Chan Lowe cartoon: Pink slip blues
Maybe that’s why they call economics the dismal science.
The folks who know everything—the ones with all the degree letters after their names—put on their little propeller hats, inspect their goat entrails, and pronounce that we are, happily, on our way out of the woods.
Meanwhile, there’s something called “employment lag,” which means that the people down in the trenches—who have done nothing but work hard all their lives—find themselves still falling victim to arcane forces beyond their control.
Their productivity and quality are just as high as they’ve always been, but they’re told that for some reason, they and their skill sets are no longer needed.
If the recession is “technically” over, who’s seeing the benefits of the upswing? They say the financial sector’s doing well, and everybody’s back to getting obscene bonuses for whatever it is they do, thanks to bailouts and subsidies.
So if you feel you're entitled to some “trickle-down,” walk beneath a Wall Street skyscraper. And make sure to bring your umbrella.


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Comments
As near as I can tell only idiots call economics any kind of "science". Science involves developing theories that can be tested in the real world. Economics involves developing excuses to explain why every prediction made by economists is always wrong :-).
Posted by: Tom | October 6, 2009 7:09 AM
It has been said that God created economists to make weather forecasters look good.
Posted by: Edgar R. Schneider | October 6, 2009 7:51 AM
Throw 12 Trillion dollars at anything and it better improve.
Posted by: Matt | October 7, 2009 10:07 AM
The recession is over because Obama says so, how dare anyone question him?
Posted by: Pointman870 | October 12, 2009 12:13 PM
I liked this one. And, for a change, I thought you were right on the mark!
Posted by: Glenn | October 14, 2009 12:25 AM