YOUR WORLD IN TABLES: ARE YOU BETTER OFF TODAY EDITION.
The fine folks at CEPR recall Reagan's question to the American people: Are you better off today than you were four years ago? Only, they've got eight years of data to examine, and they have the internets and html and the ability to make a table:
It's actually testament to the tribal nature of politics that the election is anywhere in the neighborhood of close. If party affiliation and cultural recognition were irrelevant, there's no earthly way that Republicans would even be considered for another go at the presidency. As it is, elections are far more about what you are" than "what they've done," except for a fairly small sliver of folks who don't pay much attention and aren't the sort of folks you convince with tables full of economic data anyway.
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COMMENTS (17)
But according to National Review On-line and Instapundit (Glenn Reynolds), its all the fault of Black and Brown people! And they say we liberals are "un-American."
Posted by: rickstersherpa | September 26, 2008 12:10 PM
Ezra, I know you aren't taking requests right now, but I think it would also be helpful to display the same data for 2006 to dispel the myth that this is really about the last two years of Democratic control in Congress.
Posted by: Rob in Madison | September 26, 2008 12:21 PM
holy crap, they sure save the bombshell for the end, don't they?? A HUGE increase in productivity accompanied by losses in every economic indicator. We have got to get these assholes out of the White House.
Posted by: spike | September 26, 2008 12:23 PM
A breakdown of family income by quintiles would probably show what's driving up the median. That would tarnish one of those 2008 checkmarks.
Posted by: Grumpy | September 26, 2008 12:36 PM
P.S. Does productivity growth really count as a "better off" category? Does anyone say, "My wages are down, but my productivity is growing faster than ever!"
Posted by: Grumpy | September 26, 2008 12:37 PM
Choosing certain years can be a bit superficial. If one looks at economic realities and trends and not who the president happens to be, the year 2000, regardless of who's in the WH, is a very odd year to use for comparisons unless you pick a year that equals it in terms of economic cycles to provide apples to apples comparisons. 2008 is not such a year.
The year 2000 was a high water mark and the last year of the tech/economic boom that had been going for the previous few years.
The check marks get very jumbled up if you pick more equivalent years.
Compare 1996 or 1997 (the last years before the late 90s economic boom) and see what you get.
Posted by: John V | September 26, 2008 12:47 PM
It will be interesting to see how all the GOP-leaning bankers and businessmen who are getting laid off react when they start trying to widen their job search to other sectors and realize that if they want to get a job anytime soon, they'll have to take 50% paycuts. It's one thing to hear about how the economy outside your bubble is terrible -- it's another thing to become one of the struggling people.
Posted by: tom veil | September 26, 2008 1:28 PM
I hesitate to enter the murky world of anecdotal stories, especially with such an inane and unrelated item, but your comments about tribalism in politics made me think of a comment I heard in Omaha last week from the proprieter of a motel:
"I don't care if the devil himself is on the Republican ticket, I'm voting Republican."
Laugh or cringe at your leisure.
Posted by: Patrick G | September 26, 2008 2:29 PM
Is that median income quoted as constant dollars? You should note that in the chart.
Posted by: pfc | September 26, 2008 2:42 PM
I agree with other posters. The productivity is the real outlier. It has been pointed out in the past, that workers were not seeing their fair share of the benefit in productivity growth, but management and shareholders were getting the bulk of it.
Posted by: Josh | September 26, 2008 2:46 PM
Don't forget the value of the dollar re: Euro, etc.
Posted by: John McCain: Worse than Bush | September 26, 2008 3:41 PM
And don't forget the deficit -- all those numbers despite borrowing trillions from China.
Posted by: John McCain: Worse than Bush | September 26, 2008 4:14 PM
Hey do you know who is the greatest of the US presidents if you rate them objectively like in Ezra's post? Warren G. Harding. He freed Wilson's political prisoners and presided over a period of peace and prosperity.
Posted by: floccina | September 26, 2008 5:19 PM
Hey do you know who rates among the best of the US presidents if you rate them objectively like in Ezra's post? Warren G. Harding! He freed Wilson's political prisoners and presided over a period of peace and prosperity. I bet the very conservative Clinton also would rate very high along with Silent Calvin Coolidge. Bush would be at the bottom with Hoover but also with Carter, FDR (years of depression and a big war) and LBJ. Funny that.
Posted by: floccina | September 26, 2008 5:25 PM
Best to say, "Is the country better off today than it was"?
20% of individuals might correctly say, yes, they actually are better off. Only a fraction will actually believe the country is better off.
Posted by: urban legend | September 26, 2008 5:25 PM
I don't think it's quite right to blame the tight race on everyone's tribalism, just *some* people's tribalism. In my voting life, the best Republican president we ever had was Jerry Ford, and *he* pardoned Richard Nixon! While I readily admit that some people will vote Democratic without a clue as to what the party platform is or knowing anything about the candidates, I think that's much more common among the faith-based party than the reality-based party. And anyone who thinks Sarah Palin is fit to serve as Vice President or, God forbid, President, is *definitely* not based in reality!
Posted by: greennotGreen | September 26, 2008 6:16 PM
good thing the chart doesn't show what the end of 2000 looked like.......
Posted by: Demo-rat | September 27, 2008 12:59 PM