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Sunday, April 16, 2017

The 800 Pound Gorilla


So while we’re all wondering about the whacked out cherub and his missile and nukes, and what China is prepared to do to keep their aggressive swiped gains in the SCS, and whether Putin really wanted the Patriots in the election instead of the Falcons, and if NATO has paid it’s bill, and if AQ or ISIS or the Taliban deserves immediate attention today or how many US troops are the right number in the Iraq, Syria and Afghanistan (IF ANY), I read the following in an article about why Americans are moving less now than ever.
EVER.
That locked-in syndrome is a factor in economic stagnation, too: A recent Wells Fargo survey found that white-collar office productivity growth was zero.

As the economy was supposedly recovering from the financial crisis, from 2009 to 2014, American median wages fell 4 percent. Men’s median incomes today are actually below 1969 levels. Had we retained our pre-1973 rates of productivity growth, the typical household would earn about $30,000 a year more than it does.

Despite all the hype attached to a few tech companies, far fewer companies are being formed than in the 1980s, and fewer Americans are working for startups. Such new companies are linked with rapid job creation.
So let’s see, if we had only kept doing what we were doing BEFORE free trade (~1979) each of us would have about $925 more (after all taxes) in our twice a month paycheck.
So when we hear the data about these companies and the market doing so well, WHO GAINED?
Never mind that incredibly anger inducing fact, however. This is the knot Trump has chosen to untie.
Anyone think Trump can conquer all these foreign policy questions and get re-elected without some kind of major progress for the AVERAGE AMERICAN FAMILY towards that $925 which SHOULD be in our pockets TWICE A MONTH?
If you think so, I have a name for you: GEORGE HW BUSH. (41). More successful in FP than any president since the end of WW2, BUT…ONE TERM despite 80%+ approval at one point.
Trump’s selected Gorilla is worse than that …
Studies show major benefits for the children of poor people who move to better-off neighborhoods via, for instance, a program called Moving to Opportunity. If a poor child from a bad neighborhood moved to a middle-class neighborhood at age 8, his expected lifetime income would be $302,000 higher than if he stayed put. Still, the bias toward inertia is so strong that 52 percent of impoverished black families told about Moving to Opportunity declined offers to participate.
One reason people don’t move where the jobs are is because of real-estate prices — which in turn are kept at high levels by regulatory restrictions and NIMBY-ism. In New York City in the 1950s a typical apartment rented for $60 a month, or $530 today if you adjust for inflation. Two researchers found that if you reduced regulations for building new homes in places like New York and San Francisco to the median level, the resulting expanded workforce would increase US GDP by $1.7 trillion. That won’t happen, though: More homes would diminish the property values of existing homeowners.
That’s both institutional and cultural resistance.
So while hopefully the guys from the NSA/CIA/FBI who smile and tell us…
have gotten into the Nork strategic systems and inserted something like
do while
kim pushes button;
launch;
wait (15);
fly into ground;>
and no one knows the better (and GOOD ON THEM, on this one), Trump can expect that all this necessary stuff to DOING that job is NOT going to help him or the Republican party unless he laser focuses on the BIG GORILLA.
If no progress is made on that front for WHATEVER REASON, expect a Bernie.
PUSH IT, TRUMP.
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posted by Epaminondas at permanent link#

9 Comments:

Anonymous Anonymous said...

Your post is a sad commentary on our instant self gratification society. You mentioned Bush and His one term. People think by a stroke of a pen everything changes right now. If you will recall what happened to our economy during Clintons term It expanded quite nicely. Someof it was Clinton but most was polices from Regan and bush. We have 16 years of shitty policies and 4 years is not going to have a big affect. Hopefully enough people will see that change is slow. Trumps policies will start to take affect in the next few years, but not today or tomorrow. Be patient folks.

Sunday, April 16, 2017 1:34:00 pm  
Blogger midnight rider said...

Yes anon but in this case patience is asking a man lost in the desert to wait another day for a glass of water. It is THAT bad for many of us as I have so often written here.

Sunday, April 16, 2017 2:50:00 pm  
Blogger Epaminondas said...

Anon even that is a reasonable excuse (and I on't think it is) .. the objective reality is that if that 4-6%+ GDP growth which remains tall order itself, does not hit the wallets of the middle class with the same impact as it hits wall street, in terms of what's left AFTER bill paying ... people WILL vote for the other side.

#HOWITIS

Sunday, April 16, 2017 3:08:00 pm  
Blogger Epaminondas said...

BTW Bush lost any shot when he was asked who he knew who had been affected by the recession.

SEPARATION

Sunday, April 16, 2017 3:09:00 pm  
Blogger Pastorius said...

I would anticipate that, even if Trump does manage to enact good policies in league with the Globalist House and Senate, it will still take 2 more years for the results to trickle down to the real world of American citizens.

Sunday, April 16, 2017 3:24:00 pm  
Anonymous Anonymous said...

I don't know where people are coming up with 4-6% GDP growth, it is unrealistic. In order to achieve something of that nature tesla or someone would have to be build 1000's of their gigabyte factories(example) and it took them how many years to build the factory and its not up to (Full production.

I know people are hurting myself included but I looking at my children(adults) and grandchildren. It is because of this shortsighted vision and the center and right (myself included) sitting on our fat asses until the hole was over heads. The President has very limited powers. I would say read the constitution but most of yall have. Trump has been in office almost 90 days. He has issued executive orders which I don't agree with but it is the only tool he has. He has signed about 10 resolutions which are nothing and one or 2 actual bills. Bark at congress.

Sunday, April 16, 2017 3:39:00 pm  
Blogger Pastorius said...

I agree with you pretty much 100% anonymous.

However, 4-6% GDP growth is not crazy. Read this:

http://www.multpl.com/us-gdp-growth-rate/table/by-year

Sunday, April 16, 2017 4:22:00 pm  
Blogger Pastorius said...

As far as barking at Congress, yeah, you're right.

But it is TRUMP'S JOB to bark at Congress and get them off their asses towards enacting legislation that will help the economy.

He has the will of the people behind him. He has to use it.

Sunday, April 16, 2017 4:23:00 pm  
Blogger Epaminondas said...

Anon, the 4% number COMES FROM TRUMP. That was his criterion and THAT'S WHAT WE NEED. It will take time, ALL THE TIME HE HAS, so fucking around over the tax cuts and health care is deadly. Less than 4% and our needs exceed the revenue created and we continue to be more and more people chasing fewer resources.

There is no choice but to get to that number.

All his domestic thought and energy should be on how to get the middle class to that number ..whatever it takes. And he should be telling congressmen and senators names will be named. ONE BY ONE in private. 90% of them hate his guts anyway.

China, in a horrendous recession (for them) was reported by the US at 7.25%.

Monday, April 17, 2017 11:15:00 am  

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