Politics, Weather, Photography, and the Dog
Friday 6 October 2006

Paul Krugman (sub.req.) points out that the record Dow closing comes at a very high price to most Americans:

Should we be cheering over the fact that the Dow Jones Industrial Average has finally set a new record? No. The Dow is doing well largely because American employers are waging a successful war against wages. Economic growth since early 2000, when the Dow reached its previous peak, hasn't been exceptional. But after-tax corporate profits have more than doubled, because workers' productivity is up, but their wages aren't—and because companies have dealt with rising health insurance premiums by denying insurance to ever more workers.

Also, I apologize to readers who want more political posts. The fact is, the Greedy Old Party (GOP) are hanging themselves right now, and while I'm feeling a little Schadenfraude for them, I don't think I can add much. The election is in 32 days. Let's see whether the voters in close Republican districts understand that the Republican Congress hasn't helped them and won't.

Friday 6 October 2006 11:14:19 CDT (UTC-05:00)  | Comments [0] | Politics#
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David Braverman is a software developer in Chicago, and the creator of Weather Now. Parker is the most adorable dog on the planet, 80% of the time.
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