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« Less Than Two Months | Main | Unreliability »

The Goldilocks Economy

Larry Kudlow gave a speech on Sunday in DC on "the greatest story never told." He's starting to tell it. You'd think that, with the Democrats running the Hill, the media would like to talk about the great economy now. But I guess they're still afraid of George Bush getting any credit. (Not that presidents have that much to do with the state of the economy, contra all the people who foolishly didn't want Clinton removed from office because we had a high stock market, but the tax cuts certainly helped.)

Posted by Rand Simberg at January 30, 2007 02:04 PM
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Comments

Good economies are not always good for everyone.

If you work in manhattan for the financial trade, it's great.

If you work in New Orleans, or rather used to, well,
it's kind of tough.

Posted by anonymous at January 30, 2007 06:39 PM

Rand, PLEASE ban this idiot. BTW Analmous, I know some people doing quite well in Nola. Many parts of the city and surrounding area have recovered, you twit.

Posted by Bill Maron at January 30, 2007 07:26 PM

"Good economies are not always good for everyone."

Yes, as you continually demonstrate, the surplus on stupid has no end in sight.

Posted by Josh Reiter at January 31, 2007 12:45 AM

And more to the point, good economies are only good for everyone when the Democrats are in power, apparently...

Posted by David Summers at January 31, 2007 08:00 AM

"If you work in New Orleans, or rather used to, well, it's kind of tough."

From what I hear, there is plenty of work in New Orleans at good pay. Fast food jobs can pay $11/hr. Construction work is so plentiful it is affecting construction times all over Texas as workers flock there.

The problem is the long commute to housing, not jobs.

Posted by ech at January 31, 2007 10:04 AM

If you commute 2 hours each way from work to home,
that sure reduces your effective hourly wage.

Posted by anonymous at January 31, 2007 09:06 PM

Then wtihold your services and let the market establish a wage that will support your commuting into downtown New Orleans to work.

It isn't the market's fault if you chose to subsidize it with your actions.

Posted by Mike Puckett at February 1, 2007 08:59 AM

At which point it's not a particularly good economy.

Posted by anonymous at February 3, 2007 07:04 PM


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