- Capitalism and Alternatives -

Memory problem?

Posted by: Stoller on October 13, 1999 at 16:11:53:

In Reply to: and you use it to counter! posted by Gee on October 13, 1999 at 14:24:49:

: : What's wrong with this picture? Well, for starters, the baseline is too small.

: There is the point I agree.

I would hope so!

But instead of letting the matter go...

: That's why its useful to check with the semi-regular federal reserve research, such as the 1995 data showing that that the net worth of those at the bottom end of the income scale have massively increased since 1989 -- by as much as 200 percent.

What is this?

Didn't I just recently quote---from the New York Times---that 'four out of five households, or about 217 million people, are taking home a thinner slice of the economic pie than in 1977'? (5 September 1999, sec. A, p. 14.)

: At the same time, many of those higher up the scale are actually worse off in terms of net worth.

Again, from the New York Times: 'More than 90 percent of the increase [in income] is going to the richest 1 percent of households...'(ibid.)

Do you have a memory problem? Or are you like Ronald Reagan---confident that your repeated falsehoods will eventually stick?

You're incapable of admitting that your caught, aren't you?

Follow Ups:

The Debating Room Post a Followup