Sunday, October 16, 2011
CHARTS: Here's What The Wall Street Protesters Are So Angry About...
I think this Business Insider article is one of the best collections of facts I've ever seen assembled about the economy.
Each graph is linked to its source or has the source stated as part of the chart image. Most come from the Federal Reserve Bank of St. Louis. Others are from the Bureau of Labor Statistics, the CIA (yeah, that CIA), UC Santa Cruz, Institutional Risk Analytics, Reuters, and the New York Times.
It is apolitical. It is simply historical data in graphical form about unemployment, corporate profits, banking, and the like. It doesn't project or forecast anything. It does offer brief descriptions about what that data means to everyone, not just the Occupy Wall Street movement.
The author, Henry Blodget, is no left-wing loon. Besides being CEO and Editor-in-Chief of Business Insider, he has firsthand and what some might call a "colorful" history in the financial services industry.
On a related note, I also thought that the image above was telling. It comes from The Atlantic
Was hoping we all might borrow this idea from that article:
"The greatest threat to our economy is neither corporations nor the government. The greatest threat to our economy is both of them working together," Sinclair writes. "There are currently two sizable coalitions of angry citizens that are almost on the same page about that, and they're too busy insulting each other to notice."
"If we can't persuade nations with comparable values of the merit of our cause we'd better reexamine our reasoning."
Robert McNamara, former president of Ford Motor Company, Secretary of Defense to JFK and LBJ, and former president of the World Bank in the 2003 documentary, "The Fog of War", on America's involvement in Vietnam and the fact that we, as a nation, are not and never have been omniscient or perfect.