Brewtown Politico

Carrying a little stick and speaking loudly in Milwaukee


GDP up, wages down

There's a very good article in the Wall Street Journal that explains why many lower and middle class households don't maintain the optimistic view of the economy that the government does.

Go here to read the full article. Nice catch, STiTP.


At 3/29/2006 02:52:00 PM, Blogger Paul said...

A very interesting article, I must say. Hardly anyone from Michigan (my home state) has ever held a very optimistic view of the economy. Maybe it's because Michigan (and many other states) have lost high-paying, skilled labor jobs. My father and step father, for example, had 20+ year careers, only to now deliver newspapers and do odd jobs. GDP is meaningless, where are the jobs?

BTW, I enjoy reading your blog.


At 3/30/2006 02:14:00 AM, Blogger Scott said...

Thanks for the compliment, Paul. I should have headlined this post "So much for trickle down economics."


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