What is your opinion about the state of the state of the economy?

[trackfan]

This is inspired by all the talk of "recovery" and "double dip", etc., which may be accurate according to some technical definition, but, in my opinion, is pure bullshit. (Being bullshit doesn't necessarily make something false, or a lie; it just makes it bullshit).


http://www.martinigod.com/blog.htm

[Ruby the Liberal]

1. Economy was great in the 1990s

Tech bubble and deregulation didn't kick in fully until after 2000.

[provis99]

2. wage income in the 90s flatlined even though productivity was up.

However, the rich made tons of money in the 90s, which is the standard we seem to use these days for judging the economy.

[Ruby the Liberal]

3. The 1990s had low unemployment and balanced trade, but the policies enacted

set us up for a long term FAIL which I think culminated with NAFTA and then Gramm-Leach in 1998.

[On the Road]

4. How Can Anyone Possibly Think

the economy was bad in the Clinton years?

[trackfan]

5. I went with 2001.

The economy fundamentally took a wrong turn under Reagan, but I think there really was a recovery in the 1990s separate from, and prior to, the dot-com bubble.

[On the Road]

6. How Can Anyone Possibly Think

the economy was bad in the Clinton years?