Hard numbers: The economy is worse than you know

Harper's ^ | Friday, April 25, 2008 5:40 PM | Kevin Phillips

[Ron H.]

Interesting article and and even more interesting revelations. It goes a long ways in confirming some of my (nagging) suspicions about my government. So thanks for the posted item and for broadening my intellectual horizons. Goes a long way in explaining things.

[MartinStyles]

So 8 years in you’re going to say that 2m is impossible at the end of the century.

Heck, if you asked someone in 1932 or so, they’d probably think 10k by the end of the century was insane too.

We can’t predict this stuff. It’s nuts to even try.

I might be 5k, or 5m. Who knows after 92 years.

[BlackbirdSST]

Michael Medved pointed out on his show the other day that one tenth of American households paid $60 each for a copy of Grand Theft Auto IV in the last week.

ALL that proves is 9/10's of Americans DID NOT buy GTA. This is your measure of a good economy? You work for the goobermint? Blackbird.

[Bloody Sam Roberts]

Trying to get away with some sloppy use of language late on Friday night?

Not at all.

I believe it was Mark Twain who said, "There are three kinds of lies; Lies, Damned Lies and Statistics."

'Accountant' may have been the wrong choice of word, but just as there are bad accountants, bad statisticians can be found when needed.

[Dark Wing]

ping

[hedgetrimmer]

We’re hearing here in California, that some central valley farmers are discing under the head lettuce crop that was supposed to ship to New York and the east coast. Too expensive to ship now.

Tree fruit will be the next produce to fail to be harvested due to shipping costs.