Following in the footprints of Phoenix and Las Vegas.

Ah, but it's not as bad as it was in the early 1990s . . . yet.

Put 'em to work demolishing every other house and starting victory gardens on the empty lots.  (Victory gardens use less water than houses.)

What goes up must.....

how does the rest of that go?

For an excellent point:counter-point on whether the proposed (or any proposed)infrastructure stimulus package makes sense, read: The Becker-Posner Blog.

The authors are two economists (one is also a Judge) from the Chicago school.

The debate on CR seems to be between doing nothing and doing a whole lot of something. Seems to me that down economic cycles need to play themselves out, and the best we can hope to do is mitigate the worst pain at the individual level, and hope the system doesn't break down completely. If it does, it seems to me we face a financial nuclear winter - the survivors (even those with guns, ammo and food) will envy the dead.

Rob Dawg:

Park Seed:

Victory garden Seed Packs from Park Seed... I will be ready

From an unemployment point-of-view, it takes quite a bit of work to match or beat Detroit.

Should we now call Detroit ____fill in the blank____ Empire or call IE SW Detroit?

The only thing that "saved" Detroit from a worse fate is that houses were/are not being rebuilt when destroyed by rioting or devils night or whatever.  Page around with google maps and you'll see entire city blocks with 2-3 houses and 15-20 empty lots. 

Well, at least the IE is almost done with that massive freeway expansion. Nothing like infrastructure projects to improve the econo....hmmmm....

Nostrovia,

Only four years ago, Riverside and nearby San Bernardino, often called the Inland Empire, were California's economic powerhouse, accounting for more than a fifth of the state's new jobs. Today, unemployment reigns in the sprawling region east of Los Angeles. The 9.5 percent jobless rate in the two counties matches Detroit's as the highest of any major metropolitan area in the U.S.  - CR's Bloomberg link.

No surprise since mfg and construction as 'inputs' generate some of the highest 'job multipliers' of any economic activity... so what happens when those activities go negative? We have negative job multiplication... and it is just beginning as this spills farther into retail and finance industries FAR from the mfg factory floor & subdivision construction site... and the ungliest job loss will be among those in white collar who had no idea they were 'contained' within the same toxic mess.

Turn all the oversupply housing into vineyards, so we can keep the people all nice and drunk. That way, they won't mind their situations as much.

"Today's weather forecast for D.C..... "blizzard of pardons late in the evening. Expected accumulation: 100 to 200 scumbags".

Eric"

I waiting for Satan to be pardoned.

"Inland Empire needs an NFL franchise to keep up with Detroit."

Pfffff! You can't loose more than 16 games, DUH!

Nostrovia,

Are hammers effect weapons in combat? Maybe the US should start a mandatory draft but include only former construction workers.

CR,

With all due respect, the public works was to accomodate the res and com building boom. A better question is how many fewer resources would have been wasted without said spending.

The point being, that such spending always lags...it doesn't lead.

Nostrovia,

Elvis writes:

The real question is why should people work at all when they can steal and get away with it?

That day will come soon enough..

He would have to name the crime he is pardoning himself from.
Anonymous | 01.19.09 - 1:02 pm | #

Why?   Ford didn't name any crime for Nixon.

Blanket Pardons all the way around...It is almost TARP like

Can he pardon himself?
\t God Shammgod | \t \t \t \t01.19.09 - 12:54 pm | #
God Shammgod | 01.19.09 - 12:54 pm | #

Doubtful; Tricky Dicky had to be pardoned by Gerald Ford, IIRC.

Semantics. Any crime committed or may have been committed is the same.
Anonymous | 01.19.09 - 1:09 pm | #

Well, since Nixon wasn't convicted of any crime, it does make you wonder why a pardon is necessary or if in fact it's a true pardon.  More like: Give it up, we're not going to prosecute.

Eric writes:
Then we're in agreement.... no actual crime ("lying to congress about Plame", "stealing towels from the washroom") was mentioned

He tore the label off the mattress too

The Palm Springs area is armageddon , there were no civilians there to start with, all houses are owned by: realtard/owner/broker.
They are still trying to hang on to the dream and wait for a sucker/snowbird to land and fall in love.
Not only, one does not own the land (one must lease the land from the aqua caliente tribe) but there is also HOA, property taxes,AC 24/7 for 6 months, constant up keep as structures bake in the summer. Now it is over and the realtards/owners/brokers are trying to flee to Colorado,hoping for a boom there, leaving behind thousand of foreclosures.Prices still have to go way down as the mark up had been about X5. The good news: the realtards/locusts are gone.

Chrysler and Fiat in talks.

What an insult.

Why the hell would Fiat lower themselves like this?
.

ew thread

Bloomberg:Bush Commutes Terms of Ex-Border Agents Convicted in Shooting

The real question is: what would have unemployment been without the spending? A harder question ...

It's an easy question. Government spending is always a net loss of private sector jobs vs leaving the money in the pocket of those who produced it.

Subtract 30% for the useless government workers who administer the contract. Subtract 30% for graft to secure the contract. Subtract 30% for the interest paid for "borrowing the money" from future generations, subtract 30% for those funds which go directly to Mexico and points south... subtract 30% for...
Have we figured it out yet?