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Overheated Economy

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Thu Apr 19, 2007 8:19 am    Post subject: Overheated Economy Reply with quote

Sometime back my cohort and I began mocking the propensity by policy makers to use an automobile metaphor for the economy and then justify actions based on that.

The classic is the "overheated" economy. It's being used today to describe China's 11 percent growth:

http://story.news.ask.com//article/20070419/D8OJMBNO0.html
Quote:
BEIJING (AP) - China's sizzling economy surged 11.1 percent in the first quarter, causing the country's Cabinet to declare Thursday it will take steps to keep the economy from overheating.


How does an abstract concept such as the economy overheat? What does that mean? There will be no explanation, but it will be used to take all kinds of action!
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brian-hansen
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Joined: 17 Mar 2006
Posts: 712
Location: Oregon

PostPosted: Thu Nov 18, 2010 9:25 am    Post subject: Reply with quote

It'd be nice if this really worked.

The mechanic, in greasy coveralls, is looking under the hood.

"It's not a fuel problem, or the 'timing'.
No spark. Your economy isn't getting any spark."

Meanwhile, it's hard to avoid the idea that those who
offer these comfortable metaphors are pretty much just guessing.

After all, that voltage isn't just going to regulate itself.
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Thu Nov 18, 2010 12:25 pm    Post subject: Reply with quote

The latest incarnation of the car-economy extended metaphor is the one Obama was cited with overusing -- "the car in the ditch".

This is interesting because it's kind of an extra-semantic use -- clearly referring to the entire economy as "the car" and seeing "it" -- the economy -- as somehow struggling to emerge.

So, a Democrat would see himself, the Government, as trying to push the car-economy out of the ditch, whereas a Republican might be waiting for the car to be able to get itself out...or perhaps be replaced with an SUV or large pickup truck.
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Tue Sep 13, 2011 6:48 pm    Post subject: Reply with quote

With slow growth pervading business and jobs like ship sailing into the doldrums, I notice many more people have gone to the "jumpstart the economy" overextended car metaphor catch phrase.

Googling it, 995,000 hits.

And 116 from today's news.

Quote:
The report is also a reminder that all the efforts to jumpstart the economy are not helping the nation's poorest people.


http://www.pbs.org/nbr/site/onair/transcripts/americans_live_in_poverty_110913/
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