Just a few items on the economy

So let’s just start with Robert Reich, pointing out the disconnect between Washington and the economy.

The economy, by the way, is in lousy shape. It’s just that between inflation reporting that automatically inflate GDP and corporations raking in record profits, it’s easy to pretend that things like anemic jobs numbers, people leaving the workforce, dropping housing prices, declining wages, high fuel prices, and all the other things that effect those of us in the trenches don’t matter.

But here’s an odd glimmer of hope. One Fed official thinks it’s time to start raising interest rates. His reasoning is that it will encourage saving. Traditionalists should be ripping their hair out yelling about how it will kill the “recovery” (you know, the one we aren’t really having) by making it harder for businesses to borrow money (you know, the money banks aren’t really lending).

Some of those traditionalists might stop for a moment to consider that it would also stifle inflation (the inflation the feds have been trying to pretend hasn’t existed since the Clinton Administration). None of them will point out that it will make it more attractive for everyone to own bits of the national debt (the debt that Congress is arguing about). It is too much to hope that anyone other than myself is beginning to question whether super-low interest rates actually do much for the economy.

 

In Closing: porn; abortion; blast from the past; War on Drugs; humiliation; security; and cats.

I Saw the Shorties

I have got to get into the habit of little posts throughout the week. Today’s items are a little mind-blowing.

On Taxes and Debt: Two graphs.

On Inflation: Core rate is crazy.

Explains the Popularity of Certain People: Most people just don’t read books.

I wonder if they’ll remember this come fall: Americans want to nearly double fuel efficiency standards.

Danger, Mistress: Alert the Doctor, Sarah Jane has been traveling solo.

Sadly, probably not a world record: One man eats 25,000 Bic Macs over 13,800 days. I feel bloated just thinking about it.

Speaking of bloating: 513 illegal immigrants in 2 trucks.

Sure, that’s your money, but you can’t have it! You’d just spend it on food and shelter: The Senate wants to “save” you from spending your own 401k funds in an emergency.

Record Used Car Prices: and it’s not just “Cash for Clunkers” that got us here, but the recession and Japan’s earthquake/tsunami issues.

“Banks Say Simpler Mortgage Form Could ‘Stifle’ New Products”: by “stifle“, they mean “make it harder to trick you into getting a mortgage that will gradually strangle your finances.”

On living within your means: If it weren’t for credit cards, the American economy would suck even worse.

On Bid Laden’s Security: It involved about 100 flash drives.

Millenials Have No Clue: They think that they are precious snowflakes that deserve jobs, despite reality.

If you’re going to be out of town for a while, make sure somebody is watching your place: you never know when somebody might set up a brothel inside.

Reid Dares Them: Yeah, go ahead and vote to gut Medicare. Do it. I dare you.

Huh?: Obama says Israel needs to go back to its 1967 borders and like it?? Oy, that will put some people in a tizzy.

Here’s a Hint, Janet: Stop treating us all like criminals. Enough with the nudie scanners. Enough with the probulators. Enough with confiscating our water bottles while letting real threats through. Enough with the Do Not Fly list and other shit that doesn’t keep us safe.

That is all.

Public Service Announcement

If you’ve noticed that a bunch of your favorite blogs that usually update every day don’t have new posts, there’s a reason. I have it on good authority that Blogger is down. This good authority goes on to wonder how “fun” it would be to have a cloud computing outage when trying to get work done.

In Closing: Nat Geo decides they don’t want any trouble with the Yakuza; dead terrorist; happy; reality; new thing to do in Vegas (no gambling or drinking required); homeless in Vegas; scrutiny; statesrights; McCain regains sanity; awwww; reading; kids are capable when we let them be; on immigration; Social Security; and does Michelle Bachmann know more than a high schooler?

Inflation

That’s one expensive yearbook!

In closing:Maybe we can get Yaphet Kotto to play Captain Picard”; inside Trader Joe’s; a criminally misleading article about what doctors make; investors are nervous; Japanfilter double feature, Space Cruiser Yamato and the truth about Kobe beef; banks still only follow laws that they want to follow; 5 fastest growing occupations (the top two paying jobs reflect a premium for people willing to work the overnight shift); orders for durable goods — things that last longer than a latte — are up a whopping 0.3%; Turn Off Fox; when you start calling the citizenry “a cow with 310 tits [sic]”, you shouldn’t hold down a government position; Direct Instruction is a little more complicated than “nuns in a classroom,” but his point is taken that it in fact works; the smartest thing on unemployment that you’re likely to read this week; “cut government spending… someplace else!”; the next Dalai Lama could be an attractive woman?; you’ve got the time, get out and vote; Righthaven is perfectly willing to go after bloggers, but not a Senate candidate; on American Apparel; mysterious heiress (Clark County, Nevada is named for her father); and finally, The Doctor is In.