Economic Boom and Bust

Today another poster posted the following remarks about America’s present economic status on AJC columnist Jay Bookman’s blog.  That poster’s words giving facts and my words giving theory follow:

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Another poster: “Hillary Clinton received another piece of good news to head into the weekend with: a stellar jobs report.

The Labor Department announced Friday that the U.S. economy added 271,000 jobs in October, pushing the unemployment rate down to 5%. To put that figure in perspective, the last time the jobless rate was 5% was in April 2008 — when Clinton and then-Sen. Barack Obama were battling for the Democratic nomination for president. At the end of Obama’s first year in office, the unemployment rate peaked at 10% in October 2009.

The most striking bright spot in Friday’s report was wage growth. After remaining stubbornly stagnant, average hourly earnings rose 2.5% — the best gain since 2009.”

My Response:

“Republicans will find a way to spin that economic truth to a negative.  They do not seem to have the courage to look truth square in the face and vote accordingly.
Speaking of Pride before the Fall, the Republican Pride is so great that they would rather put all Americans in line for another economic crash than admit that Democrats usually have solved the economic problems Republicans have created.  ‘Trickle Down’ has been a disaster because it causes the economy to shrink to an economic field in which only the very wealthy thrive (for a while).  On the other hand, Middle class economic growth is the answer for everyone – rich and poor alike.
‘I will buy the goods you are selling,’ and vice versa, when the economy thrives – from the middle class, outward, to all.”

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One Response to Economic Boom and Bust

  1. Neither Republicans nor Democrats do what is really needed – reverse a process in which government interference causes problems which are used as reasons for more government interference.

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