GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: CalculatedRisk who wrote (1295)	2/10/2004 12:45:42 AM
From: Lizzie Tudor	of 173976

Most "conservatives" refuse to even listen to discussions of wealth inequality, and how it leads to slower growth, Well, the prior 6 year period is a testament to the fact that wealth inequality affects core markets. So I would like to see some discussions of this as we get closer to the elections from Kerry's side, assuming economics are discussed in depth by the democrats. We had a stronger retail, stock and job market in the 90s than now, even though labor cost more (much more), and because the labor force was highly valued and expensive, capex spending was a necessity... and of course these wealthy workers were great spenders in the US tradition. Now the whole system is hollowed out. The problem is that some government statistics like GDP are skewed in their measurement of "growth" as it pertains to offshore product so there is an illusion that this period (fall 03) is stronger economically than the 90s. Economists are surprised when Cisco says no spending or Circuit City shuts stores. Or maybe it is just RIGHT WING economists that are surprised, I don't know.

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