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September 17, 2010

Why does the Wall Street Journal hate America?

On its opinion page, I caught the Journal in an outright lie.

That said, chill, Dems; the lie, when corrected, redounds most poorly on the Slickster, not either Bush or St. Ronald of Reagan.

A lame-o op-ed, a Faux-ditorial if we will, since the WSJ is part of Rupertville, totally ignores what everybody with economic knowledge knows: the income gap in the U.S. is the worst since at least the Depression, if not the last 100 years.

Instead, it uses the editorial as an excuse to bash Obama.

As far as income inequality measured by the Gini index? The WSJ tells an outright lie with the claim that it hasn't changed much. Wikipedia shows otherwise.

We have about as bad of income disparity as Mexico! And, the gap is ... closing. If current trends continue, we will be more income-disparate than Mexico in 20 years or so.

That said, both parties are to blame. While the problem got moderately worse under Reagan, it really got worse under neolib, China-loving Bill Clinton, more than under Reagan or either Bush.

Wiki has more on American income inequality here and here.

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