What annoys me most about the presidential campaign is how every candidate and surrogate dumbs down everything to a few campaign talking points. The very intelligent candidates and highly accomplished surrogates never answer real questions and always choose to revert to their stump speeches. That would be acceptable in a Third World nation with a literacy rate of 50%, but not in America. The dumbing down is an insult to the highly engaged and worried public that is looking for solutions.
The rich get richer and the poor get poorer. I heard this statement quite a bit lately particularly in light of the sub-prime mortgage and general housing crisis in the US. The country has enjoyed significant economic prosperity and both Clinton and Bush boasted economic growth under their reign. Unfortunately, the beneficiaries of the economic boom are not people from all economic backgrounds, but rather the top 10%. To make things worse, Bush gave tax cuts mainly targeting the top 10%. Being more of a numbers guy, I always wanted showing the validity of the-rich-get-richer-n-the-poor-get-poorer statement. Thanks to Wikipedia , I have finally found it!! Both the mean and median net worth of families for the bottom 50% of the population has remained absolutely flat while the 75th-90th percentile see a decent growth and the top 10% enjoy the most appreciation on their net worth. So, if you factor in inflation, the-rich-get-richer-n-the-poor-get-poorer probably holds true. The g...
Comments