(no subject)

[ineffabelle]

"I’ve said it elsewhere, but this is important to keep in mind about the current economic clusterfuck:

A true recovery will require three things.

  1. Higher savings, which the Krugman types will hate.
  2. Increased incomes via labor power, which the right-wing will hate.
  3. An endless supply of patience as the bile dissipates, which we’ll all hate.

If we don’t see all three, then either we’re inflating another bubble or it’s pitchfork time.  Period."
- B-Psycho

Comments

[firepower.livejournal.com]

I fear we have neither the fellow-feeling nor the decency to see all three and not engage in civil disorder out of ideological spite.

I'm not against being pleasantly surprised.

[amp23.livejournal.com]

i largely concur, and have even seen articles dismayed that people are saving for the first time in decades when we need more air pumped into the deflating credit bubble. the problem there though is most folks are saving us dollars which has a volatile and risky future to say the least.

then there's the skyrocketing unemployment while those not getting laid off with the other 2/3s of a million people per week are getting hours and pay adjustments downward and tax adjustments dramatically upward across the scale.

it may very well be pitchfork time, considering the solutions offered by the architects of the mess which reward themselves for failure while strapping generations with odious debt.

[not-hothead-yet.livejournal.com]

not gonna be much savings if banks continue to fob their losses off on customers via ungodly low interest rates. mattress saving against inflation works better fer gawds sakes. especially considering my mattress doesn't fucking charge me for the privilege of keeping my money.

increases in labor income? you gotta be kidding me. the GM debacle has served to make sure conservative types will vilify unions and therefore workers forever. According to Hannityites, CEOs and other upper echelon of business are being shit on because they aren't raking in their usual billions of dollars but damn those workers trying to vie for advantageous contracts! After all, we all know that we exist at the pleasure of the Corpos and we need to remember that we owe them everything lest they take away our capital. (nevermind that that's exactly what corpos have been doing for the last ten years oh thank you Reaganomics and BushCo AKA "Kiss the billionaires ass for the privilege of being allowed to lick his boots clean"

Patience? Geeziz most Americans can't wait for the new administration to get things going before they start bitching that its' all going to hell in handbasket.


No, the only REAL way we'll recover is through the corpo-lovers to die off and let the "elite" handle things for a while. As it is, anyone with half a flippin brain and an education is branded an intellectual traitor because they're "elite" so we can bank on an American version of the RUssian Braindrain that happened in the 70s and 80s.

[not-hothead-yet.livejournal.com]

or blow up all the credit reporting company files. Equifax, Transunion and that other one... always forget their name...

[not-hothead-yet.livejournal.com]

can you tell this whole thing pisses me off?

fucking conservatives had things their way for a LONG time and this is in fact what we get for it. Gonna take a LOT longer to really fix it than it took to get here. Partly because there'll be so many short-term "fixes" along the way to satiate the public every time they start making riot noises.

Conservatives never goddamned learned the basic lesson... the one I call the "French Revolution" lesson - if you don't give people basic survival, they'll rise up and slit your goddamned throat. DUH.

[wolodymyr.livejournal.com]

Awesome. Especially 3.

[lassiter.livejournal.com]

increases in labor income? you gotta be kidding me. the GM debacle has served to make sure conservative types will vilify unions and therefore workers forever.

I'd love to hear some leading conservative pol have to explain how lowering US workers' wages (via layoffs, outsourcing, breaking of union contracts, etc.) helps the "real" economy. Even that old fascist Henry Ford understood that he needed to pay the workers enough so they could afford to buy the cars they made.

[not-hothead-yet.livejournal.com]

didn't you know? anything that lowers costs for corpos is a boon for consumers. corpos naturally will lower prices, so inflation goes down, and more people can afford to buy so demand goes up and then corpos can hire more workers. IT ALL MAKES PERFECT SENSE!