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主题:【原创】2008美国政治经济学(一) -- 铁手

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家园 国际政治归根结底不过是国内政治的附庸

美俄的角力都是为国内政治服务的。

国内无法解决矛盾就要把矛盾捅到国际上去以便转移视线和凝聚人心—历史总是这样重复,没什么新意

家园 油价下跌,可能还有紧北方熊钱袋子的意思

可惜,这给龙的钱袋子的控制放松很多。。。树敌太多,想单变量控制可就难啦。不知道中国的石油进口,是不是按合同延期来的,要是跟散户一样买涨不买跌,可就浪费了大好机会罗

家园 今天开始还有三个飓风

要连续登陆,不过油价似乎还没涨,是有点奇怪。。。

家园 哈哈,给老大送花果然有宝

恭喜:你意外获得【通宝】一枚

鲜花已经成功送出。

此次送花为【有效送花赞扬,涨乐善、声望】

家园 石油开采权,花你
家园 哈哈,给老大送花果然有宝

不过便宜了捕头这个财主,自己没戏

谢谢:作者意外获得【通宝】一枚

鲜花已经成功送出。

此次送花为【有效送花赞扬,涨乐善、声望】

家园 花非花!
家园 现在我最好奇的就是巨额金融资产下一步会炒作什么

粮食和石油都炒作过了,难道再回头炒作股市和房地产?不太像

家园 确实,最近的资金流向十分诡异

7月中下旬以后,商品期货、债券和股市、汇市到处都是看跌,却没有涨的地方。钱都到哪里去了?这些金融巨鳄怎么会把钱存在银行吃哪点儿可怜的利息呢。

家园 怎么看都觉得石油的价格是被操控的,可究竟是谁在背后操控?
家园 挽救房奴的副产品之一就是鼓励投机。
家园 未必,历史数据是共和党上台只有 top 5% 的人得利

http://www.nytimes.com/2008/08/31/business/31view.html?em

Is History Siding With Obama’s Economic Plan?

By ALAN S. BLINDER

Published: August 30, 2008

CLEARLY, there are major differences between the economic policies of Senators Barack Obama and John McCain. Mr. McCain wants more tax cuts for the rich; Mr. Obama wants tax cuts for the poor and middle class. The two men also disagree on health care, energy and many other topics.

Such differences are hardly surprising. Democrats and Republicans have followed different approaches to the economy for as long as there have been Democrats and Republicans. Longer, actually. Remember Hamilton versus Jefferson?

Many Americans know that there are characteristic policy differences between the two parties. But few are aware of two important facts about the post-World War II era, both of which are brilliantly delineated in a new book, “Unequal Democracy,” by Larry M. Bartels, a professor of political science at Princeton. Understanding them might help voters see what could be at stake, economically speaking, in November.

I call the first fact the Great Partisan Growth Divide. Simply put, the United States economy has grown faster, on average, under Democratic presidents than under Republicans.

The stark contrast between the whiz-bang Clinton years and the dreary Bush years is familiar because it is so recent. But while it is extreme, it is not atypical. Data for the whole period from 1948 to 2007, during which Republicans occupied the White House for 34 years and Democrats for 26, show average annual growth of real gross national product of 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats.

That 1.14-point difference, if maintained for eight years, would yield 9.33 percent more income per person, which is a lot more than almost anyone can expect from a tax cut.

Such a large historical gap in economic performance between the two parties is rather surprising, because presidents have limited leverage over the nation’s economy. Most economists will tell you that Federal Reserve policy and oil prices, to name just two influences, are far more powerful than fiscal policy. Furthermore, as those mutual fund prospectuses constantly warn us, past results are no guarantee of future performance. But statistical regularities, like facts, are stubborn things. You bet against them at your peril.

The second big historical fact, which might be called the Great Partisan Inequality Divide, is the focus of Professor Bartels’s work.

It is well known that income inequality in the United States has been on the rise for about 30 years now — an unsettling development that has finally touched the public consciousness. But Professor Bartels unearths a stunning statistical regularity: Over the entire 60-year period, income inequality trended substantially upward under Republican presidents but slightly downward under Democrats, thus accounting for the widening income gaps over all. And the bad news for America’s poor is that Republicans have won five of the seven elections going back to 1980.

The Great Partisan Inequality Divide is not limited to the poor. To get a more granular look, Professor Bartels studied the postwar history of income gains at five different places in the income distribution.

The 20th percentile is the income level at which 20 percent of all families have less income and 80 percent have more. It is thus a plausible dividing line between the poor and the nonpoor. Similarly, the 40th percentile is the income level at which 40 percent of the families are poorer and 60 percent are richer. And similarly for the 60th, 80th, and 95th percentiles. The 95th percentile is the best dividing line between the rich and the nonrich that the data permitted Professor Bartels to study. (That dividing line, by the way, is well below the $5 million threshold John McCain has jokingly used for defining the rich. It’s closer to $180,000.)

The accompanying table, which is adapted from the book, tells a remarkably consistent story. It shows that when Democrats were in the White House, lower-income families experienced slightly faster income growth than higher-income families — which means that incomes were equalizing. In stark contrast, it also shows much faster income growth for the better-off when Republicans were in the White House — thus widening the gap in income.

The table also shows that families at the 95th percentile fared almost as well under Republican presidents as under Democrats (1.90 percent growth per year, versus 2.12 percent), giving them little stake, economically, in election outcomes. But the stakes were enormous for the less well-to-do. Families at the 20th percentile fared much worse under Republicans than under Democrats (0.43 percent versus 2.64 percent). Eight years of growth at an annual rate of 0.43 percent increases a family’s income by just 3.5 percent, while eight years of growth at 2.64 percent raises it by 23.2 percent.

The sources of such large differences make for a slightly complicated story. In the early part of the period — say, the pre-Reagan years — the Great Partisan Growth Divide accounted for most of the Great Partisan Inequality divide, because the poor do relatively better in a high-growth economy.

Beginning with the Reagan presidency, however, growth differences are smaller and tax and transfer policies have played a larger role. We know, for example, that Republicans have typically favored large tax cuts for upper-income groups while Democrats have opposed them. In addition, Democrats have been more willing to raise the minimum wage, and Republicans have been more hostile toward unions.

The two Great Partisan Divides combine to suggest that, if history is a guide, an Obama victory in November would lead to faster economic growth with less inequality, while a McCain victory would lead to slower economic growth with more inequality. Which part of the Obama menu don’t you like?

Alan S. Blinder is a professor of economics and public affairs at Princeton and former vice chairman of the Federal Reserve. He has advised many Democratic politicians.

家园 反着炒阿

我乱猜的,跑。。。。。。

家园 这个要是都能猜出来,那做期货稳赚不赔啊

没办法,我辈只能仰望华尔街的老犹啊,也许该看看他们的报纸了

家园 老铁,你是不是作弊了

恭喜:你意外获得【通宝】一枚

谢谢:作者意外获得【通宝】一枚

鲜花已经成功送出。

此次送花为【有效送花赞扬,涨乐善、声望】

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