“The power under the constitution will always be in the people. It is entrusted for certain defined purposes, and for a certain limited period, to representatives of their own choosing; and whenever it is executed contrary to their interest, or not agreeable to their wishes, their servants can and undoubtedly will, be recalled.”

~ George Washington (1787)

Thursday, July 28, 2011

80 Members of Congress....

......who have improved their financial standing while much of the country is hurting.


The list is here.

UPDATE:

A friend of mine points out the flaws in this video:
Lies, damn, lies, and statistics.

This video is made to mislead.

One clue: heavy reliance on percentages. This is shocking when the denominator is low, which is usually the case.

2nd clue: percentages are avoided where convenient. Video switches to real numbers to say that 223 of 535 members had their net worth increase. In percentages, 41.7% of them had their value increase. Said differently, “as home prices and 401k values for America where on the slide, 58.3% of Congress saw their net worth decline as well.”

3rd clue: Doing “analysis” on only the “successful” sub group. By leaving out 58% of the group, they try to make it seem like EVERYONE is making off like a bandit.

Lastly, look at the list and notice Louis B Gohmert, Jr from Texas. His net worth declined from -110k in ’04 to -250k in ’08. He got poorer and they put him on this list.

If these guys at the website have a good point, they failed to make it.
 Thanks, 'brain!