[lbo-talk] the conservative mind

[Jeffrey Fisher]

On 2/28/06, Doug Henwood <dhenwood at panix.com> wrote:
>
> Jeffrey Fisher wrote:
>
> >===
> >Sometimes Bartlett is a tad too robust. His chapter "Why the Bush
> >Tax Cuts Didn't Deliver" might be more convincing were the economy
> >not in the fifth year of a humming expansion.
> >===
> >
> >are we prepared here to agree with that claim of will's?
>
> It's not really humming. Despite massive fiscal and monetary
> stimulus, this is the second-slowest post-World War II expansion,
> based on GDP growth, and the slowest in employment growth. It's been
> great for corporate profits, though.
>
> Doug

well, this is the thing i don't get. how is will allowed to get away this?
if we say it enough times, loud enough, it will be true? is it just that
everyone wants to believe it? or is it precisely because the focus is on
profits? are profits during this expansion better than the clinton-era boom?
are they even comparable? according to what measures?

i'm sorry if i'm being dense, here, but what am i missing? is there
someplace i can go that would help me get caught up on this in a quick and
dirty way w/o people here having to repeat themselves or state the obvious?
cause i admit i've barely gotten my head out of the sand (yes, i said *the
sand*) for the last oh, well, year, really.

j

--
"lo que decimos no siempre se parece a nosotros"
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