Saturday, March 5, 2016

The Saturday news

Here's some news! And snark!

Calculated Risk - comments on the employment report. Summary:
There are still signs of slack (as example, part time workers for economic reasons and elevated U-6), but there also signs the labor market is tightening. Overall this was a strong employment report.
OMG a strong employment report! Sell sell sell!

WSJ RTE - economists react to employment report. Summary:
After a tepid start to 2016, February’s jobs data indicated that the U.S. economy is back in action, with solid jobs gains likely to quell recession concerns
Stupid Whitey.

WSJ RTE - also, wages are actually going up faster than you think. Y'know, with that and with the sudden popularity of improvements to the minimum wage, the US might be setting itself up for 5-10 more years of solid growth. Unless, of course, the Fed decides to stomp on the throat of the working class.

WaPo Wankblog - the debilitating disaster Jindal left behind in Louisiana. Looks like the Republicans want more than anything else to emulate the economies of sub-Saharan Africa:
Louisiana stands at the brink of economic disaster. Without sharp and painful tax increases in the coming weeks, the government will cease to offer many of its vital services, including education opportunities and certain programs for the needy. A few universities will shut down and declare bankruptcy. Graduations will be canceled. Students will lose scholarships. Select hospitals will close. Patients will lose funding for treatment of disabilities. Some reports of child abuse will go uninvestigated.
There you go. Yet another haven of right-wing paleo-conservative Nazi derp that was only able to survive due to high oil prices, where the people are suddenly learning that being born over a pile of 300-million-year-old kelp doesn't mean that you're smarter or that your idiotic fantasy "economics" is true.

WaPo Crunkblog* - Trump's target demographic: white, uneducated, unemployable alcoholics and drug addicts with questionable dentition. Well, that's the majority of the Republican base right there. And Trump's already got the angry senile vote, what with his explicit racism and his support of Medicare and Social Security. He's unstoppable!

* - For an explanation of the word "crunk", see K.R. Sebert, "Tik Tok":
er'body gettin' crunk
boys tryn'a touch my junk
gonna smack 'em if they gettin' too drunk

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