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ECONOMY: Harrop ignores growing income gap

Letter by John L. Laakso, Fircrest on March 1, 2011 at 11:52 am | 45 Comments »
March 1, 2011 1:01 pm

Re: “The fine art of deception by skillful omission of facts” (Froma Harrop column, 3-1).

Harrop criticizes a Nation magazine article focusing on New York City as a microcosm of the growing income gap between the “have” and the “have not” groups in the United States. She accuses the author of deceiving readers by “skillful omission of facts” but picks a few parenthetical lines from the article to craft an apology for the uber rich.

But the Nation article is loaded with facts, statistics and stories of several former workers laid low by the recession. For example, the lowest income groups have unemployment statistics as bad as or worse than those in the Great Depression. But “those in the top two deciles … enjoyed the impressively low unemployment rates of 4.1 and 3.4 percent respectively.”

Dr. Andrew Sum, cited by Harrup to support her delusional attack on immigrants, is actually quoted in The Nation as saying, “See those last two groups? We call that full employment.”

While millions are out of work and losing their homes, Harrop has the gall to worry about the 57 New York City billionaires whose massive fortunes were “shaved by hundreds of millions of dollars” right before they increased their net worth by $19 billion in one year.

I have not heard a more insensitive whine about the problems of the uber rich since Ken Lay complained he suffered because he had to sell some of his 15 houses. In defending the uber rich, Harrop ignores the growing income gap.

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