Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (111438)	2/17/2008 2:24:50 AM
From: Skeeter Bug	Respond to of 132070

Tim, i stand corrected. i posted this twice earlier... en.wikipedia.org which shows that 17% is wrong. wherever i got it, it is wrong. sorry for the confusion.

To: TimF who wrote (111438)	2/17/2008 9:33:56 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Tim, >in 2000, the poverty rate was 11%. in 2002, some 17% lived in poverty - a whopping 50%+ increase. Either your using false data, or your cherry picking the year 2002. The poverty rate now is about 12%.< Unlike some here, I suspect you are intellectually honest enough know that you have to analyze all the factors that lead to various stats instead of being a biased political hack and trying to make them prove something you want to prove. In 2000 the country was at the peak of the unsustainable and irresponsible dot com, tech, and telecom bubble that grew with the help of Greenspan, Rubin, and Clinton (in order of guilt). If the stats are correct (and I doubt everything that comes from government to begin with), that's what accounts for excellent performance in 2000. No shock there. At or near the peak of a boom (even unsustainable and unhealthy ones like the bubble) jon performance and other measures often look good. In 2002, we were still in the middle of paying the economic piper for the excesses of the late 90s and the ongoing trends of globalization (union manufacturing jobs leaving the U.S. and being replaced lower paying service jobs).