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A good analogy for the "improving" economy:

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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-03 02:44 PM
Original message
A good analogy for the "improving" economy:
Edited on Wed Dec-10-03 02:49 PM by AP
I'm improving on something I read over at the Edwards blog.

I'm hearing a lot today about how the Bush economy is getting better. Here's what I think is going on with the economy:

It's like 250,000,000 (many of whom are unemployed) went to the bank and took out a huge loan on (1) overvalued assets (like their homes), (2) future earnings which are going to decrease, and, (3) took out advances on their credit cards. They walked out in the parking lot, and the top 1,000,000 wealthiest families and big businesses stuck a gun in their backs and took that money.

Now the press is reporting that all that economic activity in the parking lot is a sign that the economy is getting better.
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JAbuchan08 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-03 02:56 PM
Response to Original message
1. I don't know if mine is any better,
But here goes: "If it rains in the desert you will be wet, but it won't last long. We've had a little rain, but the economy is still a desert"
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PVnRT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-03 03:11 PM
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2. That wouldn't surprise me
And I have a feeling the "job growth" going on is more like people taking desperation jobs because their unemployment is running out.

I would love to see the numbers on underemployed people in the country.
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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-03 03:16 PM
Response to Reply #2
3. This is what the supermarket strikes in SoCal are about:
the employers are trying to reduce benefits AND wages.

More low pay jobs. More desperation. Great!
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