A Christmas Dire Economic Post!

Well, I was in the holiday mood, if only for a moment.

This is a really interesting web site. It has a lot of wonderful pictures, cartoon and good number of scary economic graphs. Did I mention the good writing? You might hit the link and explore further.

James Pilant

Alan Blinder gets it: current economic conditions are reminiscent of the setting of Dickens's "A Christmas Carol." America may now be the greatest place on earth to be rich but an awful place to be poor.   Exactly! The problems Blinder cites are unemployment (both its level and duration), wages (the gap between growing productivity and stagnant wages), taxes (payroll taxes now bring in almost as much revenue as incomes taxes), and deficits ( … Read More

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