Liftoff
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- November
- 1
I wish this wasn’t true. The cash for clunkers and first time home buyer credits appear to have enticed people who were on the fence to buy homes and cars, and the “growth” numbers for the third quarter reflected that – But it can’t possibly make up for massive job losses (which is why I am so pro-health reform) and underlying economic rust: Unsustainable growth fueled by half a decade of mindless, giddy borrowing. The economy cannot ever grow the way it did without a resurgence of vast commercial and private borrowing.
Although, even if we wanted to do that, the banks aren’t going to lend the all that money we gave them when there’s important executive bonus commitments to meet.
Perish the thought, but is it possible that in addition to housing, did we also inadvertently created an employment bubble?
This entry was posted
on Sunday, November 1st, 2009 at 8:56 am by Matt Davies.
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Matt,
I’m not sure just who the “we” you mention actually is.
I bought my house in 1997, and payed it off quickly, intending to live here for life. So I’m not in the “we” who created the many simultaneous bubbles of the last decade.
Hmmm… Let’s See…..
A) Housing bubble
B) Jobs bubble
C) Ethnicity bubble
D) Political correctness bubble
D.2) Political philosophy bubble
E) Entitlement bubble… or “Rights Bubble” if you prefer
F) Disloyalty bubble
(It’s cool to hate your own commonwealth)
G) Arrogance bubble (cynicism bub or leftie echo chamber bub or just-plain-nastiness/hubris bub)
I have been watching ALL of these cultural buboes swelling ominously.
You could re-label the “flying” eagle simply:
“The United States of America”,
And re-label the trebuchet:
“Chicago/Alinsky Neo-Commie Memes”.
And have an EVEN MORE PENETRATING cartoon….
Have a nice full moon, Brudda Man.
And, oh yeah…
H) Snarkiness bub
And “oh yeah #2”....
Another GREAT cartoon.
I really don’t know how you keep doing it !
I don’t get it. This cartoon doesn’t seem to be blaming Bush for all our problems.
Matt! Are you losing your touch?!
http://tinyurl.com/aalinsky
You have to blame Alfonse D’Amato and that crew who ended the Glass-Steagal act. That allowed the too big to fails.
You can also blame corp america and off-shoring. Govt allows americans to loose their jobs to Virtual people over seas.
The people being hired are on a revolving door basis and arent held to the same scrutiny to which we are held.
When I get a job, I am finger printed, and my financial back ground checked. Off shores arent. I anyone believes you speak to the same person that was there a month or two ago you are kidding yourself.
How you can fire people and expect those very same people to buy your product is ridiculous.
Buzzword Alinsky Commie buzzword snark.
Buzzword talking point Socialist snark.
Buzzword zzzzzzzzz…....
Dude.. get a job so you can occupy your free-time with something other than this ceaseless and mindless drivel. Go volunteer, something, anything.
“Lalas”, I will notice you just long enough to point out that your personal diatribe is directly counter to Lohud policy, as stated at the bottom of the page.
If you have an opinion about the cartoon, or about the issues,by all means… go for it.
If you don’t like me, keep yer damn illiterate yap SHUT !
Illiterate? Who’s swearing at whom here bub?
I’m not sure you understand the concept of a bubble, Art. You lost me after B in your list.
As for the current topic: people do seem to be lusting after bubble-supplied growth (they want everything to be like 2006), although how you get that without the corresponding bust is beyond me. I’d be happy with slow but steady growth without the pain of a recession every 5 to 10 years.
Presumably they dropped Glass-Steagal in order to keep cash in the US, but without it wall st. obviously went hog wild. Would reinstating it “fix” everything? Probably not, but it’d be nice to see some attempt to clean things up.