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by TexasBlue Wed Nov 03, 2010 10:11 am
Ooops
Neal Boortz
November 3, 2010
A few weeks ago, the Social Security Administration released statistics on 2009 wages in the United States. Much to many peoples' surprise, the report said that top U.S. wage earners had seen their pay quintuple in 2009. Wow. In this economy? We are talking about an average of $519 million for the top wage earners. You can imagine the wealth envy crowd just went nuts!
So Bloomberg News wrote a story about the record high wages, but not before checking with the agency to confirm the data. Bloomberg News calls the Social Security Administration and says, is this correct? The SSA looks at the newly released data and says, "Yeah, um, that's what our numbers say."
Then as soon as they get off the phone with Bloomberg News, someone has to change his diapers. Crap. There's been a BIG mistake. So they start to investigate and go through the W-2s by hand. They go through the W-2s of the top 74 highest earners in the country. What do they find? Turns out that two people filed multiple W-2 forms that claimed they were multibillionaires. We are talking about a $32.2 billion mistake. It skewed the statistics so much, that instead of seeing their pay quintuple in 2009, the average incomes of top earners actually declined 7.7%.
So there you go. I wonder if the ObamaZombie media will bother to report that correction. Then again, the wealth envy angle really works out well for them, don't ya think?
Neal Boortz
November 3, 2010
A few weeks ago, the Social Security Administration released statistics on 2009 wages in the United States. Much to many peoples' surprise, the report said that top U.S. wage earners had seen their pay quintuple in 2009. Wow. In this economy? We are talking about an average of $519 million for the top wage earners. You can imagine the wealth envy crowd just went nuts!
So Bloomberg News wrote a story about the record high wages, but not before checking with the agency to confirm the data. Bloomberg News calls the Social Security Administration and says, is this correct? The SSA looks at the newly released data and says, "Yeah, um, that's what our numbers say."
Then as soon as they get off the phone with Bloomberg News, someone has to change his diapers. Crap. There's been a BIG mistake. So they start to investigate and go through the W-2s by hand. They go through the W-2s of the top 74 highest earners in the country. What do they find? Turns out that two people filed multiple W-2 forms that claimed they were multibillionaires. We are talking about a $32.2 billion mistake. It skewed the statistics so much, that instead of seeing their pay quintuple in 2009, the average incomes of top earners actually declined 7.7%.
So there you go. I wonder if the ObamaZombie media will bother to report that correction. Then again, the wealth envy angle really works out well for them, don't ya think?
TexasBlue
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