In 2021, by contrast, many of our problems seem to be about inadequate supply. Goods can’t reach consumers because ports are clogged; a shortage of semiconductor chips has crimped auto production; many employers report that they’re having a hard time finding workers.
Much of this is probably transitory, although supply-chain disruptions will clearly last for a while. But something more fundamental and lasting may be happening in the labor market. Long-suffering American workers, who have been underpaid and overworked for years, may have hit their breaking point. But things will improve. As Covid-19 subsides and life gradually returns to normal, consumers will buy more services and less stuff, reducing the pressure on ports, trucking and railroads.
Well when Paul Krugman can only suggest that something is "probably" the exact same line of nonsense that a Democratic Administration is spewing, then you cannot have much confidence in that particular line of nonsense. In this case, I understand the drive to believe that all economic problems are transitory due to Covid, but that cannot possibly be the case across the board. Some things are the result of how we have handled Covid and many of these things are going to be long term.
The idea of more people working from home is not transitory. The concept that people will strive to be a little less dependent on the daily trip to the store is not transitory. The numerous closing of restaurants and retail establishments that were struggling even before Covid are not transitory. The fact that people have gotten used to being less mobile is not transitory.
The only thing that is transitory is the payments to people to basically not work. The worker shortage will likely loosen once we stop paying people to stay home. But given the amount of boomers leaving the economy is much higher than the rate of new people entering, the idea of some sort of worker shortage is not transitory.
Nope. We cannot just sit around and wait for things to go back to the way they were. We cannot just hope that as soon as the vaccination rate hits a certain percentage that our economy will miraculously go back to how it was. This is going to take some effort (and not just trillions in more giveaways). Not sure our current crop of leadership is up to that task.
44 comments:
Yes Lil Schitty.....your misguided hope that inflation will become an issue is most amusing.....as the economy catches up and starts humming along on all 8 cylinders.....the worries you have will fade away and will be forgotten well before the midterms.....since you and the GOP are on a collusion course with the fate of the Know Nothings !!!!!!
"we hypothesize that HCQ and ivermectin could act in a consequential and synergistic manner. Indeed, HCQ would behave as a first-level barrier"
From the joke of the other thread, Lil Schitty posts a hypothesis that ivermectin could work!!!!!!!!!!! BWAAAAAAPAAAAAA!!!!! God dayum you are a dumb fuck!!!! And there also could be an easter bunny and Santa Claus!!!!!! LOLOLOLOLOLOLOLOL BTW....do you understand what an hypothesis is?????? Or are you still pushing the BULLSHIT about a dewormer?????????? How's the clinical trial going or is that a hypothesis also????
Since his experience with this situation has baffled you about this!
Liz Ann Sonders @LizAnnSonders
U.S. middle class now holds a smaller share of wealth than top 1%…middle 60% of households by income have combined assets at 26.6% of national wealth as of June, lowest going back 3 decades…top 1% are at 27% @federalreserve @federalreserve
Three decades is the end of the Reagan's economic plan is top down economics.
This is the very reason why I support Sleepy Joe Biden....
Plus I said the exact same thing a few days ago.
He has Pulitzer Prize in economics and a PhD degree.
You are still fixated on deworming medicines.
You are grabbing at straws.
From your own link
The sellers’ market in labor has also emboldened union members, who have been much more willing than usual to go on strike after receiving contract offers they consider inadequate.
But why are we experiencing what many are calling the Great Resignation, with so many workers either quitting or demanding higher pay and better working conditions to stay? Until recently conservatives blamed expanded jobless benefits, claiming that these benefits were reducing the incentive to accept jobs. But states that canceled those benefits early saw no increase in employment compared with those that didn’t, and the nationwide end of enhanced benefits last month doesn’t seem to have made much difference to the job situation.
What seems to be happening instead is that the pandemic led many U.S. workers to rethink their lives and ask whether it was worth staying in the lousy jobs too many of them had.
. Hours are long: America is a “no-vacation nation,” offering far less time off than other advanced countries. Work is also unstable, with many low-wage workers — and nonwhite workers in particular — subject to unpredictable fluctuations in working hours that can wreak havoc on family life.
And it’s not just employers who treat workers harshly. A significant number of Americans seem to have contempt for the people who provide them with services. According to one recent survey, 62 percent of restaurant workers say they’ve received abusive treatment from customers.
Given these realities, it’s not surprising that many workers are either quitting or reluctant to return to their old jobs. The harder question is, why now? Many Americans hated their jobs two years ago, but they didn’t act on those feelings as much as they are now. What changed?
Well, it’s only speculation, but it seems quite possible that the pandemic, by upending many Americans’ lives, also caused some of them to reconsider their life choices. Not everyone can afford to quit a hated job, but a significant number of workers seem ready to accept the risk of trying something different — retiring earlier despite the monetary cost, looking for a less unpleasant job in a different industry, and so on.
And while this new choosiness by workers who feel empowered is making consumers’ and business owners’ lives more difficult, let’s be clear: Overall, it’s a good thing. American workers are insisting on a better deal, and it’s in the nation’s interest that they get it.
Liz Ann Sonders @LizAnnSonders
U.S. middle class now holds a smaller share of wealth than top 1%…middle 60% of households by income have combined assets at 26.6% of national wealth as of June, lowest going back 3 decades…top 1% are at 27% @federalreserve @federalreserve
Three decades is the end of the Reagan's economic plan is top down economics.
This is the very reason why I support Sleepy Joe Biden....
Plus I said the exact same thing a few days ago.
He has Pulitzer Prize in economics and a PhD degree.
You are still fixated on deworming medicines.
You are grabbing at straws.
The only reason why I didn't quit posting here is to expose your inability to think about and again objectively.
A lot more people of the baby boomers have become conservative Republicans, but like I said years ago when Reagan won the election and immediately started to improve top down economics.
If Biden wins, he will be a transitional President
And even you will be richer than before..
A feckless Team Biden has set America up for a new round of 1970s-style stagflation. The similarities between then and now are eerie.
Seventies stagflation resulted from profligate fiscal policy, politicized monetary policy and food and energy shocks. President Lyndon Johnson's guns-and-butter decision to simultaneously finance both the Vietnam War and his Great Society programs triggered a wave of demand-pull inflation.
After President Richard Nixon appointed Arthur Burns as Federal Reserve chair, Burns cranked up the Fed printing press in support of Nixon's re-election efforts. The resulting currency debasement forced Nixon to abandon the US dollar standard, the linchpin of the global monetary system; the dollar cratered, driving up import prices and further stoking inflation.
The US economy also suffered two crippling supply-side crises. Food prices soared as a result of bad weather, Soviet grain purchases and cropland mismanagement. Energy prices skyrocketed, thanks to the Arab oil embargo. When President Jimmy Carter ran against Ronald Reagan for re-election, America’s “misery index” — the unemployment rate plus the inflation rate — had breached 20 percent.
Today, fiscal policy is more profligate. In 1979, federal outlays were a bit over 19 percent of gross domestic product. According to the latest Congressional Budget Office numbers, meanwhile, federal outlays will be 30.6 percent in 2021. And the proposed expenditures now on the table for a $3.5 trillion red-ink-palooza and faux $1 trillion “infrastructure” package threaten to sustain that profligacy going forward.
https://nypost.com/2021/10/14/welcome-back-to-70s-style-stagflation-misery-thanks-to-biden/
The worker shortage will likely loosen once we stop paying people to stay home and again be welfare queens.
Welfare queens rhetoric
This is going to take some effort (and not just trillions in more giveaways).
The author of this is a fucking joke.
Peter Navarro, who served as former president Donald Trump's trade adviser, ripped into Dr. Anthony Fauci in an interview on Wednesday.
"He's truly evil," Navarro said of Fauci, calling him "the most evil man on the planet."
"He betrayed the president, he betrayed this country, and more important, I made the very strong case that he is responsible for the pandemic itself," Navarro said during an interview about his new book, "In Trump Time," with South Dakota radio host Greg Johnson
According to Navarro, his book begins in January 2020 in the East Wing of the White House, where Trump was meeting with China's vice premier about a new trade agreement. Navarro claims he was in a "cold sweat" because reports had already surfaced about the novel coronavirus in Wuhan – and he once predicted that "communist China would create a global pandemic that would kill millions."
"I'm looking at the stage thinking, what do these commies know that we don't?" Navarro said. "What aren't they telling us? Could they be infected? And if so, why are they sitting right next to the president of the United States and the vice president? And most of all, what I'm thinking is, could this thing be a bioweapon that the Chinese have unleashed on us basically to take out the only president in modern history to stand up to communist China?"
The commies are coming to get you rrb...
LMAO
He destroyed your argument
recently conservatives like you Scott blamed expanded jobless benefits, claiming that these benefits were reducing the incentive to accept jobs. But states that canceled those benefits early saw no increase in employment compared with those that didn’t, and the nationwide end of enhanced benefits last month doesn’t seem to have made much difference to the job situation.
What seems to be happening instead is that the pandemic led many U.S. workers to rethink their lives and ask whether it was worth staying in the lousy jobs too many of them had.
Challenge Navarro's points instead of the man alky.
You can't do it.
You don't possess the intellect.
A winner of the Nobel Prize in Economics, Paul Krugman wrote in 1998,
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
Krugman... PhD, Nobel Prize, Imbecile.
No one can find Biden's "Transitory Inflation"
Bidenomics
A full blown Dumpster Fire 🔥
"US wholesale prices rose record 8.6% over 12 months" cite: AP
🤣Transitory Inflation 😂
"On Wednesday, the government reported that inflation at the retail level rose 0.4% in September with its consumer price index up 5.4% over the past 12 months, matching the fastest pace since 2008"
Roger, damn F student.
There is no labor shortage.
There is a work ethic shortage.
Again CA is at the top of unemployed workers.
Biden down to 36%, 'sinking like the Titanic'
President Joe Biden’s crashing polling numbers appear to have no end as he fumbles with the border crisis, a 13-year high in inflation, and the threat of empty toy shelves on Christmas Eve.
In a new Zogby Poll just provided to Secrets, the first-year president has hit another job performance low, 36.4%.
“Our latest polling shows President Biden with a 36% positive job performance rating (excellent-15% and good-21% combined), while his negative rating is 61% (fair-19% and poor-42% combined),” pollster Jonathan Zogby of Zogby Analytics told us.
Worst of all, women are abandoning the president, followed by independents — voters critical to helping lobby for his $3.5 trillion tax-and-spending plan and $1.2 trillion infrastructure program.
https://www.washingtonexaminer.com/opinion/washington-secrets/biden-down-to-36-sinking-like-the-titanic
The Biden Oil Spill off the Coast of California is a monstrous ecological disaster.
RRB, we need to be nice to the not so greiving Roger .
He is so broke and broken he has missed the burials of two of his simblings.
Is he now the "youngest sibling"?
This story doesn't matter to you.
White students at Coosa High School in Georgia waved the Confederate flag and hurled racial slurs leading up to homecoming.The students with the Confederate flag did not face repercussions.School administrators suspended several students of color who were protesting. Two white protesters were left unpunished.
Black students were suspended from their high school for planning a protest after another group of students came to school waving a Confederate flag.
He has Pulitzer Prize in economics and a PhD degr
Do you even know what he won a Pulitzer Prize for?
It was for an entire book and theory about where our economy was going that turned out to be completely wrong. Had Krugman been right, everyone with any money would like in the urban areas, the suburbs would be ghettos, and we would have commercial hubs around the nation where everything looked like the districts from the hunger games.
But I certainly believe it is fitting and a bit ironic that Krugman won a Pulitzer prize for something that ended up wrong. Seems to be right up the Krugman alley. Oh and gotta love that people still use that as defense. He won a Pulitzer for being wrong! Better believe him this time!
. But states that canceled those benefits early saw no increase in employment compared with those that didn’t, and the nationwide end of enhanced benefits last month doesn’t seem to have made much difference to the job situation.
Interesting..
Since the average rate of unemployment is 4.2 in states with Republican Governors and 5.8 in states with Democratic Governors.
But giving away money has nothing to do with it, huh?
White students at Coosa High School in Georgia waved the Confederate flag and hurled racial slurs leading up to homecoming.The students with the Confederate flag did not face repercussions.School administrators suspended several students of color who were protesting. Two white protesters were left unpunished.
It's an interesting story...
They show a video of a group of students chanting "not justice - no peace" which sort of suggests what exactly? No peace means???
The same story shows a random picture of a confederate flag from 2020, but no video or pictures of the students who supposedly were tossing around racial slurs. Which is even odder considering the story says that these students were filmed? Perhaps it would be a better story if they showed the video of students who were making racial slurs rather than the students making thinly veiled threats.
I guess we just take someone's word for it...
But most certainly this whole BLM, Cancel Culture, and Biden administration has certainly brought us all together! We are a country in unity, huh?
The higher population states have large cities where the unemployment rates are higher than in states like South Dakota..
If Sleepy Joe Biden gets his build back better bill and he infringement passed the disparity between the top one percent than before Reagan destroyed the middle class.
Fake news robotics???
I guess we just take someone's word for it...
They censored the truth about it because they hate Trump
Well Roger...
Perhaps instead of being an idiot and bringing up Trump for the 100th time today, you could provide us with a reasonable explanation as to why the video of the students tossing around racial slurs was not attached to the story... but the video of the student protesters was?
Do you have one?
The higher population states have large cities where the unemployment rates are higher
Of course Roger...
Because every large city is run by Democrats.
I'm not blaming anyone.
No, The Personal Is Not PoliticalThe truism that is tearing at the fabric of liberal democracy.
Andrew Sullivan
Oct 15
The home of Oakland Mayor Libby Schaaf was vandalized overnight on July 21, 2020. (Liz Hafalia/S.F. Chronicle via Getty Images)
Something truly sinister is happening in America. The critical distinction between public and private life is being eroded.
You can see it first of all in political protests. Not content with marching in the streets to air complaints, demands, and grievances as a public spectacle, demonstrators of all kinds increasingly seek out the private homes of public figures to hound them intimately and personally. In the past year or so, the examples have mounted quickly. The mayor of Portland had to move house because activists besieged his condo building, breaking windows of other people’s offices and throwing burning debris into them. The mayors of St. Louis and Buffalo were also driven from their homes, and Chicago’s mayor was under constant threat: “[Lori] Lightfoot already receives 24/7 protection from cops including officers stationed at the residence.”
After a police shooting in DC, protestors didn’t just demonstrate outside a local police station, as is their absolute right, but traveled 13 miles to Mayor Muriel Bowser’s home to yell deadly threats at her:
“If we don’t get no justice, then you don’t get no sleep,” protesters were allegedly heard chanting outside the home, according to a video posted on social media. “If we don’t get it, burn it down.”
This also happened in Pittsburgh (“an encounter that ended with tear gas”), Philly (“five hospitalized — including a police sergeant with a broken finger”), and Oak Park, where protestors “banged on [Mayor Abu-Taleb’s] windows and doors, tore up a garden and spray-painted sidewalks when the board voted down a police defunding measure.”
Such tactics have escalated to vandalizing the private homes themselves, often covering them with graffiti, to drive home the message: “Spray painted phrases included ‘BLM,’ ‘Jacob Blake,’ and an expletive directed at San Jose’s mayor.” In Oakland, a similar scene:
“Defund OPD,” “homes 4 all,” and “blood on your hands” were all spray-painted on the garage, sidewalk and stone wall outside Mayor Schaaf's Oakland home overnight. Witnesses say 30 to 40 people dressed in black and wearing masks shot projectiles and set off fireworks around 2 a.m.
And in Sacramento:
“The idea that people would come terrorize [Mayor Steinberg’s] street, intimidate his family, damage his home is beyond the pale and he was quite upset about it," Mary Lynne Vellinga, the mayor’s communications director, said. Along with breaking lights, dinging up siding, busting a yard sculpture and writing inflammatory words in chalk on his front walkway, the demonstrators, according to Vellinga, shouted and chanted threatening phrases …
And of course Seattle:
[Deputy Mayor Mike Fong] knew what happened at Mayor Jenny Durkan’s house. People vandalized her home, writing “die,” “Resign bitch,” “guillotine Jenny,” and “Jenny is a bitch.”
Although not as persistent or as widespread as the far left’s invasion of the privacy of public figures, the far right is not innocent either. LA Mayor Garcetti’s residence was targeted by anti-lockdown activists; LA County’s public health director was also targeted at home; some folks brought menacing tiki-torches to the Boise mayor’s home; in Duluth, Trump supporters organized 20 trucks to circle the mayor’s home. Over the new year, Nancy Pelosi’s private home was vandalized, graffiti written on her garage door, and a bloody pig’s head was thrown into the mix for good measure.
Get the Dish every Friday
There are also attacks on school board members around the country, who favor teaching the concepts of critical race theory to kids, or are implementing Covid mask policies. It’s fine and good to protest; it is not fine and good to force these people and their families to live under personal siege.
Anti-mask demonstrators, for example, hounded one Brevard School Board member and mother, Jennifer Jenkins, at her Florida home, at one point coming to her doorstep and coughing in her face. She later testified that she was ok with demonstrators outside her home, but that “I object to them following my car around, I reject them saying they are coming for me and I need to beg for mercy … that they are going behind my home and brandishing their weapons to my neighbors. That they’re making false DCF [child welfare agency] claims against me to my daughter. That I have to take a DCF investigator to her playdate to go underneath her clothing and check for burn marks. That’s what I’m against.”
What we are seeing here is not just the boorishness of mobs. What we’re seeing is something more dangerous: the erosion of the boundary between public and private
Combine this technological eavesdropping capacity with a wave of tribal and political fanaticism, and you can see how a liberal society can unravel so quickly. In one tribe, people can be terrified that a private chat or text or a bad hook-up can hand anyone else a weapon to brandish them a “white supremacist,” “misogynist,” or “transphobe” — and see their life ruined. In the other tribe, a woman in Texas may be terrified that any private comment, email, or text about an unwanted pregnancy could come back to haunt her, because of a GOP law whose enforcement despicably depends on snitching on fellow citizens. Revenge porn is yet another variation on this brutalizing theme. Everywhere you look, the idea that everyone deserves some zone of privacy is disappearing.
You may argue that making the political personal is a boon for accountability. And this is true to a point. But is it too much to ask that you don’t hound a US Senator when she is trying to go to the loo? Or that you protest in a manner that does not traumatize people’s families and destroy their property? Or that you don’t turn a bad date into a public attempt at character assassination? At some point, as we just saw in Britain today with the murder of a member of parliament, you lose the qualifier.
You may equally see transparency as a brilliant way to expose hypocrisy. And this is true to a point. But who hasn’t said or written something in their private lives they regret? We are all human, and all hypocrites to one degree or other. Ripping away every veil that conceals us at our worst is not just cruel; it’s inhuman. I have long felt that way even about “outing” public figures who have bad records on gay rights. Legitimize outing gays to combat homophobia and you legitimize other people outing gays in order to shame and humiliate.
What we’re losing, I fear, is the idea that we can take on a role as public citizens that is separate from our role as private human beings; that we can place limits on what the state can do to us, and what we can do to each other. As Hannah Arendt perhaps best grasped, a liberal society is almost defined by its belief that politics has limits, and that it exists to defend us from either the government or our fellow citizens leveraging private human flaws for political purposes. There are, in fact, many worse things than hypocrisy. Shamelessness, for example. The first is human; the second is sociopathic. I want to live in a world where the former prevails.
The idea that “the personal is political” is not just a glib phrase. It is actually best exemplified by totalitarian systems, which seek no limits to their authority over private matters, even those matters that are buried deep in your mind and soul, and which enroll citizens into becoming mutual spies in pursuit of heretics. I don’t want to live in that transparent, unsparing, brutalizing world. It turns us all into spies; it gives no one space to think or escape; it is devoid of mercy and gives no benefit of the doubt.
Let’s not lose the distinction between public and private. Let’s remember that everything we decide to do to violate the privacy of others comes back to legitimize others’ violation of ours. The immediate payoff may be gratifying; but what it does to a society over time, as the tit-for-tats cascade, is to remove the chance for civil debate, and enhance the power of personal hatred, and, ultimately political violence. That’s where this leads: a descent from civil argument to civil war.
This has existed before, but since. you will call me obsessed with Trump..
But even a highly educated and successful figure, have become tribes again..
Most dangerous of the violence has been conducted by people who like Trump.
Not the same thing as in response to the murder of George Floyd...
Have a great night
The Department of Justice has had this information since the November 2020 Election, and has done nothing about it. The Pima County GOP should start a canvass of Republican voters, in order to identify and remove the obvious fictitious voters from the system.
Either a new Election should immediately take place or the past Election should be decertified and the Republican candidate declared the winner.
Liberal activist insurrection take over of the interior dept. Well that spoils the narrative.
What the Fuck is this garbage?
"he infringement passed the disparity between the top one percent than before Reagan destroyed the middle class." Roger salad
Factless Roger is again Spectacularly wrong.
"Reagan destroyed the middle class."
Nope, you dope, that was your boy Ibimbo.
"Since economists first began keeping track in 1970, every decade has ended with fewer people in the middle class than at the start. And 2015 was the first year on record when Americans in the middle-income bracket did not make up the majority of the country.." cite: NPR
Most dangerous of the violence has been conducted by people who like Trump.
What is funny Roger... is here in Seattle, it was Antifa and BLM who went after Mayor Durkan (not conservatives). In fact, in Minnesota, every violent riot or attack over the past couple of years came from the left.
We are watching in real time what is happening to Manchin and Sinema by upset liberals, and those are your own people they are hassling.
There was an estimated 2 billion dollars done in damages during the BLM/Antifa riots in 2020... 2 billion Roger. Oh and there were 34 people killed in those riots and several hundred police officers injured.
But somehow you feel that it's logical to conclude that someone protesting in a manner that causes no police injuries, no civilian casualties and basically no actual damage to property is considered violent to the degree that it overshadows 34 dead, 100's injured, and 2 billion in damages.
Why do you believe that?
Not because you actually weighed how many people were killed, injured, or how many buildings were burned down to determine the amount of violence...
But because some journalist wrote a fictional article you read on the internet... and you got gaslighted.
Facts are facts are facts are facts, Roger.
George Wallace is smiling from hell at you.
Back when a viral pandemic killing millions around the world was just the plot of a scary movie, the film “Contagion” was lauded for how accurately it depicted the way such an outbreak would occur.
On the science of viral contagion, it was quite sharp, clearly explaining things like R0 (the measure of how widely one infection could spread to others, on average).
Of the human dimension of contagion, it did not prove as prescient. In the movie, fearful nurses walked off the job at the start of the pandemic, which begins to end as soon as vaccines become available, with people lining up eagerly for their turn.
The opposite happened in real life. Despite enormous personal risk, almost all health care workers stayed on the job in the first months of the Covid pandemic. Despite vaccines being widely available since spring in the United States, tens of thousands of people are dying every month because they chose not to be inoculated.
Tucker Carlson is the most dangerous person in this case..
Responding to our societal dysfunctions has been among the greatest challenges of this pandemic, especially since this includes a political and media establishment stirring up resentment and suspicion to hold on to power and attention in an increasingly unresponsive political system.
Anger — and even rage — at all this may be justified, but deploying only anger will not just obscure the steps we can and should try to take, it will play into the hands of those who’d like to reduce all this to a shouting match.
Instead, we need to develop a realistic, informed and deeply pragmatic approach to our shortcomings without ceding ground to the conspiracists, grifters and demagogues, and without overlooking the historic inequities in health care and weaknesses in our public health infrastructure. It’s not all fair, and it is not a Hollywood ending, but it’s how we can move forward.
It took a few deep shots, and one massive celebration late, but the Houston Astros made it past the Boston Red Sox on Friday night.
The Astros rallied back from an early 3-1 hole to beat the Red Sox 5-4 at Minute Maid Park to kick off the American League Championship Series and take a 1-0 series lead.
Roger, you believe in high unemployment is good for the US a a society, where did you learn that ?
White House press secretary Jen Psaki said Friday on CNN’s “The Lead” that rising prices were a “good thing” because it meant more people were buying goods."
In a different statement she said "President Biden is not concerned about high gasoline prices, because he kneels at the alter of Gorebal Warming.
You certainly believe in high unemployment being jobless for years, goat fucker....why do you hate being a responsible citizen....like taking the shot or working......BWAAAAAAAAAAAAA!!!!
See the difference is always the same.
Denney's lies.
I post what Roger actually said.
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