04 Aug 2010

Scott Winship hits the nail on the head here: Everyone’s approvingly linking to this Edward Luce piece on “the crisis of middle-class America”.  I want to set myself on fire. Seriously, it’s discouraging to see so many people who should know better (because they’ve argued these points with me before) promoting this article.  I can’t think of another piece in the doomsday genre—and there are many—that gets it so consistently wrong. I'm sick and tired of seeing the same damn doom and gloom. I can walk down the street and find some people who's lives are in shambles for one reason or another, but I can walk next door and find a family that is doing just fine. As usual, the partisan media cares more about selling emotional copy, to weaponize against those they disagree with, than getting an accurate glimpse of what is going on. Things aren't great, but they've been worse, and they're getting better. This isn't about being centrist - this is abo...

09 Jul 2010

In a stereotypical example of how both parties filter the facts and only present fractions of the truth that fit into their narrow ideological talking points, we're hearing a lot of spin over what the government should, or shouldn't do about the potential stagnation in the economy and job market. What the Democrats have right is that people would like the government to do something to create jobs. Polls are clear on this point. This Gallup poll, for instance, shows that 60% of respondents support legislation that would "Approve additional government spending to create jobs and stimulate the economy". And why wouldn't we? We can look back into history and see some amazing accomplishments of the depression era job creation programs, that worked on infrastructure that quite literally paved the way for the economic boom that came later on. Looking closer, we can see that some stimulus spending does create jobs quickly, and can produce what they ca...