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September 8, 2006
Too Slow out of the Gate
When I saw Kevin Drum hyperventilating about median family incomes dropping under President Bush, I decided to check the statistics myself to see how this really looks. After all, Drum's data points are 1999 and 2005 — why those two? Is that simply the choice that makes the President look worst? I don't feel less wealthy. Besides, I am always suspicious of a trend line based on two data points: such a comparison seldom proves anything useful.
But before I could get around to it, Jane Galt beat me to it. (hat tip: Glenn Reynolds)
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