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    Class Warfare

    September 20, 2011

    Oh get real. Obama’s melange of proposals include letting the Bush tax cut for the wealthy expire. That was the Bush plan, although I am sure he imagined the Republicans could force it to linger on indefinitely. But now that Obama suggests executing the Bush plan we hear cries of “class warfare” from the right. […]

    Economics / housing starts, inflation, jobs, real estate, recovery, unemployment /

    Word of The Week: Moribund?

    September 20, 2011

    Moribund. Work the word around in your mouth. Pronounce it carefully. Mull it over. Moribund. It’s the perfect word to describe so much of our economy. Take housing for example. Moribund is the perfect word to describe real estate right now. Yesterday we read the homebuilder’s report. This is a survey of developers and others […]

    Economics / GDP, inflation, jobs, Keynes, Obama, unemployment, wages /

    What A Depressing Week

    September 16, 2011

    I tried my hardest to hide from the flow of depressing news this week, but here I am on Friday feeling battered by it all. This was a week in which we had our worst suspicions confirmed. Yes, the American economy is now deeply divided into haves and have nots. Yes, the so-called recovery is […]

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