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Graph Infection
Economic charts that might surprise you, brought to you by the American Enterprise Institute. For instance... Income inequality hasn't exploded in the last couple of decades.
Check out the rest of them too. A couple are kind of, well, scary.
posted by Spencerblog at
9:52 AM
13 Comments:
Gil - Thanks for sharing this incomplete information from a conservative think tank.
What's incomplete about it? And what's wrong with conservative think tanks?
It stops at 2000.
I am transition my wealth into far more secure places this week. I truly think part 2 of this recession will be tougher and coming early next year! Pay off all your debt, keep a pile of cash somewhere hidden but close. My truck is paid off soon.
Why can't the government live within OUR means!?!!?
Do you have a graph to show what takes place from 2000 to 2010?
Sorry about the remark about conservative think tanks. I'm sure we can rely on information from a think tank populated with the likes of Lynn Cheney, Wolfowitz, John Bolton, Gingrich, Perle...
Danny - If you're really concerned about this, you're supposed to be stock piling precious metals, not cash!
And food. And medicine. And ammo. But then you probably already have plenty of ammo.
Gee Bob, you're sounding a little cranky these days.
If you'd only made the effort to follow the link provided you might have been able to figure out that neither Lynn Cheney, nor Paul Wolfowitz, nor any of the others you mentioned had anything to do with the chart in above the post.
In fact, it was taken from a paper written by two very liberal economists, Emmanuel Saez (Cal-Berkeley) and Thomas Piketty (a French socialist).
As for it being incomplete, sorry about that. But again, if you'd followed the links you'd have learned that wealth distribution in this country has stayed pretty much the same for the last 10 years.
Gil - If I sound cranky, it's because my Lindsay Lohan issue of Playboy hasn't arrived yet. I always thought subscribers were supposed to get theirs before they hit the news stands! I'll follow the link, and unlike some of your other followers, who I won't name (danny and jake),if I erred, I'll own up to it.
The Lindsay issue isn't worth it. Not revealing enough...
Thanks Steve. Now I'm going to be even more cranky!
Gil - I checked out the link. Yes the graph you posted was developed by Saez, but to make my point, it was one of many graphs that he's developed, and the think tank, populated by the likes of Wolfowitz, Perle, etc., cherry picked this graph to try to make a point. But cherry picking is what these guy's do. Right? They even go as far as to suggest "But why not instead look at wealth—all financial and nonfinancial assets—instead of income?" One of the other charts in their 7 myth busters is one that the think tank developed, critical of an economic graph developed by the Obama administration in 2009. But if I remember right, the Obama administration was working with numbers passed down from the Bush administration, and these numbers were considerably off target. The defecit was more than twice as bad as the Bush administration had calculated. Graphs and statistics by conservative and liberal think tank's usually have an agenda. No?
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