Pushing “Zombie Economy”
ZombieLaw already told you about CNBC’s Patti Domm’s “zombie economy”, a sort of renewed zombie economics rhetoric similar to before the Miami causeway incident. Now that we are post- Bath Salts legislation, it’s time to bring back the old (as Rob Zombie recently said “Everything old is new again, I guess”) and with the poor jobs numbers, welcome to the Zombie Economy.
CNBC’s Marc Courtenay helped reinforce the expression in his Stocks That Shine in a ‘Zombie Economy’. The stock picking advice is sort of similar to Melissa Phipps’ defense of zombie economy – The idea is that if you believe it’s getting better, now is a good time to buy.
Meanwhile Ben White at Politico doubled down on his prior usage of zombie economy – this morning asking (and answering himself): “IS IT REALLY A “ZOMBIE” ECONOMY? YEAH, PRETTY MUCH”:
It may not be President Obama’s fault (you can argue it mostly isn’t). But no matter who you blame, the president is stuck with an economy that feels like a character out of the “Walking Dead,” stumbling around dumbly both dead and (sort of, technically, kind of) alive. And there is little reason to think things will improve in a significant way before Election Day.
The turn of phrase is running around the blogosphere today, in some cases it’s Obama’s Zombie Economy and in others the phrase is attributed to the vague “some people”. One notable appearance was in the NY Times politics blog earlier today, where Michael Shear wrote, “Obama’s Campaign Zeroes In on Romney’s Wealth“:
“Americans are struggling in a ‘zombie economy’ and President Obama’s only answer is to pass one of the largest tax hikes in history,” said Amanda Henneberg, a spokeswoman.
Then after the original post, an update:
Ben LaBolt, a spokesman for Mr. Obama’s campaign, emailed … “There have been other wealthy candidates, nobody is out to demonize wealth.”
In contrast, recall the Obama campaign theme that Bain Capital was a vampire.
The dance of the dueling press secretaries:
And now, an adapted version of Shear’s NY Times blog post has become a regular NY Times article for tomorrow’s politics section, re-titled: “Obama’s Camp Makes Aggressive Push for Romney to Disclose Offshore Finances” with Dalia Sussman contributing.
Finally (for now), and putting it all together, is David Grant at CSMonitor, writing “Fiscal zombie apocalypse in Washington? Obama and Congress on taxes.“:
Washington is facing a zombie apocalypse. GOP presidential aspirant Mitt Romney whacks President Obama for presiding over a “zombie economy.” Rep. Jim Cooper (D) of Tennesee says Congress is remiss in its duties by putting off tough financial decisions until after the election, a season he calls the “zombie Congress” for the number of lawmakers who won’t be back in the new year.
So how do you kill America’s fiscal zombies?
In a talk Monday morning at the Brookings Institution in Washington, Gov. Chris Christie (R) of New Jersey had a simple cure – political risk taking.
That’s right! New Jersey Governor Christie.
His weapon of choice? Well, it helps that New Jersey governors get line-item veto powers. And that he forced public employees to pay a third of their health care costs. And he has been able to manipulate the special interests and make the legislature work for him. Strong leadership from the Executive, not waiting to react to a dead weight legislature – wow, now there’s a concept. Call it New Jersey style.