Thursday, June 18, 2009

Wealth Stays the Same Except Under Carter

The Democrats always bill themselves as the party that will redistribute wealth and make the common Joe better off, but the stats prove them wrong--except for a couple of years under Jimmy Carter.

Why Carter? I think the simple answer is that he managed to ruin the economy better than anyone before or after his hyperinflationary reign. Of course, from what's been transpiring under Carter II (Obama), we may be (are) headed for a repeat of the 1970s and skyrocketing inflation, which denudes everyone's bank account.

Anyway, here are the statistics to which I'm referring:

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