Chart of the Day

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Pew’s recent polling report, “Trends in Political Values and Core Attitudes: 1987-2009,” is chock full of fascinating nuggets, not least of which is its surprisingly robust finding of substantially increased political polarization over the past 20 years.  Also: the continuing demise of the GOP and the continuing triumph of more liberal social values among all age cohorts.  On the downside: environmentalism is looking pretty ragged.  Bloggers looking for inspiration should have no trouble finding plenty of good stuff here.

At the moment, however, I guess I’m in the mood for some idle chitchat.  Namely, how do we explain this particular chart?  Take a look at just the last two data points, which show the effect of the current recession.  Rich people feel lousy: their financial satisfaction has plummeted 20 percentage points.  But the recession has had only a minor effect on the financial satisfaction of the upper middle class and it’s had no effect at all on the lower middle class and the poor.

Why?  One possible explanation is that the bottom three classes had already gotten most of their dissatisfaction out of the way: compared to the start of the Bush era, they were already at least ten points more dissatisfied by 2007.  They just didn’t have much further to fall.  The rich, by contrast, had been getting richer and more satisfied all along, so when the recession hit, it hit hard.

I’m not sure I buy that, though.  It’s intuitively reasonable that when people get into a long-term funk over their stagnant (or worsening) finances, a new shock to the system just gets added to the pile and shrugged off.  But there are shocks and there are shocks, and this particular recession has produced rising gasoline prices, substantially higher levels of unemployment and underemployment, millions of home foreclosures, and a huge loss of housing wealth even for those who have kept their homes.  Those are the kinds of shocks people don’t just shrug off.

The rich becoming less financially satisfied is easy to understand.  But why is it that the non-rich seem to be mostly taking things in stride?  Some kind of weird Obama optimism effect?  A sudden realization that plasma TVs aren’t all they’re cracked up to be?  I’m a little stumped here.

(Via Ramesh Ponnuru.)

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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