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Comments on: Another Reporter Taken In https://whynow.dumka.us/2010/02/28/another-reporter-taken-in/ On-line Opinion Magazine...OK, it's a blog Mon, 01 Mar 2010 05:38:52 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2010/02/28/another-reporter-taken-in/comment-page-1/#comment-51287 Mon, 01 Mar 2010 05:38:52 +0000 http://whynow.dumka.us/?p=13357#comment-51287 In reply to John B..

I’m not an economist, John, but I am in business, and when people tell me things, or make statements that don’t accord with reality as I know it, I always go for the data.

That median/mean thing is personal me, because I have seen it abused so often. I started out in computing, after the Air Force, in business data processing, doing maintenance programming on the accounting system at a large company. Numbers have specific meanings, and writing programs to find specific numbers for executive reporting was a regular task. The top floor loved statistics, but they were touchy about that median/mean thing and it was a regular rant by the VP for accounting. It was hammered into my department because someone had screwed it up at some point before I got there,

I really hadn’t encountered Rose before, but he was obviously full of it with those numbers. That’s the kind of thing Bernie Madoff did, and he was at least sent to prison. If Rose keeps it up, he’ll end up there, or the Heritage Foundation. 😈

]]> By: John B. https://whynow.dumka.us/2010/02/28/another-reporter-taken-in/comment-page-1/#comment-51285 Mon, 01 Mar 2010 04:53:27 +0000 http://whynow.dumka.us/?p=13357#comment-51285 Good catch, Bryan, but — don’t take this wrong — better women than you got there first. Namely, Elizabeth Warren, who eviscerated Stephen Rose’s pseudo-economics in an article about how he ginned up an ‘average household income’ number by excluding younger workers and retired people. She called it a “third grade trick” or something like that. Paul Krugman has dismissed Rose, too, essentially for being a buffoon.

Stephen Rose is a self-appointed leading blowhard of the so-called “Third Way” that claims to be trying to forge a ‘new economics’ but spends most of its time fighting government regulation, deceptively arguing the middle class is better off than they and their bankruptcy lawyers think, the poor have it too good, and rich people need more. Invariably, he articulates a deeply deceptive and factually distorted view of reality, in service to what appears to be an ideological affinity for lassez faire capitalism of the Robber Baron variety.

You will not be surprised to learn that multi-millionaire U.S. Senator Evan Bayh is a one-man fan club of the Third Way. Lie down with blue dogs and you get up with flakes.

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