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May 05, 2006

A Rising Tide Lifts All Yachts

At least, that's the title and argument of my op-ed in the LA Times today. Give it a read.

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Comments

It says lifts only yachts at LAT.

Posted by: quietstorm | May 5, 2006 12:05:14 PM

Great article - especially like the ending about the economy not just being numbers and most Americans aren't feeling that 4.8 increase. Emailed it to a conservative friend who always uses economic data as proof GW is a good President.

Posted by: JenM | May 5, 2006 12:06:17 PM

I thought it said "lifts all pedants"?

Posted by: Ezra | May 5, 2006 12:07:38 PM

Excellent piece, Ezra. You've hit the big time now.

Posted by: Tom Hilton | May 5, 2006 12:12:51 PM

Good work.

You do have a way with words.

Posted by: Emma Zahn | May 5, 2006 12:17:48 PM

Wow. Big media Ezra!

Posted by: Nicholas Beaudrot | May 5, 2006 12:20:34 PM

I thought it said "lifts all pedants"?

Apologies if it came across as pedantic, I was just pointing out an oversight. It's a well-written, well-researched piece. Congrats.

Posted by: quietstorm | May 5, 2006 12:49:15 PM

all valid points above. however, i did not know(despite visiting and RSSing this here blog for a while now, that it could be reached through ezraklein.com. do you pay extra for that?

Posted by: almostinfamous | May 5, 2006 1:50:43 PM

Good op-ed. Thanks.

Posted by: SteveH | May 5, 2006 1:59:20 PM

Either you agree that we live in a world economy or you don't. If you don't, then you have been living in a cave for the last 20 years.

That being said, how are all of our trading partners doing? Ya' know the industrialized nations that we might compare our economy to?

Germany 11.2% unemployment
France 10% unemployment

Now, don't you feel better?

Posted by: Fred Jones | May 5, 2006 4:20:54 PM

Picking a solitary statistic that appears, U-6 be damned, to make non-US economies look bad is cold comfort. Did you even read the op-ed?

More to the point, I wonder why you chose the US's 5th and 8th largest trading partners.

Canada is by far our biggest trading partner. Canada's unemployment rate is 6.4%. Japan is our next-largest non-emerging trading partner. Its unemployment rate is 4.1%.

Either you agree that Canada and Japan are part of the world economy, or you don't.

Posted by: wcw | May 5, 2006 5:43:57 PM

They're closing and restricting hours to the friggin' donut shops due to shortage of help. There are pages of want ads. I don't see how unemployment can come close to 6.4% in Alberta without even bothering with stats.

Posted by: opit | May 6, 2006 1:22:38 AM

Either you agree that Canada and Japan are part of the world economy, or you don't.

You are correct, Sir. I just chose "Old Europe" becuase so many of the readers here look to them as a template of how they wish to model the US...socialism and all. Even compared to Canada and Japan, we're still doing very well. One stat that was not discussed is the combo of wages and benefits...I forget what it is called, but it took a huge jump....over 5%. And isn't that really what you wish to look for? The entire package coming to the employees?

Posted by: Fred Jones | May 6, 2006 9:01:16 AM

Because Canada and Japan are vanguards of right-wing libertarianism, right?

Sometimes you crack me up, Fred.

Posted by: wcw | May 6, 2006 9:31:10 PM

What service provides uniformly calculated international unemployment rates? or did every country take up the Reagan method?

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Posted by: d1gjui7bi | Sep 29, 2006 9:44:36 PM

"A Rising Tide Lifts All Yachts" - no it doesent, not if there is a hole in the boat!

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