Tuesday, September 2, 2008

Income Growth / Equality by Presidential Party

And now for a post that is sure to anger 50% of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 U.S. population...

NY Times: Is History Siding With Obama’s Economic Plan?

When Democrats were in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 White House, lower-income families experienced slightly faster income growth than higher-income families — which means that incomes were equalizing...

The table also shows that families at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 95th percentile fared almost as well under Republican presidents as under Democrats (1.90 percent growth per year, versus 2.12 percent), giving cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365m little stake, economically, in election outcomes. But cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 stakes were enormous for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 less well-to-do. Families at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 20th percentile fared much worse under Republicans than under Democrats (0.43 percent versus 2.64 percent). Eight years of growth at an annual rate of 0.43 percent increases a family’s income by just 3.5 percent, while eight years of growth at 2.64 percent raises it by 23.2 percent.
Hat Tip: Naked Capitalism

6 comments:

  1. And before any commenters even start coming up with reasons why this isn't really because Republicans can't run a country, head on over to Angry Bear, and read up - every possible explanation or excuse has been examined, and no, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re's no ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r reason than cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir incompetance at running economies to explain this.

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  2. Just remember that "Past Performance is No Guarantee of Future Results"

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  3. This data set is mostly irrelevant. What would be far more relevant are statistics pertaining to how easily people shift income class.

    I'm not sure we should even be aiming to financially reward cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bottom 20%: cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are most likely doing something wrong, and less money ought to be a catalyst for changing cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir economic habits.

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  4. I think it's a bit of a stretch to say that Angry Bear has refuted every possible explanation of Bartels's results.

    Jim Manzi's analysis at The American Scene points out that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 results are very sensitive to which years of each administration you credit to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 sitting president. Bartels credits each president with economic results starting with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 second year of his administration, which isn't crazy, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 results are significantly different if you start crediting each president with eicá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 first or cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 third year of his administration. In ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r words, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 results don't seem very statistically robust. Combine that with a small sample size and it's hard to be sure what conclusions to draw.

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  5. could we make a similar set of graphs, but also outlining who had control of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 house / senate?

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  6. Fair point, Chuck. The Clinton administration is often given credit for great surpluses, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 budget proposed was vastly different than cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 budget passed after Newt went to work. The difference was a great surplus to spending even more.

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