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Stiglitzs Us Datapoints

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by Felix Salmon
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Nov 09 2007 12:00am EDT

Stiglitz's US Datapoints

Vanity Fair gives Joe Stiglitz 4,000 words in its December issue, and he delivers what Andrew Leonard describes as "a stinging, biting, razor-sharp dissection of everything George W. Bush has done wrong as the keeper of the American economy". A few datapoints jumped out at me:

  • A young male in his 30s today has an income, adjusted for inflation, that is 12 percent less than what his father was making 30 years ago.
  • 5.3 million more Americans are living in poverty now than were living in poverty when Bush became president.
  • Agricultural subsidies were doubled between 2002 and 2005.
  • Between March 2006 and March 2007 personal-bankruptcy rates soared more than 60 percent.

This is not the whole story, to be sure. But it is depressing, all the same.

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