Daily Archives: February 20, 2013
Here are today’s statistics on the state of the economy:
Producer prices rose 0.2% in January, at both the headline and core level. Year over year, the PPI rose 1.4% and was up 1.8% ex-food and energy.
The MBA reports mortgage applications fell again, down -1.7% with both purchases and re-fis down -2.0%.
Housing starts were less than expected at a 0.89 million annual rate in January. Permits, however, rose to a 0.925 million annual rate.
ICSC-Goldman reports retail sales rose 2.7% from last week, and only 1.8% from last year. Redbook, however, reports a 3.1% annual increase.
If ever there was a load of crap on toast, it can be found today in Michael Lind’s atrocious piece in Salon.
He calls it “Southern Poverty Pimps”. I see a more apt name to be “Southern Cliches R Us”.
It is probably one of the more absurd attempts to make the economic success in Texas look bad that I’ve seen in quite some time. You would almost feel it was something Paul Krugman would hack out. One of my bets, concerning all the negative stereotypes Lind uses, is he’s rarely if ever been in the South.
Needless to say, private sector unions that pool worker bargaining power are anathema to today’s suave metropolitan successors to the slave-owning plantocracy. The whole point of the Southern model of economic development is to create a non-union region from Virginia to Texas, to which companies can be induced to move from states with unionized workforces. Besides, unions engage in collective bargaining, in violation of the Southern ideal of employer-worker relations, in which the master gives orders and the fearful worker obeys without question.
Of course the fact that in the great North unions are losing members like water through a sieve would never see the light of day in a Lind expose, one assumes. That would run contradictory to his whole premise that the South has just shifted from racial slavery to economic slavery. No mention of the thousands upon thousands fleeing the horrible economic conditions of Blue states, no mention of Detroit, no mention of the rust belt. No mention of the urban blight found in Blue states or their failing economies.
You see, if the “Southern model”, aka the Red State Model” is allowed to exist, if it isn’t demonized and condemned, if all stops aren’t pulled out to include the usual racial and ethnic accusations the left loves to fling around, well, it might make people think that the Red States are on to something.
Of course, we already know they are, don’t we?
And so does Texas. You see, Texas’ success terrifies them.
Thus Lind’s pitiful attempt to use the divisive language of which the left is so fond. It couldn’t be that people actually are fine with their wages and tired of unions who take their money and really don’t produce much of anything but fat-cat union officials could it?
It’s all about “economic slavery”.