Tuesday, June 02, 2009

Socialism, Socialsm! The Government Now Owns 0.0507% of American Corporations

After yesterday's announcement that GM is going bankrupt Republicans are going to be complaining about the government taking over 60% of the shares of GM.

However, when you look at the big picture, it is hardly socialism...

Marc Ambinder explains...

The section of the chart that appears in bright, bumblebee yellow is the percentage of publicly traded American companies owned by the United States.* I don't see much bumblebee yellow. What I do see is that Microsoft Excel feels the need to portray the percentage of American companies owned by the government as an irrational exponential number. That's 5.07e^-02, or %0.0507 of American companies that are owned by the United States. (When I ask Excel to display this breakdown in real numbers without the exponential it just becomes "100%" and "0%.")

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