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Unclear on the concept 
13th-Nov-2009 04:29 am
Inspiration
From Bloomberg:

In a bid to sustain the recovery, Congress passed and the administration signed a bill last week to extend jobless benefits and incentives for first-time homebuyers, adding a provision that also made funds available to current owners.

Is Congress really suggesting that if I'm out of a job, I need to buy a house???

It's time to replace this whole crowd.
Comments 
14th-Nov-2009 04:47 pm (UTC)
Is Congress really suggesting that if I'm out of a job, I need to buy a house???

...And through the magic of conspicuous consumption, Congress made everything all right again! The End.

Seriously though, isn't consumption the magic spell for everything these days? And here everybody was thinking that those trials in Salem put an end to witchcraft... ^_^
14th-Nov-2009 05:58 pm (UTC)
Consumption certainly seems to be the magic word. See lower post on unemployment and underemployment, however, and ask where people are getting the money to consume with -- or even pay the interest on the consuming they've already done.
17th-Nov-2009 03:55 am (UTC)
Consumption certainly seems to be the magic word. See lower post on unemployment and underemployment, however, and ask where people are getting the money to consume with -- or even pay the interest on the consuming they've already done.

My understanding is that the idea is to get the money from the People's Republic of China, and then use it to buy stuff from... the People's Republic of China. But, since the people making minimum wage behind the counter of The Dollar Store are U.S. citizens (or at least residents), some of that money trickles down into the local economy...

I guess that this means that trickle-down economics is the new international relations theory! :-P
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