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View Full Version : From Great Recession to recovery



Qtec
03-19-2012, 12:55 AM
http://thinkprogress.org/wp-content/uploads/2012/03/1934recoverychart.png

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">In 2010, as the nation slowly ground its way from Great Recession to recovery, 93 percent of national income gains went to the richest 1 percent of Americans. As Reutersís David Cay Johnston pointed out today, this makes the 2010 recovery quite different from the recovery that followed the Great Depression, as then, income gains were widely shared by the population, not concentrated at the very top:

<u>The 1934 economic rebound was widely shared, with strong income gains for the vast majority, the bottom 90 percent.

In 2010, we saw the opposite as the vast majority lost ground.</u>

National income gained overall in 2010, but all of the gains were among the top 10 percent. Even within those 15.6 million households, the gains were extraordinarily concentrated among the super-rich, the top one percent of the top one percent.

Just 15,600 super-rich households pocketed an astonishing 37 percent of the entire national gain.

During the recovery, corporate profits have also roared back, already hitting their pre-recession heights. Wages, however, have not done the same. </div></div>

Give the poor FKRs another tax break. THAT will get the economy moving again.

Q

cushioncrawler
03-19-2012, 04:10 AM
This 1934 stuff iz bullshit.
The depression ended after WW2, say 1946. Some would say that it ended at the start of WW2, say 1940. Whatever.

And the 1933 inkum stuff iz bullshit.
How kan u put a meaningfull figure on ave inkums in a depression.
And inkums are only half of the equation -- what about prices.

And one karnt just kompare one year with the next. One hazta kompare the before with the after, 1929 with 1946.
Meaningless krapp -- by krappynomicysts.
mac.

llotter
03-19-2012, 01:38 PM
The 'recovery' is really a last gasp before final collapse. This is like a Hollywood movie, spending trillions to fake reality and fool a lot of people into believing it but this 'show' concludes with a big 'The End' sometime soon.

cushioncrawler
03-19-2012, 04:43 PM
The usofa iz a fake hollywood moovie.
When peeple exit a picture theatre they enter the biggest fillem-set on earth -- and the fillem iz The 10 fake Commandments.
Look at thems fake gods, thems fake priests.
A fake kuntry, full of fakes.
And today it haz fakenomix problems that need fakenomix solutions.
mac.
americadafakeizgoindownin17.

Soflasnapper
03-19-2012, 05:30 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">The 'recovery' is really a last gasp before final collapse. This is like a Hollywood movie, spending trillions to fake reality and fool a lot of people into believing it but this 'show' concludes with a big 'The End' sometime soon. </div></div>

That may actually be true, I'll admit.