Wednesday, March 18, 2009

Innumeracy


$165 million dollars in AIG bonuses is an outrage, no doubt, but let's keep that in perspective.
What about the other $169 BILLION dollars? The media and the government overseers should give that a bit more attention. Here's an 'Outrage Proportion' graph for ya.

That $170 billion dollars could provide $85,000 in expanded unemployment coverage for every one of the two million folks who've lost their jobs since the collapse began.
That's about two years income for the people who have taken the real hit in this crisis.
Once again we see the most basic economic truth in action.
People = Shit

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