thank you brave warrior! save us from the unending tide of sick, twisted "liberalism"! yours is a noble cause! few would choose it but without your efforts michael moore could one day rule the world! with tom toles and an aborted fetus at his right hand...the horror....the horror...
Economy means too many different things to different people. It could mean the current state of the job market or the local availability of goods and services (which appears to be generally increasing daily in Red State suburbia). It could be the relative rate of the dollar abroad or how far someone can stretch their paycheck. It could be the willingness employers have to take on low skilled workers and give current employees raises, or a yea/nay on what they think about their utilities bill.
"Economy" is too vague a term to measure, IMO, and probably is actually code for employee satisfaction. I wonder how a survey of just small business owners would differ in comparison to corporate desk-job drones or travelling artists.
"Economy" is too vague a term to measure, IMO, and probably is actually code for employee satisfaction. I wonder how a survey of just small business owners would differ in comparison to corporate desk-job drones or travelling artists. When they say the economy is doing well they are looking at overall growth of GDP for a given time period. A recession is defined as a two or more consecutive quarters of GDP decline. Is GDP a broad measure of the economy? yes, but it does give an idea of how the overall economy. Not sure what you are getting at in your post.
Yes, that's what economists, sometimes journalists, and students of the economy, and certain modes of thinking for average people are referring to.
But that doesn't mean it's the same 'economy' that's being referred to in the cartoon (either side, the cattle owners or the cattle themselves, could be referring to a different conception of the economy).
Certainly, 'average people' don't always refer to the same measure of GDP growth when they speak about the strength of the economy. That oversimplifies the world into an abstraction of theory.
Not to mention that it doesn't follow that if some parts of the country are getting better, all parts are. Witness what happens to military towns after a round of base closures. Try telling them that the GDP got better, so the economy is doing well.
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Date: 2006-05-16 10:11 pm (UTC)BRING ON THE CLASS WARFARE!
Date: 2006-05-16 06:57 pm (UTC)"Economy" is too vague a term to measure, IMO, and probably is actually code for employee satisfaction. I wonder how a survey of just small business owners would differ in comparison to corporate desk-job drones or travelling artists.
Re: BRING ON THE CLASS WARFARE!
Date: 2006-05-16 07:05 pm (UTC)When they say the economy is doing well they are looking at overall growth of GDP for a given time period. A recession is defined as a two or more consecutive quarters of GDP decline. Is GDP a broad measure of the economy? yes, but it does give an idea of how the overall economy. Not sure what you are getting at in your post.
Re: BRING ON THE CLASS WARFARE!
Date: 2006-05-16 08:07 pm (UTC)Yes, that's what economists, sometimes journalists, and students of the economy, and certain modes of thinking for average people are referring to.
But that doesn't mean it's the same 'economy' that's being referred to in the cartoon (either side, the cattle owners or the cattle themselves, could be referring to a different conception of the economy).
Certainly, 'average people' don't always refer to the same measure of GDP growth when they speak about the strength of the economy. That oversimplifies the world into an abstraction of theory.
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