That’s Right Nate

Thoughts from a right thinker.

Its the economy stupid

with 5 comments

I’m getting really tired of talking to lie-berals who don’t get the economy.  Today we learned that the unemployment rate fell from 5.1 to 5% last month.  Good news right?  No, of course not.  The lie-berals want to tell you that the US lost 20,000 jobs in April.  I’m sorry, but if the unemployment rate went down what does it matter how many jobs we lose?

McCain proposes a wonderful idea–a break from federal taxes on gasoline over summer.  The lie-berals claim that all the savings will go to oil companies and that even if the oil companies didn’t just use the tax breaks to fatten their own wallets, the average American family would only save like $30.  Well what about those of us who like our air conditioning and drive a car that’s a bit more full sized.  I figured with my Jeep Cherokee I’d be saving $100.  This is about shared responsibility.  If your car gets good mileage great, but what about the rest of us who are getting 10 miles per gallon.

The lie-berals will tell you that times are tough, but that’s not even remotely true.  The market is up  almost 11% in the last few weeks.  Junk bonds, those risky corporate IOUs, are rallying. The value of financial shares, bank loans, tricky credit derivatives — up, up, up.  Many on Wall Street, the epicenter of the credit mess, seems to think that the worst is over

Don’t believe everything you hear America.  The weak dollar is going to give us an amazing economic turnaround.  There’s money to be made.  Take that extra cash you have gathering dust in the bank and hit the market.

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Written by thatsrightnate

May 2, 2008 at 5:17 pm

5 Responses

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  1. If the rate is down because people stopped looking for work, that’s bad.
    The numbers don’t measure the quality of jobs. Someone taking a job at half the pay of the job he lost is still counted as employed.
    Joe

    joetaxpayer

    May 2, 2008 at 6:12 pm

  2. Thank you for replying Joe, but I see absolutely nothing wrong with hard work.

    thatsrightnate

    May 2, 2008 at 7:31 pm

  3. Sometimes I get the feelilng that we’re rushing toward dystopia, with the oil setting us up for inflation that is going well beyond the price of gas at the pump, the fact that we were depending on a housing bubble as the backbone of economic growth – such as it was – for this past decade, and the fact that there’s no high enough demand for labor on the horizon to put us back on track. I hope it’s just a perception. I don’t even like dystopian fiction, let alone a reality set in it.

    zenyenta

    May 3, 2008 at 7:03 am

  4. I believe that prosperity is right around the corner.

    thatsrightnate

    May 3, 2008 at 7:48 am

  5. And don’t forget how good war can be. World War II lifted us out of the Great Depression and the conflict in Vietnam kept our economy humming in the 1950s and 1960s. It’s only when we cut and ran that the great inflation started. McCain’s plan for another Hundred Year’s War is not only the right thing to do morally, it is the answer to our economic problems. Things will only get worse if the liberals take over. The last time we had a radical feminist and a pussy in the White House (Betty and Jerry Ford) economic chaos resulted. Hillary = radical feminist, Barry = pussy. Take your pick and watch this country be devoured by our Saudi and Chinese creditors. At least there will be a lot of new jobs for teachers (if teaching is a real job) of Chinese and Saudi Arabian.

    Fawn H

    May 3, 2008 at 8:30 am


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