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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (9419)	3/21/2004 8:58:05 PM
From: Brumar89	Read Replies (1) \| Respond to of 81568

I hadn't seen the Greenspan thing. I know the household survey is based on a sample, but so is the payroll. Still seems reasonable to have a measure which includes self-employed and contract employees. Re. your monetary stimulus comments, what would higher interest rates do to employment? Hard to imagine and argument that that would increase employment. Ignoring science? I don't see it. Re. alternative fuels and fossil fuels, I think we'll be dependent on fossil fuels a long time. A giant move now toward alternative energy would require major subsidies which would have big economic costs. I don't think a lack of science is holding up alternative fuels as economics. Fossil fuels are the most economic now. When that isn't the case, alternative energy will move ahead.

To: CalculatedRisk who wrote (9419)	3/21/2004 9:28:18 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 81568

The early '90s, especially in California with all the defense cutbacks under GHW Bush, was definitely worse. Worse in your part of the state, the SoCal area, but not here. This economy is by far the worst we have seen in Silicon Valley, Seattle and some say Boston- EVER. The problem is that the technology centers were the destinations of choice for the new college graduates and also served as hubs for new business ventures. So losing the tech economy is particularly painful to groups of people that don't necessarily live here. If the Bush people think they can spin it like "this economy is better than Texas in the 80s" they are sadly mistaken. The oil economy never drove the US economy like Silicon Valley did.