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View Diary: If you think sequester will be bad, wait until they gut Social Security (195 comments)

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  •  Who told you that the economy is growing? (14+ / 0-)

    Certainly not the year after year increases in the numbers and percentages of people on food stamps, losing homes, losing wages, burning up their savings, out of work for so long they are no longer counted in the unemployment statistics, etc.

    Given the reality which all the Austerity nations have experienced -- that cutting back HURTS the economies further -- why would anyone expect different in our case?


    We live in a nation where doctors destroy health; lawyers, justice; universities, knowledge; governments, freedom; the press, information; religion, morals; and our banks destroy the economy. -- Chris Hedges

    by Jim P on Fri Mar 01, 2013 at 10:09:41 AM PST

    [ Parent ]

    •  google "GDP" (0+ / 0-)

      and yes, I am very aware that economic growth has not been shared equally and that many people are still suffering the effects of the Great Recession (and the Bush policies that preceded it).

      But the economy is growing.

      I am also aware that austerity right now is a really terrible idea.  But it strikes me that many (if not all) of Obama's proposals are of the "austerity later" variety.  Almost like he's trying to balance the short-term goal of economic growth with the long-term goal of getting the debt under control.

      •  But the GDP figures are as cooked (4+ / 0-)

        as the unemployment figures. The official "economist" world of abstract notions has long been divorced from the real economy. Hell, the big banks all reported profits last year, every penny of which came from government and Fed aid. Otherwise they would have reported losses.

        Whatever graphic you have with an up-pointed arrow, the reality of people's lives -- in tens of millions of lives -- has been a steady deterioration. Surely you've noticed.

        We're living in a Great Depression.

        The official reality of our politicians is not reality as lived by humans and we shouldn't enable them by adopting their premises.

        Both parties are working for the 1%. The only difference is whether it's the faction of the 1% who are plainly heartless or the faction which regrets having to act in a heartless manner.


        We live in a nation where doctors destroy health; lawyers, justice; universities, knowledge; governments, freedom; the press, information; religion, morals; and our banks destroy the economy. -- Chris Hedges

        by Jim P on Fri Mar 01, 2013 at 11:28:39 AM PST

        [ Parent ]

        •  well that's one way to look at it (0+ / 0-)

          no good news, ever!  If you hear good news, it's a lie.  If you hear bad news, the truth is worse.  The only way you can know something is true is if the news is so bad your ears start to bleed as soon as you hear it.

          •  Horse hockey! (4+ / 0-)

            Using real people's lives, are things improving for them or getting worse? The counting stats are what they are. If feeling good or not feeling bad is your concern... well that's a different thing that what is actually happening, isn't it?

            Food stamps, unemployed, homeless, foreclosed, wage decrease, cashing in 401K and retirement accounts, increase in children living in poverty, decrease in numbers of employed, inflation of life necessities (which affects only 95% of the people) at 9% and growing, continual outflow of good paying jobs off shore, raising of federal and state and local taxes....

            All these are increasing. So there's figures showing rich people and companies are getting richer, but they also don't put the money into the US, and that's like, what? cheery news?

            And about GDP as an indicator here's a thought experiment: say 300,000,000 Americans have to go into the hospital today for an overnight stay. Given a one-day cost of hospitalization at $10,000, the GDP will officially rise by $3,000,000,000,000 ($3 trillion). In fact in the real world, 19% of GDP comes from medical/insurance costs. See why it doesn't really tell you anything about the actual production of an economy?

            Sorry I'm not happy we're in a Great Depression and the politicians are doing what they can to make it worse for people.


            We live in a nation where doctors destroy health; lawyers, justice; universities, knowledge; governments, freedom; the press, information; religion, morals; and our banks destroy the economy. -- Chris Hedges

            by Jim P on Fri Mar 01, 2013 at 11:49:31 AM PST

            [ Parent ]

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