U.S. Economic Confidence Best Since 2008

U.S. Economic Confidence Best Since 2008

More realistic news on the economy. This is what happens when you keep the GOP out of office long enough for them not to be constantly raping the economy to the advantage of the wealthiest Americans. Still no credit from most Americans, it seems, for Obama's amazing steady hand in turning around the economy, in the face of what was going to be the second Great Depression. It defies all understanding. If GOP Americans care about deficits, in deeds, not empty words, they will keep Obama in office. No, growth isn't spectacular, but fast paced greed is what got us into the mess. Remember, slow and steady wins the race and the world economy is not helping the American economy to recover faster, as both Europe and Asia are facing problems with growth in their own markets.

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Jerry Seinfeld: It's amazing that the amount of news that happens in the world every day always just exactly fits the newspaper.

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Know thyself!

The spirit of this blog can be summed up thus: Know thyself! These words were inscribed in the stones of the Temple of Apollo at Delphi and they are the essential mystery of the human experience, both as an individual and as groups, throughout time.

Joseph Stiglitz on Economics

Joseph Stiglitz's recent article in Vanity Fair is an excellent analysis of the western world's current economic problems. Stiglitz is a professor of economics at Columbia University and a Nobel prize winner . The article asserts a central tenet of modern economic theory that strikes me as elementary . That tenet is that a strong economy is based upon the spending of a robust middle class . That, historically, is what drives consumption . In America, the owners of businesses are short sighted to simply cut taxes to their own class, because their own class benefits most from a flush middle class . What they gain in the short term, they lose in the medium to long term. In addition, they condemn their businesses and the overall economy to more frequent and unnecessary boom and bust cycles in the process. The American economy is undermining its own engine of growth, consumption , in the hapless pursuit of immediate riches for the wealthiest Americans, who need the m...

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