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To: Ilaine who wrote (907)9/23/2005 5:16:28 PM
From: Gut Trader  Respond to of 1118
 
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To: Ilaine who wrote (907)9/24/2005 12:26:57 PM
From: Rande Is  Read Replies (2) | Respond to of 1118
 
OT> economy is booming, and unemployment remains low.
I truly believe the only economy that is booming is the one measured by hundred year old rulers. If our economy is measured by how factories are doing, and factories have increased productivity by automating and sourcing parts from China, then how can we continue to use them as a barometer? What factories do, no longer reflects the rapidly changing dynamics within the true American economy.

Manufacturing is so productive, it can be in a boom period, while it lays off thousands. Our economy can boom while the people bust.

As for unemployment remaining low, that figure is based on persons filing for unemployment compensation. But when the company you work for doesn't take out unemployment compensation insurance, then there is no reason to file for what is not there. And there is no measure of the growing number of persons who are unemployed who do not report it. Likewise, there is no significant measure for underemployment.

I would like to see the figures of how many cans of Campbell's Chicken Noodle soup one week's salary would have bought in the 50's, then 60's, then 70's, 80's, 90's and today. Then how many McDonalds burgers. Then how much electricity for the home. Then how much fuel for the car.. . etc. etc.

I could imagine many scenarios that go something like, "10 years ago, I was making 40,000 gallons of unleaded gas per year or 2 million McDonalds burgers or 4.3 Chevy Geos or 21,000 Kw hours of electricity. I received two raises equalling a total increase of 9% over 10 years, but now I make 18,000 gallons or 1.2 million burgers or 2.9 Chevy Geos or 8,700 Kw hours of electricity."

Now those are numbers that make sense. They reflect the economy in terms that we can use and demonstrate the disparity between wages and prices. It would also demonstrate the TRUE inflation rate. . . .not the one the FED tries to get us to believe.

Once the grocer gets you to agree to pay $2 for a head of lettuce, he will never go back to selling them for 35 cents a head. The price increase was caused by a shortage. The shortage ended, but the prices never went back to the original price. . . because people agree to pay more.

Perhaps what we need are some good old-fashioned boycotts? Anyone even remember the last effective nationwide boycott? We just don't care. If we will pay $3 for a gallon of gas, then why not $6? or $10. And supply never had anything to do with price. . . only traffic patterns did. Check the charts.

Sorry for the rant. Sore subject with me.

Rande Is