The numbers simply elucidate what the electorate is experiencing. The electorate is informed by experience. The governing elites may or may not be informed by the numbers.

I called up the Jason Lewis show (a right wing radio host) and tried to debate with him about the nonpartisan Congressional Research Service (CRS) study they issued in September that showed that cutting tax rates for the wealthiest Americans did not spur economic or job growth.

He gave me some BS about it being a “static” study and then dismissed it out of hand. Conservatives really like “dynamic” economic studies because they seem to validate their economic agenda.

I’d like to ask for any information from someone knowledgeable that might help me rebut his claims as I plan on calling him back if I have a better argument. Even better perhaps a post on the CRS study along with an explanation on the comparative merits of dynamic vs. static economic analysis.

Not that it will have much an effect on Jason Lewis, he has a Masters in economics which in his case means he can pile on the BS masterfully.

I note that the s.a. unemployment estimates for African American, for the long-term unemployment, and for the 25 years and over with less than a high school diploma showed some fluctuations between August, September and October.

There are too many jobs with 1970s level wages and minimal benefits.

Weak real incomes …. weak consumer spending … weak business cash flow…weak real incomes….