Income Inequality Plummeting Thanks To....... George Bush

[Dave]

According to this article that bases its figures on information from the unions AFL-CIO, the average CEO to worker pay ratio had plummeted by 50% since Bush took office (the info covers from 1980 through 2009). While I'm sure there is a bit of spin in this article as it comes from a right wing source, there is most likely some truth in it as well.

Since the first Occupy Wall Street protest, you haven't been able to swing a dead cat in this country without hitting an Obama-loving media member carping and whining about income inequality.

Yet according to this chart created by the nation's largest federation of trade unions the AFL-CIO, the difference between average CEO and average worker pay has been plummeting since the year 2000:

As you can see, the real explosion in income inequality happened in the '90s as stock prices went through the rough during the tech bubble.

Yet from 2000 through 2009, this disparity actually declined by 50 percent.

To assist in furthering the point, NewsBusters member Gary Hall has added to the AFL-CIO's chart:

In reality, the real creator of income inequality in recent decades was - wait for it!- Bill "I Feel Your Pain" Clinton.

You remember the media complaining in 2000 when the average CEO was making 525 times the average worker?

No, I don't either.

But the best is still to come because the president that radically narrowed this disparity in pay was - wait for it again! - George W. Bush!

Despite this narrowing, Bush is depicted as a pawn of the wealthy and enemy of the common man.

With this data from the AFL-CIO, maybe he should be the Occupy movement and its media minions' hero rather than their goat.

Additionally, since this income disparity exploded under Clinton, maybe his fans in the press should reconsider their love for the economy of the '90s.

Unless, of course, income inequality really doesn't matter if it can't advance their liberal agenda.

Read more: http://newsbusters.org/blogs/noel-sheppard/2012/02/19/media-myth-de...

[Willy]

Larry

You have asked an ambiguous question. You need to be more specific. It's like asking  "Is it unfair for a man to have more children than a woman?"

[Willy]

Larry

It was a silly, nonsensical, ambiguous question and I hope you understood that. I'll take that course if you enroll in the "How to properly phrase a question" course.

[Sweater Cows!]

It's gettin' snarky in here!

Willy and R>L I suggest you both read Atlas Shrugged by Ayn Rand, I will take a few weeks of every day a few hours if you spend some time between chapters mulling over what happens in said chapter. Then revisit this discussion.

[Sweater Cows!]

"It's gettin' snarky in here!

Willy and R>L I suggest you both read Atlas Shrugged by Ayn Rand, IT will take a few weeks of every day a few hours if you spend some time between chapters mulling over what happens in said chapter. Then revisit this discussion."

TYPO CORRECTION.

[Willy]

When

Why don't you give us a condensed analysis of the book so I can spend more time on my numbed rear, staring thru glazed eyes at  my monitor  trying to figure out what some people are talking about.