Friday, October 28, 2011

Priorities, part 2

Hey, last thirty years...that's "mourning" in America time!
A new study from the Congressional Budget Office shows that the income of America’s richest 1 percent grew 275 percent between 1979 and 2007, compared with a 65-percent gain for the top 20 percent and an 18-percent gain for the bottom 20 percent. The average increase for all households came in at 62 percent.

4 comments:

Privatize the Profits! Socialize the Costs! said...

The mysterious tide of laissez-faire capitalism--- it lifts the yachts while swamping the rowboats!

Why, who'd have ever predicted this?

Michael said...

Ah, the wonders of trickle down.

Christ. And then there's more recent evidence: George W. Bush, with the same policies, created a disaster, while Bill Clinton, admittedly a conservaDem, but at least a competent administrator, presided over a period of sustained growth and fiscal responsibility.

But the Venn diagram of logic and wingnuts has no intersection...

Anonymous said...

The last 30-years. So basically Reagan, "Bush the Smarter", and "C+ Augustus". With Democrats left trying to clean up the mess.

pansypoo said...

the media made it possible. total royalists.