Ted Rall is hoping for bad things to happen in '04:
Riots in New York: It won't disintegrate into Chicago '68-style anarchy but the Republican convention, scheduled for early September at Madison Square Garden in order to coincide with 9/11 anniversary ceremonies at Ground Zero, will be a singularly ugly affair. More than 200,000 protesters are expected to converge on the capital of American liberalism to scream at delegates wearing those silly elephant hats. The NYPD will deploy shock-and-awe tactics to stop them, bloodying nightsticks and claiming a few lives.
Continuing Jobless Recovery: Though overpriced and fiscally reckless, the $1.8 trillion in tax cuts will continue to prime the pump of corporate recovery. The Dow will keep rising, perhaps as high as 12,000 by November. But a recovery isn't worthy of the name unless it creates good, high-pay, high-benefit jobs--and that won't happen. Due to three years of recession and the export of jobs overseas, there just isn't enough disposable income in the pockets of the average American to fuel the two-thirds of the economy directly dependent on consumer spending. No matter what, the unemployment rate won't drop below 5.2 percent.
Why this drivel is even printed is beyond me. By the way Ted, an unemployment rate of 5.2% is good, look here at the 90's.
Thursday, January 01, 2004
Sphere: Related Content
Posted by Scott at 7:46 PM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment