[Jeff Chandler]

Here we go with rat talking points, turning a recovery into a bad economy, just like turning Iraq into Vietnam. The rat media is shameless.

I suppose we'll start getting stories about homeless people now.

[1rudeboy]

Why the heck are you talking about "rat" talking points? Willie Green will take the latest "data" from the Economic Policy Institute and run with it. Anything to defeat Bush, remember?

[meenie]

Rising prices take the sting out of inflation if your product is rising faster than other prices. Oil and cattle seem to be keeping ahead so I love it.

[federal]

Here's a book they are hawking on the "economic policy institute's" website. Who would have known?

Rethinking growth strategies

As state and local governments expand efforts to promote economic development, one increasingly popular technique for encouraging investment is the use of state and local tax cuts and tax incentives to lure businesses. In the EPI study Rethinking Growth Strategies, author Robert G. Lynch analyzes the existing research to show that state and local tax cuts and tax incentives largely fail to draw firms to a particular location, substantially improve local economic development, or stimulate job creation in a cost-effective manner. A more successful approach to economic growth may involve raising taxes in order to better provide essential public services such as schools, education, and health care.

[RicocheT]

The article says the difference between raises and inflation for a group of workers such as teachers, etc is a minus 1.1%.

If job creation means lots of my fellow men and women are now working, I can eat a 1.1% wage loss v. inflation. If present workers get greedy, then less money is available for new hires. The more participants in the money economy, the chance of raises for all is better.

I haven't had a raise in 3 years but I worked all through the downturn so I'm not unhappy.