Tag Archives: inequality

Median Net Worth of Households During the George W. Bush Administration

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erosion of median net worth during George W. Bush administration

Median net worth destroyed during the George W. Bush Administration

The Pew Research Center study found:

The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009. These lopsided wealth ratios are the largest since the government began publishing such data a quarter century ago and roughly twice the size of the ratios that had prevailed between these three groups for the two decades prior to the Great Recession that ended in 2009 … In 2005, both the stock and housing markets were still rising. Thus, had the base year for these measurements of wealth been closer to the top of these markets in 2006 or 2007, the recorded declines are likely to have been even steeper.[Pew Research Center]

George W. Bush’s second term began in 2005, the Great Recession ended in 2009. When I think of George W. Bush and his ilk or sort (as the Brits say), Francisco Goya’s painting, Saturn Devouring His Sons comes to mind.

Saturn eating his children by Goya

 A metaphor for the George W. Bush Administration and a visual representation of the Republican economic and social agendas.

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London Riots: The BBC Couldn’t Handle What Darcus Howe Had to Say

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Who knows, the BBC might quash this interview footage with Darcus Howe, West Indian Writer and Broadcaster.

Did you notice how at 3:27 the interviewer accused Darcus Howe of taking part in riots? She said that he was, “not a stranger to them.” Oh, what a clever tactic, to shed doubt on his credibility; she went looking for context and didn’t like the view. I’m reminded of a scene in the 1998, film Bullworth:

Bullworth: You know the guy in the booth who’s talking to you in that tiny little earphone? He’s afraid the guys at network are gonna tell him that he’s through/ If he lets a guy keep talking like I’m talking to you/ Cause the corporations got the networks and they get to say who gets to talk about the country and who’s crazy today/ I would cut to a commercial if you still want this job/ Because you may not be back tomorrow with this corporate mob/Cut to commercial, cut to commercial, cut to commercial.

Darcus Howe wrote back in 2008: Read the rest of this entry