The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on March 06, 2012, 12:57:44 PM
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Are you feeling stimulated?
woo me with science (13,514 posts) Profile Journal Send DU Mail Ignore
Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report
http://www.democraticunderground.com/101468434
Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report
Huffington Post
Technically, the economy has been in recovery for two years. But it turns out the rich have been doing most of the recovering.
In 2010 -- the first full year since the end of the Great Recession -- virtually all of the income growth in America took place among the country's very wealthiest people, says an economist at the University of California, Berkeley. The top 1 percent of earners took in a full 93 percent of all the income gains that year, leaving the other 7 percent of gains to be sprinkled among the vast majority of society.
Those numbers come courtesy of Emmanuel Saez, the Berkeley economist who co-created a resource known as the World Top Incomes Database. Saez and his colleagues crunched the data on income growth from 2010, the most recent year available, and found that it was shockingly lopsided.
While much of the country is simply treading water, with a growing number of people either edging toward poverty or already there, the richest of the rich seem to be coping nicely...
No, things are not getting better for most Americans. The one percent continue to thieve from and impoverish us through BOTH parties of this government that they have purchased. Occupy now, because they are stripping away our civil rights and putting structures into place to prevent occupation later. Change is not coming from within this diseased, purchased system. We must occupy now. It has never been more important.
Remember this thread the next time they yammer on about Obama's 8.3 UE (now back to 9.0 and still twice Bush's historic avg.) or increased manufacturing orders (soon followed by increased inventories) or what a burning success the Chevy Volt has become (mostly burning).
Remember this thread when they say we need another 4 years to stay the course and the government knows where to invest a trillion-plus dollars for your own good to help give you jobs and boost the economy.
Remember this thread when they tell you to focus on what Obama has actually accomplished.
http://www.democraticunderground.com/1002388577
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It's so tiring, reading their shit :panic:
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Total US labor market on March 2009 after passing the porkulus 153,716,000 and total unemployed were 11,616,000.
Total US labor market on January 2012 almost three years after porkulus is passed 152,400,000 and total unemployed were 14,010,000.
That is a total loss of 1,316,000 in total labor market PLUS 2,394,000 more unemployed.
Overall damage from Presidebt 0bama and the demokrat party running of the government and the economy, 3,710,000 more unemployed and fewer jobs and $860 billion added in one fell swoop to the national debt. But I heard that our chocolate ration has been increased.