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« | Main | 80's Flashback: Aquanet Blessed by the Lord » May 07, 2006
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Posted by Bill *** Give to the "Save the Dancing Armadillo Fund."
UPDATE: I've been informed that my assumption about our northern neighbors is a simple misunderstanding: in actuality, Canada has two official languages. Who knew?
Rising Expenses Have Consumers Feeling Pinched "Many people," you say? Is that like, all scientifical and stuff? Economists say that feeling overshadows the fact that inflation overall is relatively low -- running at a 3.4 percent annual clip, the same rate as all of last year. The Federal Reserve has been raising interest rates for nearly two years to control inflation, and it is likely to again boost rates this week.Read the rest for a good chuckle. Other than the obvious bit about high energy prices, most of the piece represents horseshit anecdotal agenda journalism at its worst. Or finest, depending on the narrative one champions ... when Bush is in the White House. So she's canceled her home Internet service, saving $50 a month. She rarely eats out anymore. Instead, she eats frozen meals made by her mother. "That's pretty much what I live off of the entire semester," she said. A poor student? Frozen food? OH SWEET GOD, IT'S LIKE THE GREAT DEPRESSION! And check out this tale of woe: Arlyne Foy of Fairfax city said she and her husband recently slammed the brakes on plans to buy a larger home in Loudoun County because of rising mortgage rates and the prospect of much higher commuting costs and utility bills. Any snark about that excerpt would be superfluous. * 3,000 square-foot home What a country! Alternately, talk about your insulated urban bubbles of liberal unreality and bizarre entitlement. The vacuous economic analysis and high school newspaper narrative-building of those authors are an embarrassment to the WaPo. UPDATE: Similar sentiment at this blog: In the midst of one of the great booms in modern history, the Washington Post pretends everyone is suffering. And then we've got willful dupes like this: The Washington Post puts a human face on the Bush economy that's forcing hard choices on "regular Americans," those not in the revered top 1% income bracket. Yeah, brother. Because the indignities of frozen dinners while attending law school and yoga instructors trapped like rats in a 3,000 square foot prison expose the true EVIL FACE of supply-side economics. Posted by Bill at May 7, 2006 09:23 AM | TrackBack (0) Trackback PingsTrackBack URL for this entry: CommentsDamn, I thought for sure this would get me traction from Americablog. Posted by: beautifulatrocities "Mortgage Rates Rise: Massage Therapists, Yoga Instructors Hardest Hit" Posted by: dorkafork at May 7, 2006 12:45 PM That is tough, when I was a student I ate out all the time: we got meals for free at the restaurant where I worked at night. Posted by: B Moe at May 7, 2006 01:04 PM I'm confused. For the past two years they've been telling me the housing bubble was going to pop and leave everyone living in Hoovervilles. Now the rates are too high? Heh. Good economy? Well I know people who decided not to buy a McMansion because they decided they're still very happy with the sweet-ass deal they got on a wonderful townhome. And the fabulous wealth in equity the townhome's earned since they bought it two years ago means they can afford the McMansion! How's that economy looking now, buster? Posted by: SeanH at May 7, 2006 03:08 PM Well the rates being high would cause (or accelerate) the bubble popping, as rising mortgage payments make houses too expensive, while speculation has already driven the prices up to unsustainable levels (based on income, natural demand, etc). But it's funny, as unemployment is so low, incomes (a sticky indicator) are starting to rise, stocks are high, interest rates still historically miniscule, housing prices relatively steady, inflation is low ... and they still headline an economic analysis with this anecdotal negative bullshit. Posted by: Bill from INDC at May 7, 2006 03:12 PM Any snark about that excerpt would be superfluous. Ah, but superfluity is your middle name, eh, Bill? Posted by: Boyd No. It's Ezekial. Posted by: Bill from INDC at May 7, 2006 06:11 PM Very nice post Bill. I really should quit my philosophy grad program and apply to J-shcool. When I write a paper now it takes no less than two months of research and careful thought...usually quite exhausting. But with the kind of prosaic tripe you get away with in the journalism world, I could bang out an assignment in the time it takes me to work up my morning dump. Am I'm a real regular guy...if you know what I mean. Posted by: Jason at May 7, 2006 10:49 PM There's something very odd about a blogger who posts a lengthy update that's much longer than his original post, and not really related to it at all. Zeke. I think I'll call you Zeke. Posted by: Dean Esmay So, is ezekial a synonym for superfluity? Y'know, like that "super-fluity" you get after drinking the water south o' the border? Posted by: Boyd I've been informed that my assumption about our northern neighbors is a simple misunderstanding: in actuality, Canada has two official languages. Who knew? Yes, most of us are bicultural up here. Posted by: Flea at May 8, 2006 11:04 AM Canada is a country? I thought it was a suburb of Detroit. Posted by: aaron at May 10, 2006 06:50 AM ionolsen22 I like your site Posted by: karel at October 18, 2006 05:34 PM ionolsen24 So interesting site, thanks! Posted by: pipetka at October 20, 2006 04:16 PM Posted by: cheap viagra at November 20, 2006 05:36 AM kcrjxbt kpcrw vqxe scufyolw pmqr zhuxwocae mfhbeiy Posted by: wcdmuvjf lrxp at March 9, 2007 08:56 AM xtog abvzs ifpjanqe twxb fvzapy kgqpdmb dferwjv Posted by: kgqpybrje wtzhgeasd at March 9, 2007 09:09 AM Social networking site MySpace is to block users from uploading copyrighted music to its pages... 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