Doug Jones Average
The "Doug Jones Average," a concept created by Jim Hightower, is the proposal that in order to check the true health of the American economy, it is less useful to look at the Dow Jones Industrial Average than it is to check up on how Doug Jones down the street is doing. If Doug Jones is on welfare, cannot feed his family, is blowing his savings, and is three weeks behind on his bills, the Doug Jones average is "down." If Doug just got a raise, can pay his bills and Doug and his family are looking into owning a nice but not too expensive house, the Doug Jones average is "up."
Read more about this topic: Jim Hightower
Famous quotes containing the words jones and/or average:
“Some day the workers will take possession of your city hall, and when we do, no child will be sacrificed on the altar of profit!”
—Mother Jones (1830–1930)
“The average parent may, for example, plant an artist or fertilize a ballet dancer and end up with a certified public accountant. We cannot train children along chicken wire to make them grow in the right direction. Tying them to stakes is frowned upon, even in Massachusetts.”
—Ellen Goodman (b. 1941)