We baby boomers are probably to blame for the economic crisis. There are too many of us and we represent the biggest consuming group ever. We borrowed to our hearts content and now cry, “uh-oh”. Because we will live way too long, we will be responsible for breaking Social Security and Medicare. But here’s the good news, we can save America from economic disaster. (more…)
Posts Tagged ‘jobs’
Are Baby Boomers the Key to Economic Recovery?
Tuesday, March 9th, 2010Are They Economists or EconoNUTS?
Friday, February 19th, 2010I have been reading and trying to understand economics since college. The more I learn the less I know. Economics seems more about romance than science. Obama’s team says their economic policies rescued us from a second depression and created or saved millions of jobs. Are they nuts? (more…)
What is the Forgotten Jobs Number ?
Friday, January 8th, 2010The Labor Department is numbers crazy. Wall Street stays drunk with numbers. As each monthly jobs number is released stock prices can soar or drop by large margins. The political pundits spend the hours and days following these reports interpreting them in a way that makes their side look good. There is one jobs number that is seldom discussed and leaves little room for spinning. (more…)
Why are Jobs a “Lagging Indicator”?
Monday, January 4th, 2010Economics has caused me to lose my hair. The daily barrage of economic numbers, predictions, and commentary just makes me scratch my head. I didn’t go to Harvard so I guess I don’t have the capacity to get it. Everyone is heralding recovery, but Americans are still losing their jobs. That’s to be expected they say, since jobs are a lagging indicator. What? I’m sorry but that answer is no longer acceptable. (more…)
Can the Government Stimulate Jobs?
Friday, November 27th, 2009The government has spent trillions and failed to generate enough jobs to turn the economy around. Is it even possible for the government to produce jobs, other than public works projects and more bureaucrats? The answer is yes, but Obama and his experts must change their philosophy. (more…)
Is Small Business Obama’s Cinderella?
Wednesday, October 21st, 2009You know the story. The evil step mother and the two ugly step sisters take advantage of the beautiful and neglected Cinderella. This is a metaphor of our economic times. In my story the evil step mother is big government and the ugly step sisters are banks too big to fail and fat Wall Street companies. Obama is the cool Prince and small business is Cinderella. (more…)