Tag: Robert Samuelson

If this depression is egalitarian, I’m Lloyd Blankfein!

Robert Samuelson sez this depression recession is “egalitarian.”

It has been the most egalitarian of all the 11 recessions since World War II.  In various ways, it has touched every social class through job loss, pay cuts, depressed home values, shrunken stock portfolios, eroded retirement savings, grown children returning home-and anxiety about all of the above.

This graph of unemployment by income level sure the fuck doesn’t look “egalitarian:”


Samuelson transforms Glaeser’s hackery into The HSR Stupid / Update

Morris says he and his tag-team High Speed Rail partner Ed Glaeser … that’s HSR or #HSrail for short … are taking at least a one week break. So Robert Samuelson steps into the breach.

He repeats the old familiar argument:

  • (1) Amtrak requires operating subsidies.
  • (2) Rail operators overseas had the same problem.
  • (3) Rail operators overseas found out that increasing the speed solved the problem.
  • (4) So if we do the same thing, it will lose money.

Why does (4) follow from (1), (2), and (3)? It doesn’t, of course, its just guilt by association given the form and shape of an argument to allow intellectually dishonest rhetoric to pass as if it were real argument.