Monday, March 16, 2015

James Pethokoukis, Yes you did miss something

Pethokoukis on Kurt Anderson's column about the 90s:
With so many stats, strange that Andersen fails to offer even a single one about rising inequality. The top 1% US income share in 1992 — which Andersen cites as the start of the good times — was 13.5%, according to the World Top Income Data Base. When Bill Clinton left office in 2000, the share had risen to 16.5%.
James, look at the data, once again, pleas.  The Gini took a huge jump in 1992, Clinton took office in 1993. I went through the data, but then I data check, you just spout useless recipes.  The jump in Gini happened when rate plunged after the 1991 recession, Bush the elder's recession. After that, the Gini remain on its normal trend.

Is this your take? You left no reference:

The US economy entered the 1990s after undergoing a huge revamp in the 1980s: marginal tax rates were lowered from 70% to 28%, the inflation menace slayed, regulations reduced, and Corporate America got restructured. Then in the 1990s, government spending and debt were reduced, investment taxes cut,

Well, James. Taxes were still low when lil Bush took office, he ran the deficit to high heavan, and growth continually dropped until the big crash, the normal Republics Communist behavior. Bill Clinton took the deficit away, continuously, since the day he took office. straight shot into surplus.  Every friggen Republican president frigged that up, clueless dunces, all of them.

James, you have not yet learned, I data  check your bullshit, you cannot get away with recipes, you have to check your friggen data.  I have covered all this material with charts, causality, order of events since the Nixon shock, you end up on the wrong part of the recipes because you fail data analysis.

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