Below is one of the best things I’ve seen in a while. Just beautiful. Like an orchid of stupidity.
It’s not that this information is new. We’ve written about this situation multiple times before and so have other sites. But that the very establishment Washington Post is letting this little ray of truth shine out to its generally liberal readers is what is important here.
Pretty hard to ague that Obama has been anything close to a successful president when these sorts of stats stare one in the face.
When I was in college one of the first op-eds I ever wrote was on Social Security in the college newspaper. I argued that with the the baby boom generation getting ready to retire (this was the late 1990s) we college students (of a smaller generation) faced a real problem. There were going to be an awful lot of retirees out there counting on Social Security with fewer people actively contributing to the general economy. (And to Social Security.)
The argument I made was of course not solely my own. Many people had made the argument before me and many people have since. I said that we needed to radically reform Social Security and phase it out over a few years.
These are prime working years. This is clearly an indication that something is very amiss in our current economy.
What it says and what it does are too different matters.
I’ll bet that’ll be a fun return.
On the surface this ruling sounds like a win for “workers,” but sadly it’s not. If the government can keep businesses from firing people, indeed in this case force CNN to REHIRE fired workers, businesses will simply choose not to hire new people.
Another good one from Charles Hugh Smith.
I wouldn’t say that we’ve ever totally had classical capitalism and truly free prices, but we have been light years closer to them than we are now.
Charles Hugh-Smith writes of the dimming of the “Chinese Dream.” Introducing the “Ant Tribe.”