This account of how a Seattle area lumber yard is trying to survive the age of Obama shows the effect of uncertainty on unemplpyment. Anyone who reads modern analyses of the Depression realizes that the causes included uncertainty about regulation and tax policy by Roosevelt. He is once described as having chosen the price for gold that day by choosing his lucky number. He was completely ignorant of economics. There was some excuse for it then because no one really knew how macroeconomics worked. Read Amity Schlaes book, The Forgotten Man, and the conclusions pour forth about how the New Deal prolonged the Depression. There is no excuse for repeating the policies that prolonged the Depression.
Dunn’s great-grandfather, Albert L. Dunn, founded the company in 1907. It has never failed to turn a profit. But now, that streak is at risk. Dunn points to an atmosphere of uncertainty at all levels of government — on taxes, healthcare, and a host of economic issues – that is stifling demand for his products. “When rules are changing and taxes are increasing and regulations are increasingly, it causes everyone to pause, and that’s what we’re seeing today, a pause,” Dunn says.
This is exactly what happened in the Depression as policies changed and professors experimented with the economy.
“Business owners have no idea what government’s going to do to them; they don’t know what health-care is going to cost, they don’t know about the 2001, 2003 tax cuts, whether they’ll be reauthorized or not,” Rossi said. “For someone to actually invest and grow their business too, they’re going to have to be able to plan two, three, five years in advance, and right now you can’t plan for next week.”
Rossi’s opponent, Patty Murray, has to be the dumbest member of the Senate but Washington is a deep blue state, like California. Barbara Boxer would put up a stiff competition as the dumbest Senator if a contest were held. Rossi was denied the governorship of Washington two years ago through fraud when a box of ballots were “found” in a Democrat poll worker’s car during the recount. Let’s hope Washington state, where I once owned property, has learned something since then.
That Washington Governors race was irritating. In close races, the Democrats seem able to count votes until they are ahead, then quickly get the result certified.
We’ve had lots of election fraud in our local elections by the Dems. We’ve filed complaints with the election commission, who do perfunctory investigations to no avail. We’ve filed lawsuits, but Judges are loathe to get involved.
Democrats see the government as picking the winners and losers in society. In many respects they are right, so to them the stakes are high.
That Washington Governors race was irritating. In close races, the Democrats seem able to count votes until they are ahead, then quickly get the result certified.
We’ve had lots of election fraud in our local elections by the Dems. We’ve filed complaints with the election commission, who do perfunctory investigations to no avail. We’ve filed lawsuits, but Judges are loathe to get involved.
Democrats see the government as picking the winners and losers in society. In many respects they are right, so to them the stakes are high.
The Dems in Minnesota may hold the record for counting until it came out right. Senator Franken is a living example of how crime pays.
“Read Amity Schlaes book, The Forgotten Man, and the conclusions pour forth about how the New Deal prolonged the Depression.”
Oh, run from that one, my friend. Poor scholarship and a general ignorance of the facts, there. No, Miss Schlaes had a terrific opportunity to accomplish something, but failed, miserably, with her effort.
Norman, did those UCLA economics professors also fail ?
Sorry, Norman. You are the one with poor scholarship.