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View Diary: Obama Bouncing Back, According to Multiple Pollsters (131 comments)

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  •  I see two different issues when I look at the (0+ / 0-)

    economy.  Whether it is recovering (just to collapse again and not provide the middle class with any gains anyway) and whether it is sustainable.

    Politically, good news regarding our next short lived recovery is...well... good news.  However, it's not really what I want.  We need to restructure ours to be an economy that benefits the middle class and creates sustainable jobs that don't get offshored. (hint: green energy economy)  I don't confuse one with the other.  I also don't see my desire for the second issue as a good reason to ignore positive data regarding the first issue.

    Some around here are obsessed with doing so.

    Picture a bright blue ball just spinnin' spinnin' free. It's dizzy with possibility.

    by lockewasright on Wed Sep 16, 2009 at 09:17:35 AM PDT

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    •  Like what you write, just keeps coming back (1+ / 0-)
      Recommended by:
      lockewasright

      up to me that we are spending lots of money to climb back up the ladder of economic success, only to find it up against the wrong wall.

      So what does good news mean? Recovery? Recovery to the Bush years level of success? Clinton years?

      JeromeaParis: "Unprecedented Prosperity

      We keep on being told that the current crisis should not lead to a paradigm change, because, while it lasted, the financial services-led growth led to unprecedented prosperity for all.

      Can we please kill once and for all that myth? As the most recent census numbers show, real median household incomes have been stagnant over the past 10 years. Either the prosperity did not exist, or it was not shared. Either way, the vast majority of people never saw it.

      Sorry for the down tone...

      •  For all? Really?! (1+ / 0-)
        Recommended by:
        divineorder

        We keep on being told that the current crisis should not lead to a paradigm change, because, while it lasted, the financial services-led growth led to unprecedented prosperity for all.

        Recovery (GDP growth and small gains in employment/wages) means good political fortunes for the dems because they will claim credit (and maybe be deserving too.  We did do the stimulus afterall), but ever since that B movie actor and illegal arms dealer started this reverse Robin Hood economic policy and then it got coupled with the freemarket/deregulation fetish we have been on an unsustainable path that leaves the middle class destitute and also leaves a consumer driven economy with consumers too damn broke to do enough consuming.

        "For all" my arse!  We need to overhaul the system.  Perhaps the president is right and we need to go into recovery first (stop the bleeding), but the overhaul has to come or it'll all just be part of a redundant cycle.

        Picture a bright blue ball just spinnin' spinnin' free. It's dizzy with possibility.

        by lockewasright on Wed Sep 16, 2009 at 09:44:07 AM PDT

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