| sebastian_dangerfield |
06-18-2013 06:58 PM |
Re: Loathing the Texas state legislature
Quote:
Originally Posted by taxwonk
(Post 480569)
My son asked me a couple weeks ago if I thought there was going to be insurrection here like there is in Greece, Turkey, Syria, etc. I had to tell him I hoped not, but I couldn't rule it out.
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If you haven't noticed, our economic policy right now is coordinating a series of soft landings. We were jimmying the housing market to allow more people to refi. We're getting employment/wage numbers that still suck, but suggest workers are settling for less in pay, or hours, or both. We're discussing paring down benefits as soon as the old fucks of today are gone (so no one will argue there was a bait and switch). We're juicing the market to keep a wealth effect going.
But none of it's addressing the root structural issues. None of it's getting us near back to where we were. We're doing just enough to keep the decline as slow as molasses - just enough to keep any of the forces that'd cause unrest even approaching what we're seeing elsewhere from emerging.
Soft landings. An endless series of them.
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