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View Diary: Surprise! Report says income inequality still getting worse in most states (47 comments)

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  •  On the graph (3+ / 0-)
    Recommended by:
    jck, Pilgrim X, opinionated

    Its interesting to note how inequality grew fastest during the Clinton years when offshoreing became standard practice for US corporations.

    “The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” ~ John Kenneth Galbraith

    by Lefty Coaster on Fri Nov 23, 2012 at 10:56:21 AM PST

    •  Chart shows the poor also profited (0+ / 0-)

      Just not as much. That doesn't make sense if their jobs were outsourced: that the poor got richer!

      Something must be wrong with this chart.

    •  Repeal of Glass Steagall (3+ / 0-)
      Recommended by:
      tardis10, Eric Nelson, Lefty Coaster

      I suspect that might have had more to do with it.

      "...you can’t find any oxygen from outside the aircraft to get in the aircraft, because the windows don’t open. I don’t know why they don’t do that. It’s a real problem." Mitt Romney

      by Catte Nappe on Fri Nov 23, 2012 at 11:36:40 AM PST

      [ Parent ]

      •  Clinton's slashing of Dividends &Capital Gains tax (1+ / 0-)
        Recommended by:
        Catte Nappe

        that were even more generous than Dubya Bush's also played a big role.

        “The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” ~ John Kenneth Galbraith

        by Lefty Coaster on Fri Nov 23, 2012 at 01:17:38 PM PST

        [ Parent ]

      •  Yep. Part of a corporate blueprint to dominate.. (4+ / 0-)

        ..democracy that was taking off in the 1970's.
        The Lewis Powell Memo

        Forty years ago today, on August 23, 1971, Justice Lewis F. Powell, Jr., an attorney from Richmond, Virginia, drafted a confidential memorandum for the U.S. Chamber of Commerce that describes a strategy for the corporate takeover of the dominant public institutions of American society.

        Powell and his friend Eugene Sydnor, then-chairman of the Chamber’s education committee, believed the Chamber had to transform itself from a passive business group into a powerful political force capable of taking on what Powell described as a major ongoing “attack on the American free enterprise system.”

        The Organizations on the team:
        Historian Kim Phillips-Fein describes how “many who read the memo cited it afterward as inspiration for their political choices.” In fact, Powell’s Memo is widely credited for having helped catalyze a new business activist movement, with numerous conservative family and corporate foundations (e.g. Coors, Olin, Bradley, Scaife, Koch and others) thereafter creating and sustaining powerful new voices to help push the corporate agenda, including
         • the Business Roundtable (1972),
         • the American Legislative Exchange Council (ALEC - 1973),
         • Heritage Foundation (1973),
         • the Cato Institute (1977),
         • the Manhattan Institute (1978),
         • Citizens for a Sound Economy (1984 - now Americans for Prosperity),
         • Accuracy in Academe (1985), and others.
        Including: The long demise of Glass-Steagall
        •  He did do a pretty thorough job, didn't he? (2+ / 0-)
          Recommended by:
          Eric Nelson, kaliope

          Underestimated the importance radio would prove to play, but still...

          Take the core goal, and you can always adapt to the changing media landscape. (At least until things like blogs, FB, Twitter and other "people powered printing presses" allow us peons to gum up the works.)

          Reaching the public generally may be more important for the shorter term. The first essential is to establish the staffs of eminent scholars, writers and speakers, who will do the thinking, the analysis, the writing and the speaking. It will also be essential to have staff personnel who are thoroughly familiar with the media, and how most effectively to communicate with the public.

          "...you can’t find any oxygen from outside the aircraft to get in the aircraft, because the windows don’t open. I don’t know why they don’t do that. It’s a real problem." Mitt Romney

          by Catte Nappe on Fri Nov 23, 2012 at 02:38:06 PM PST

          [ Parent ]

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