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Doug Terry

 

FORMER COLLEAGUE SLAMS BILL OíREILLY

WalMart Minimum Wage Raised

LESLEY GORE DIES

BOB SIMON OF CBS NEWS

BRIAN WILLIAMSí PROBLEMS

TRAVELING TO CUBA NOW

RECENT POSTS: late Ď14, early Ď15

LATE 2014 posts

The Next President: who has a chance?

Obama Not in France

Police Strike

Wash. Monument

Greg Mort, Painter

Car Hype?

Obamaís Statement

Benís Chili Bowl

Cuba Vacation

Cuban Exiles: No

TSA Changes

Street Protests

Rolling Stone Mess

Prosperity Now

Campus Rapes

1 World Trade Center

Who Caused Riots?

Ferguson Updates

Ferguson Live Vid

MARION BARRY DIES

Marion Barry Gone

GOP Plays Nice?

(Some) 2014 posts

SCHOOL SHOOTINGS

DEMOCRATS LOSE

ROCKET EXPLOSION

EBOLA PAGES

GONZALO CAM

Ebola Breaking Pt.

Ebola Panic!

Blood Moon

Kirk Counsins Rises

Personal Data: No!

White House Security

REDKINS NAME

Petty Fines in Ferguson, Mo

Police Stealing

Rick Perry Prays

Book Festival

SPEED CAMERAS

NATIVE AMERICANS?

PHILLY RIOTS

Hamas/Israel

Arrest Ferguson

Police Armies

Police Threat

Mistaken Police

Ferguson, Mo.

Ferguson2

LOWER WAGES

REAL ISSUE IN Missouri

Perryís Mouth

Robin Williams

Tony Stewart

Israel/Gaza

People in Deep Debt

Ft. Hood Security

Paintball Gun

Ukraine Crash

Robert Teich/wealth

Supermoon 2013

Student Loans

Perryís Joke

Personal Freedom

Challenge to Democracy

Murrieta Demonstrations

NASA/Arthur

WHY POOR?

CITIZENíS WEALTH FUND

REAL AMERICA?

NTSB REPORT

Interstate Driving

OBAMA/Iraq

NO AIR TRAVEL

Iraq Plans

Obamaís Fault?

SICKNESS and poverty

LICENSE PLATE READERS

The great engine of the American economy is the so called consumers, you, me and everyone spending the money we make. The lower energy prices are going to have a great impact on returning the American economy to full bloom if they stay around for a year or more. The reason is not only the 260 billion dollars (at current prices) being allowed to stay with ordinary citizens, but the multiplier affect of the money. When I spend a dollar, it goes to someone else who buys things with it and the person who gets that second purchase also buys things. Round and round it goes (this is why recessions come on: people stop buying or suddenly canít afford to buy and the negativity multiplies throughout the economy and things go downward quickly.)

There arenít, as far as I know, any good economic projections for how important the current price dive might be, but you donít need to be an economist to see they could be really meaningful as the money staying in peopleís hands spreads throughout the economy. During recessions, people drive much less, which also means they are spending less overall because they arenít going where they used to go to buy things, do things, enjoy themselves. Now, that pattern should be reversed. People get to do more, spend more, you know, be Americans.

The quickest sign of ďgood timesĒ on gas prices has been the resurgence of sales of SUVs. Chrysler reported sales up by over 30% during November over last yearís sales for the month. Of course, this isnít necessarily a good thing, but, hey, for the economy, it is. Economics doesnít know the difference between a good purchase or a bad one. When money flows, economically thatís good for almost everyone. (If you want to be driving that big, gas guzzler three or four years from now when prices might be much higher, thatís your problem, dude, not mine.)

This is BAD NEWS FOR REPUBLICANS because their whole pitch to the voters is that things are terrible, Obama is an horrid leader, heís responsible for, in fact, just about everything bad in the world accept the drought in the southwest (some would suggest he had a role in that, too, if they could come up with a way to pin it on him). If full prosperity returns and continues into the 2016 election season, the Republicans could wind up struggling to sell their story of bad news, bad times and the need for change. They should, in fact, be thinking right now about how they would deal with the return of prosperity, but they are, in the main, drunk with happiness about their control of both houses of Congress, so the future isnít a big focus at the moment.

Doug Terry, 12.5.14

In the NY Times (sub required after monthly free articles)

More Jobs and Higher Wages: Recovery Starts to Hit Home

By NELSON D. SCHWARTZ 10:01 AM ET

Employers added 321,000 jobs in November, echoing other positive economic data recently and far exceeding analysts‚Ä™ expectations that payrolls would increase by 230,000.


In BusinessWeek magazine:

Republican Message Sinks In Even as Obama Economy Gains Strength

 

To hear Republicans tell it, President Barack Obama is the leader of a lackluster economy -- and Americans believe them. The only problem: That view is outdated.

THE NY TIMES, Saturday, Dec. 6th: (open link, no sub required)

Common Sense

Steep Slide in Oil Prices Is Blessing for Most

 

By JAMES B. STEWART

 If history is any guide, itís hard to see falling oil prices as anything but good news for everyone whose fortunes aren‚Ä™t tied to oil.

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