Tag Archives: economy

Tabacco’s All-Time No. 30 Hit @Blog-City: 15,637 Hits – GPI (GENUINE PROGRESS INDICATOR) Vs. All Other Economic Indicators: Only GPI, Not GDP, Tells The Whole Truth! That’s Why GOP & Dems Won’t Use It! GDP Treats Crime, Pollution, Medical Expenses, Home Repair Bills As GDP Pluses – GPI1 of 2 – RI10

Economists, policymakers, reporters, and the public rely on the GDP as a shorthand indicator of progress; but the GDP is merely a sum of national spending with no distinctions between transactions that add to well-being and those that diminish it.

“A rising tide does not necessarily lift all boats—not if the gap between the very rich and everyone else increases. Both economic theory and common sense tell us that the poor benefit more from a given increase in their income than do the rich. Accordingly, the GPI rises when the poor receive a larger percentage of national income, and falls when their share decreases.”

Tabacco: People, who cannot afford to buy Stocks & Bonds, generally do NOT follow the Markets. If you cannot sign your name to a personal check which will clear – greater than or equal to $1-million – all that Growth indicated by the GDP is NOT YOURS! None of that “Growth” affects you in any way. If it belongs to Trump, Bush and the Koch brothers, not in your bank account or pocket, it does you no good. This Process has 3 names, which have become dirty words: “TRICKLE DOWN”, “CLASS WARFARE” & “REDISTRIBUTION OF WEALTH” – you’d better relearn those terms and verbalize all three early and often! Continue reading

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END THIS DEPRESSION NOW! HOW? 1- Reinstate Spending Cuts! 2- Put Teachers & Infrastructure Workmen Back To Work! 3- Do NOT CUT ENTITLEMENTS, Which Now Would Be A Disaster! & Most Importantly, 4- Hire Jack Lew As Treasury Secretary To Campaign Against This Austerity Obsession. – “Paul Krugman On Why Jobs Come First” (& 5- Disregard Any Unproven “Axiomatic” Economic Assertions From Tea Partyers, Conservatives & Republicans Because Their Solutions Only Exacerbate The Problems & Those Machiavellian Solutions Never Apply To Them! – Tabacco’s Educated Interpretation Of Krugman’s Rhetoric)

PAUL KRUGMAN, “DEPRESSION ECONOMICS is when the normal things you do to boost the economy, have the Federal Reserve cut interest rates a little bit, are no longer available or effective. It’s a situation where the normal rules of what you– of economic policy, have to be put on hold, and you really need to do extraordinary stuff.

The United States is not like a European country that doesn’t have its own currency. The U.S. government cannot run out of cash UNLESS CONGRESS PREVENTS IT, you know creates an entirely self-inflicted shortage through the DEBT CEILING. How is it exactly that we’re supposed to have this crisis that leads to a double dip recession? It really doesn’t even make sense as a story.

It (Loss of Confidence in $) could lead to a weakening of the U.S. dollar against other currencies. But that’s actually a good thing. That would make U.S. exports more competitive. That would actually boost our economy.

It is not a legitimate tactic of politics to threaten to destroy the country if you don’t get what you want.

So sure, by all means, let’s think about it (Budget). But it should not be dominating our policy discussion now”. – TABACCO: Will somebody – anybody – inform the Republican Boy Who Cried Wolf about this! Those IDIOTS on the ‘Right’ ought to know these things! Continue reading

Posted in Bush, class war, compromise, deregulation, disaster capitalism, GOP, hypocrisy, illicit drugs, knowledge is power, Obama, outsourcing, political ping pong, Politics, socialism4richcapitalism4poor, sophistry, takebackamerica, warpeace | Tagged , , , , , , , | 3 Comments