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View Diary: The economy is improving - just not for you (27 comments)

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  •  short and long term (4+ / 0-)
    Recommended by:
    joedemocrat, Jim P, Sarenth, Lawrence

    I think there are some cool things that could be done short term, but longer term I am slowly coming round to the idea of shorter work weeks and maybe guaranteed annual incomes. I think the era of strong growth is done. The trick will be to find ways to distribute the gains form technology to the whole society, not just to those that own or benefit from the technology.

    There's room at the top they're telling you still But first you must learn how to smile as you kill If you want to be like the folks on the hill

    by taonow on Thu May 09, 2013 at 07:49:29 PM PDT

    [ Parent ]

    •  The 1% will never willingly consider this (2+ / 0-)
      Recommended by:
      praenomen, Sarenth

      which means their wholey-owned subsidiaries called our governments never will either.  

    •  The days of 6-12% GDP growth are gone (1+ / 0-)
      Recommended by:

      Most economists agree on a top of 3.5%, looking forward 10-15 years..

      We're underperforming massively @ 1.8% over the last year.

      These conditions over the last 4 years are intentional. The drop in infrastructure spending alone from the New Deal era, accounts for the 23-26 million people without a job.

      I mean shit... we used to spend 3.5% of GDP on infrastructure in the 70's, but since we stopped that, we now have the jobless recovery. In the 1930's we spent 5-6-7% of GDP on job creation and had 9% to 14% GDP growth.

      I hope youre not saying the current 1.8% is the new normal, cause I will smack you on the head until you say uncle.

      .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Thu May 09, 2013 at 09:15:20 PM PDT

      [ Parent ]

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