDem Mar 2013 #43

Time also matters quaker bill Mar 2013 #47

I agree that wages are falling, especially in relation to inflation davidpdx Mar 2013 #16

Every crash, every large-scale job loss results in return of mostly lower paying jobs later ProfessionalLeftist Mar 2013 #10

What I love abelenkpe Mar 2013 #13

Economy seemed to be doing well abelenkpe Mar 2013 #11

Old fashioned capitalism is dead. watoos Mar 2013 #15

The Failure Of Capitalism cantbeserious Mar 2013 #17

Old fashioned Capitalism ? Purplehazed Mar 2013 #27

Some of that depends on how you look at "previous trends" bhikkhu Mar 2013 #19

Harecore truthiness. 99Forever Mar 2013 #20

Recommend jsr Mar 2013 #21

"Ra Ra, unemployment dropped two tenths of one percent" ProSense Mar 2013 #22

When I read that "massaged the unemployment numbers" line I thought I was reading a ... JoePhilly Mar 2013 #26

You Better Believe It! Ikonoklast Mar 2013 #28

Better Believe that I love nostalgic references!! JoePhilly Mar 2013 #29

Yep. You Better Believe It. cliffordu Mar 2013 #40

They seem to hate good news, eh?... SidDithers Mar 2013 #46

That's what rival parties do DevonRex Mar 2013 #54

It amazes me how people all screamed that the bushes fasttense Mar 2013 #63

The calculation for UE has not changed In a very JoePhilly Mar 2013 #65

Those unemployment numbers don't indicate much for MineralMan Mar 2013 #23

Dean Baker seems to agree: KoKo Mar 2013 #33

Doesn't this ProSense Mar 2013 #35

There was an article yesterday which covered these numbers and said "...the economy surges!" Poll_Blind Mar 2013 #25

Another article said, Purplehazed Mar 2013 #31

wsws and truth never belong in the same sentence Godhumor Mar 2013 #30

Really? MadHound Mar 2013 #38

" Our Current Economic Mess, Explained With Headlines" KoKo Mar 2013 #32

Reagan's big pre-84 trick was to include the military for the first time - 100% employed group. talkingmime Mar 2013 #36

I got a job after 4 years DotGone Mar 2013 #39

congrats on getting a job Liberal_in_LA Mar 2013 #66

Does NOT, of course, count UNDER-employment. Bake Mar 2013 #42

Bernie Sanders says the reality is 14%. Cleita Mar 2013 #44

LOL... SidDithers Mar 2013 #45

Better believe it! MannyGoldstein Mar 2013 #53

masks a ton of people who've dropped out of the official economy. labor force participation rate: HiPointDem Mar 2013 #49

WSWS left Republicans out of the article entirely. Named only Obama. DevonRex Mar 2013 #51

Do they plug in the numbers for those that are getting a second or third job in this report? Knightraven Mar 2013 #52

Oh noes! Good news! treestar Mar 2013 #57

lol Liberal_in_LA Mar 2013 #67