Republicans and Democrats ... usually find some mutually acceptable midpoint and enact a stimulus package. Even in today's hyperpartisan Washington, the odds still favor such a deal.'Spouses' should read 'spice.' I'm not sure why that hasn't caught on. You'd think gambling on the spread of a plural change like that would be safe as hice.
This time, though, don't expect that to be the end of the story -- because the coming recession will not be normal... because we face an economy that's been warped by two developments we've not seen since FDR's time.
The first of these is the stagnation of ordinary Americans' incomes, a phenomenon that began back in the 1970s and that American families have offset by having both spouses work and by drawing on the rising value of their homes. With housing values toppling, no more spouses to send into the workplace, and prices of gas, college and health care continuing to rise, consumers are played out.
Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
Wednesday, January 16, 2008
Group Marriage Debate Takes Another Step
Link from the Housing Bubble Blog:
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