" The September report came in well ahead of the Dow Jones consensus forecast of 150,000, leading to an audible outburst of angry “howevers” from the economists surveyed. "
FUUUUUUUUUUUUUUCK economists. Just had to get that off my chest.
This false belief has partly to do with the activities of the GOP over many decades. They are obviously pro-big-business, anti-regulation, and all about the Stock Market. But Wall Street's wellbeing isn't simply reducible to the country's wellbeing, other than the stark reality that if "the Market" tanks and stays tanked, we all go down with it even if we own no stocks. But the Dems are the ones who have a sound basic understanding of how to manage capitalism through a crisis. The Republicans are usually unwilling or unable to do anything but cheerlead for their mythic free market from the sidelines. They manage to line their own pockets with goodies one way or the other, but that's about all.
Obvs repubs are better at business cuz they have more money unless they're working class trumpers in which case "better at the economy" is code for "keeps the dark-skinned ppl poor and in their place".
Voting according to economic strength seems like an objective, nonemotional, common-sense criterion, so for 40 years they've lied to themselves about its actual strength to keep from admitting they are really voting according to illogical emotional criteria that would make them look bad, like racism and sexism and homophobia.
It's cause the press keeps insisting they are. Even when they ask these questions they are leading. Like "Republicans are usually considered best at Economy. Who do you think is good at economy? Republicans, who are usually considered best at Economy? Or those other guys?"
We met with our bankers earlier today (which makes us sound much richer and much snootier than we actually are), and I asked the guy what it means that the Fed dropped interest rates.
He said I meant that banks could borrow money from the Fed at lower rates, and therefore, people could borrow money from banks at lower rates -- yes, he actually said, "we pass the savings on to you".
It's like if a store gets goods cheaper from its supplier, they can sell them for cheaper.
Yes. And if we could make inroads into the false belief, the GOP would never win another election because for the most part, the people support Democratic positions on social issues.
Republicans haven’t been good at “economy” since before Hoover. But they are good at telling the media that their agenda of cutting taxes for the wealthy and getting rid of “job killing regulations” is what the economy needs.
And of course, the stenographers in the media never question that premise.
There's the fiction that the businesses are the ultimate and only "job creators." That's nonsense--the consumers' needs and wants are at least as important. Sometimes clever advertising and inventing can "manufacture" wants or change our perceptions about what we desire, but in the main, people want the stuff they want, and the cycle starts from there.
Consumers are more important than businesses. Businesses don’t hire more people out of the goodness of their heart or just because they’ve got more money lying around. They do it only because the demand from consumers has gone up and usually, as the last resort after squeezing as much productivity out of their existing workforce first.
That zombie lie about cutting taxes for the wealthy needs, well, whatever kills Zombies (a double tap?). I've never had anything trickle down to me from giving rich bastards more money.
C'mon and zoom zoom zoom-a zoom! We want to zoom zoom zoom-a zoom!! Love to DOK for this post!
" The September report came in well ahead of the Dow Jones consensus forecast of 150,000, leading to an audible outburst of angry “howevers” from the economists surveyed. "
FUUUUUUUUUUUUUUCK economists. Just had to get that off my chest.
This false belief has partly to do with the activities of the GOP over many decades. They are obviously pro-big-business, anti-regulation, and all about the Stock Market. But Wall Street's wellbeing isn't simply reducible to the country's wellbeing, other than the stark reality that if "the Market" tanks and stays tanked, we all go down with it even if we own no stocks. But the Dems are the ones who have a sound basic understanding of how to manage capitalism through a crisis. The Republicans are usually unwilling or unable to do anything but cheerlead for their mythic free market from the sidelines. They manage to line their own pockets with goodies one way or the other, but that's about all.
Obvs repubs are better at business cuz they have more money unless they're working class trumpers in which case "better at the economy" is code for "keeps the dark-skinned ppl poor and in their place".
Voting according to economic strength seems like an objective, nonemotional, common-sense criterion, so for 40 years they've lied to themselves about its actual strength to keep from admitting they are really voting according to illogical emotional criteria that would make them look bad, like racism and sexism and homophobia.
It's cause the press keeps insisting they are. Even when they ask these questions they are leading. Like "Republicans are usually considered best at Economy. Who do you think is good at economy? Republicans, who are usually considered best at Economy? Or those other guys?"
That is how
Yes. A lot of it seems to be that kind of reinforcement and repetition.
Ta, Dok. My jobs report is ... I'm still at it. I'm waiting for (1) our Union contract, and (2) retroactive pay before I make a move.
We met with our bankers earlier today (which makes us sound much richer and much snootier than we actually are), and I asked the guy what it means that the Fed dropped interest rates.
He said I meant that banks could borrow money from the Fed at lower rates, and therefore, people could borrow money from banks at lower rates -- yes, he actually said, "we pass the savings on to you".
It's like if a store gets goods cheaper from its supplier, they can sell them for cheaper.
I'm pretty sure that's good news.
What's good news if you have an IRA is the positive effect that the interest rate drop had on the stock market.
This is not complicated.
They think "Republicans are good for the economy" because the world has been wallpapered with that BS for the past 40 years.
Yes. And if we could make inroads into the false belief, the GOP would never win another election because for the most part, the people support Democratic positions on social issues.
Headline at Marketwatch. Rates were raised too much, too fast.
Hahahahajahahaha good god
Republicans haven’t been good at “economy” since before Hoover. But they are good at telling the media that their agenda of cutting taxes for the wealthy and getting rid of “job killing regulations” is what the economy needs.
And of course, the stenographers in the media never question that premise.
There's the fiction that the businesses are the ultimate and only "job creators." That's nonsense--the consumers' needs and wants are at least as important. Sometimes clever advertising and inventing can "manufacture" wants or change our perceptions about what we desire, but in the main, people want the stuff they want, and the cycle starts from there.
Consumers are more important than businesses. Businesses don’t hire more people out of the goodness of their heart or just because they’ve got more money lying around. They do it only because the demand from consumers has gone up and usually, as the last resort after squeezing as much productivity out of their existing workforce first.
That zombie lie about cutting taxes for the wealthy needs, well, whatever kills Zombies (a double tap?). I've never had anything trickle down to me from giving rich bastards more money.
I understand those voters
They’re racist morons
I was so happy that I bought two Wonkette coffee mugs just now!
Professor Prettypaws learned to tie his tie on reddit, didn't he?
(PS. the Professor may want to buy some stickers from my website, I have two different black cat designs right now-- nobodyssweetheart.com/store)
Just bought a sticker! (I think you could raise your prices a little bit...)
the new stickers are a buck for a limited time.
Professor Prettypaws is the REAL force behind Wonkette, isn't she?
I love that tie. Bow tie meets four-in-hand!
Heh whenever these positive job reports happen, always remember...
McCain's Law is Cruise Control for Cool (and Clicks!)
so, we can't arrest ntac ron fournier, since he's acted within the law?
>>Professor Prettypaws knows his tie is weird. He’s sensitive about that, be nice.<<
To be honest, I was expecting the tie to be adorned with a fish.