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attn all people making economic statements -
yes the economy looked good during clinton land and looks terrible in bush land, but it looked good in clinton land because of massive corporate crime and a dot com bubble of irrationality of a magnitude that hasn't been seen since the great depression. it couldn't have lasted, and the massive decline in the stock market would have happened no matter who was in the white house, because that's what happens after the bubble of irrationality pops.
similarly, all of the noise bush makes about helping the economy is noise, because the bubble pop and subsequent recovery takes several years to develop. whoever is in office on the upswing gets to take the credit. that's why massive deficits are great, because someone else will be in office when they have to be dealt with.
of course, things can be nudged this way and that.
anyway: drawing conclusions about oil crash starting now due to the recent bad economy seems unwarranted - it would be bad now regardless of oil peak. my guess is that the oil crash will not be fully developed until 2020 or so.
it could be that the massive corporate crime, tax breaks, etc are due to the rich preparing for the coming crash, tho not in any organized or conscious way aside from certain oil powers and analysts influencing the behaviors of their class. don't fund alternative energy sources, because it's better to clean the world of several billion people in non-US lands and some millions in us lands to help ensure that it's an american century. massive foreign debt disappears when the foreign nations disappear as such. rising sea levels wiping out lots of poor country's cities and crops and suchlike is helpful, even tho some fine us real estate would have to go with it. they'll need to get star wars in place tho for the preemptive defense nuking of china.
but that's just crazy talk. it's actually gerbils behind it all. all! more importantly, if not crazy talk, they're all likely to find things turning out much differently than their plans suggest. fnord.
yes the economy looked good during clinton land and looks terrible in bush land, but it looked good in clinton land because of massive corporate crime and a dot com bubble of irrationality of a magnitude that hasn't been seen since the great depression. it couldn't have lasted, and the massive decline in the stock market would have happened no matter who was in the white house, because that's what happens after the bubble of irrationality pops.
similarly, all of the noise bush makes about helping the economy is noise, because the bubble pop and subsequent recovery takes several years to develop. whoever is in office on the upswing gets to take the credit. that's why massive deficits are great, because someone else will be in office when they have to be dealt with.
of course, things can be nudged this way and that.
anyway: drawing conclusions about oil crash starting now due to the recent bad economy seems unwarranted - it would be bad now regardless of oil peak. my guess is that the oil crash will not be fully developed until 2020 or so.
it could be that the massive corporate crime, tax breaks, etc are due to the rich preparing for the coming crash, tho not in any organized or conscious way aside from certain oil powers and analysts influencing the behaviors of their class. don't fund alternative energy sources, because it's better to clean the world of several billion people in non-US lands and some millions in us lands to help ensure that it's an american century. massive foreign debt disappears when the foreign nations disappear as such. rising sea levels wiping out lots of poor country's cities and crops and suchlike is helpful, even tho some fine us real estate would have to go with it. they'll need to get star wars in place tho for the preemptive defense nuking of china.
but that's just crazy talk. it's actually gerbils behind it all. all! more importantly, if not crazy talk, they're all likely to find things turning out much differently than their plans suggest. fnord.