Dow Hits 6 Year High
 

The consumer confidence index is based on more than just how consumers feel about the economy in a general sense. It is based on a poll asking five specific questions ceoncerning the respondents' feelings about income and employment prospects as well. If you don't think you're going to get a raise, or you don't think your kid, who is graduating this year, will be able to get a job and go off the tit, then you will have a negative impact on consumer confidence. It is not diirectly tied to whether or not you plan to buy a new Xbox.

Linky

Dow Hits 6 Year High
 

Damn you yankees. This is exactly what I explained. Don't you understand anything about raising cotton? It's all about what kind of crop you're going to have.

By the way, in a year with a good crop, I'm going to see my lawyer about squeezing out that sharecropper and taking back my land. Isn't that the kind of thing ya'all do?

Dow Hits 6 Year High
 

Is that really how the economics of sharecropping work? I'm thinking no.

Dow Hits 6 Year High
 

You've got it exactly backwards. In a good year, you buy more land and hire more sharecroppers. In a bad year, you kick them off the land and let it lie fallow or put that shiftless son-in-law to work tilling and planting.

Dow Hits 6 Year High
 

I read apretty good southern novel called "Dollar Cotton." It was by Faulkner's brother, John. It went into a bit of detail on the economics- i recommend it as next for spanky's bookclub. BTW- Spanky has been true to his word about being gone.

Dow Hits 6 Year High
 

Too bad. I was going to ask him if he knew where Brian Bilbray lives. Apparently his potential constituents are wondering, since he is only rarely spotted in Carlsbad.

Dow Hits 6 Year High
 

Okay, now can you explain to me why it's a good thing to cut taxes to inject more capital into the system to spur the economy at the same time the Fed is jacking up interest rates to lower available capital to slow down the economy and prevent inflation?

Isn't the net effect just a transfer of income from the government to the banks (on a macro level - obviously, individuals affected by the tax cut may or may not be the same as those affected by interest rate hikes)?

Dow Hits 6 Year High
 

The point of the tax cuts isn't to inject more capital into the system. The point of the tax cuts is to inject more money into the hands of the wealthy. After 6 years of Bush, I would have thought this would be apparent.

You know, opposing tax cuts for the wealthy does nothing but aid our enemies in the War Against Terror, don't you?

Dow Hits 6 Year High
 

Don't waste your time with him. It is obvious that He Hates America.

Dow Hits 6 Year High
 

Okay. I'm used to wonk whiffing completely- I mean sometimes I worry about him walking around downtown around traffic because I suspect he wouldn't be able to see a big truck heading at him-

but you Ironhead- you are dullwitted and typically lose arguments- but you usually seem to understand the post you lose too. wh'appened?

Dow Hits 6 Year High
 

You really do need a nap.

Dow Hits 6 Year High
 

2. they finished, but i had a cuppa at 2 so now i can't fall asleep. maybe you could post a bunch of soccer news?

Dow Hits 6 Year High
 

Barcelona won. Ho-hum. Hey Hank, how 'bout some B-ball news instead?

Dow Hits 6 Year High
 

Im just noting what the media has told me in the past couple of days. Injecting more money into the hands of the wealthy is good because...[according to Bush] it injects more capital into the system.

So do you think this is a case of the left hand not understanding what the right hand is doing, an indirect subsidy to help save our precarious banking industry or a conspiracy to fuck the bond market?

Dow Hits 6 Year High
 

I just think we're governed by a confederacy of dunces.