Friday, August 29, 2014

Yes, Virginia, This Is Why 30% of Americans Don't Know Their Economic Asses from a Hole in the Ground.

A really good graph can tell a whole story anybody could understand:

This is a story of how income inequality expands at the expense of somebody, in this case the middle class. This isn't an accident but the result of policies and practices of a democratic nation. We can do better. So far we have not chosen to do so. For the whole story as told by Jared Bernstein, read this.

Today's thought experiment: Imagine how Fox News would handle this. Pick anyone, Sean Hannity, Bill O'Reilly, The Five, Geraldo, Stuart Varney.

Next, consider how this "Faux Effect" might influence that portion of the electorate who would look at this graph and blame immigrants or creeping socialism or [insert favorite boggy man here].

Stuart Varney has found his favorite boggy man:

Yes, stick to matters of faith and morals, Pope Francis. Capitalism runs best when unhindered by morality.

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