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2007-12-28 Home Front: Politix

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Posted by Fred 2007-12-28 00:00|| || Front Page|| [5 views ] Top

#1 I've gotta get this bastard credit. He manages to always get the headlines. In economics, he may be a freaking moron, but as far as PR is concerned, he's a genius.

Posted by Whomong Guelph4611 2007-12-28 05:53|| 2007-12-28 05:53|| Front Page Top

#2 One other thing the author of the critique didn't mention - it was the caving in during the period of the '50's - '70's by management to union demands for retirement plans and health care that is the single most powerful factor eroding the competitiveness of U.S. business today. Those times may have been good for the workers, and these times may be good, too, in terms of pensions and income stream security for those workers in retirement, but the havoc big labor and a cowardly management class wreaked on the nation was considerable.

But the rest of his article is spot on, and lying propagandists like Krugman need this type of response, particularly critiquing the mythology that the type of affluence of the 1950's is something that can be duplicated ever again. It was a unique time in history, with a unique set of circumstances that won't ever happen another time. The notion that we can somehow get back to that scenario by promoting labor and government regulation would actually make for a worse scenario, not a better one, of far fewer jobs in today's world where the labor market is increasingly global. Krugman's fairy tale needs to be dispelled, as often and loudly as possible.

Posted by no mo uro 2007-12-28 06:07|| 2007-12-28 06:07|| Front Page Top

#3 One of the greatest economic impacts of the 1950 was the effect of all those who took advantage of the post WWII GI Bill. The shear volume of people attending advanced education, before the age of useless academic paper and programs, put the footing to the American economy that no other nation could achieve for generations.

Posted by Procopius2k 2007-12-28 09:07|| 2007-12-28 09:07|| Front Page Top

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