[GPSCC-chat] Obama & Economic Recovery

[Spencer Graves]

http://www.census.gov/hhes/www/income/data/historical/inequality/index.html


A key point in analyses like this is to use a log scale for money, 
because it creates a straight line from growth at a constant percent per 
year.  This is a very simple thing that I do not recall seeing in the 
serious economics literature.


       Spencer


On 8/30/2011 8:16 PM, eden wrote:
> On Tue, Aug 30, 2011 at 20:03, Spencer Graves
> <spencer.graves at prodsyse.com>  wrote:
>>       To the extent that money wins elections, Obama can't afford to pay more
>> than lip service to the bottom 90% of the US populace.  As indicated in the
>> attached plot of data from the US Census bureau, Bill Clinton was the only
>> president since Lyndon Johnson who who made the economy grow for all
>> Americans.  You want to know why the ultra right in the US spent millions of
>> dollars in privately funded investigations in the 1990s trying to find a way
>> to destroy him?  Here's the answer.
>>
>>
>>       I think Obama knows this.  Until a critical mass of the US electorate
>> starts getting their news and world views from other sources, Obama must
>> toady to the ultra-wealthy or face the same kind of intense hostility from
>> the media that got Clinton impeached.
>>
>>
>>       Moral:  If you lie to the world in order to murder hundreds of
>> thousands of people for essentially no good reason, that's wonderful as long
>> as the ultra wealthy get their cut.  Otherwise, they will find a way to get
>> you.
>>
>>
>>       Enjoy.
>>       Spencer
>     Thank you very much for articulating what i've been thinking for a
> long time... even before the election of Obama.
>
>     Can you point me to the source of the data and your diagram? I'd
> love to do some spreadsheet manipulation of that data.
>
>     Thank you.
>


-- 
Spencer Graves, PE, PhD
President and Chief Technology Officer
Structure Inspection and Monitoring, Inc.
751 Emerson Ct.
San José, CA 95126
ph:  408-655-4567
web:  www.structuremonitoring.com