Re: The Electric Car

On Aug 10, 5:29 pm, MooseFET <kensm...@xxxxxxxxx> wrote:
On Aug 10, 11:14 am, James Arthur <dagmargoodb...@xxxxxxxxx> wrote:

On Aug 10, 6:43 am, MooseFET <kensm...@xxxxxxxxx> wrote:

[..]

The economy is doing so-so at best. We have a mixed collection of
measures of it.

Indications are always mixed--it's quite impossible for all sectors to
simultaneously boom, as many are in competition.

Overall, growth, inflation, employment, etc. are as good as it gets.
If you're not happy now, you never will be.

You haven't looked closely enough. Right now the US is running a
large deficit and has quite low interest rates. These are both things
that in the short term stimulate the economy. It is like a car with
the gas pressed all the way to the floor and only gets up to 45 MPH.
It is a lot faster than I can run but still a lot less that should be
expected.

Exactly how fast do you think the economy should grow? The Federal
Reserve Board has been trying to *slow* the economy since mid-2004,
and that's still their focus today. Perhaps you should e-mail Mr.
Bernanke:

http://www.federalreserve.gov/feedback.cfm

As for the deficit, I don't like it, but find it hard to understand
why you think it's related to GDP, or why 3% of GDP would make any
difference in the short haul. It won't.

The US has a decreasing size of middle class. The working class is
seeing a net loss of standard of living. Most of the middle class is
also seeing a decrease in standard of living. The debt is piling up
and the average worker age is increasing. None of these are things by
them selves would be a major problem but combined they point to a
decline.

There is also a serious concentration of power and wealth happening.
The trend is towards a small number of companies being a big fraction
of the economy. This is never a good thing for the long term survival
of an empire. It leads to a fragile situation. With many small
companies, a mistake only impacts a small part of the economy.
Increasingly, a mistake by a company impacts a larger part of the
overal economy.

I understand you believe these things. I invite you to show the
quantitative basis for those beliefs.

It would help if you define some of your terms--what is "middle
class"? What is "standard of living"? Do you mean that real wages
have decreased? Kindly show that. Be sure to include benefits--
retirement and healthcare in your figures...the result may surprise
you.

Cheers,
James Arthur

.

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