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Barack Obama  |
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Rob Kailey is a working schmuck with no ties or affiliations to any governmental or political organizations, save those of sympathy.
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Sun Mar 04, 2007 at 16:52:24 PM MST
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| James Galbraith takes a look at where income inequality gaps grew over the last decade and a half. The numbers that come out are interesting. Income inequality did expand under Clinton, but as Galbraith notes, the skyrocketing incomes were located basically in high tech counties (in California and Washington) and Manhattan.
Where is the recent "Bush boom" occuring? In fact, there was one group of counties that did exceptionally well in the first four Bush years. Guess what? They're concentrated around Washington, D.C. Of the top 10 gainers from 2000 to 2004, three are Washington neighbors (Fairfax, Montgomery, and Baltimore), and one is D.C. itself. Among the top 35 gainers, there are five more counties in the immediate vicinity. This may explain why the D.C. Republicans have remained so convinced of the robust economy -- record growth rates in the military-industrial complex have D.C. booming.
The rest of the country isn't doing so hot.
Interesting, though, isn't it -- it was true private sector enterprise that flourished under the Dems and it's now the beneficiaries of corporate welfare who are leading the boom. |
| Matt Singer :: An Interesting Juxtaposition |
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