It's a good thing that aside from the occasional report about unemployment and the monthly jobs report ALL economic reporting is based on one thing, and
one thing only.
Stocks broke new ground today with the Dow moving past the 16,000-point threshold during intraday trading, before pulling back to finish at 15,975.
Because the economy is so awesomely
healthy!
There were nearly 700,000 fewer middle-income households since the began than during the economic crisis, according to new Census Bureau data. The economy has grown more top- and bottom-heavy in 2010 through 2012 as compared to 2007-2009, the data show.
Most of the erosion came at the bottom end of the middle-income range. At the same time, the ranks of both upper- and lower-income people swelled by hundreds of thousands
But speaking about such things is simply impolite...no matter which country you are in. The real victims are, as always, the poor oppressed rich.
The Mayor of London Boris Johnson has told people to stop “bashing” the super-rich, comparing them to hard-pressed minorities like the homeless, Irish travellers or ex-gang members.
The guy with the discount Trump toupee (who isn't actually Trump) is clearly a serious person!
[cross-posted at
Firedoglake]
Rising Hegemon
4 comments:
according to todays wall street journal the middle class haven't disappeared completely.they moved to mexico...stroole130c "In the Middle of Mexico, a Middle Class Is Rising"
Other analyses report that reports of an expanding Mexican middle class are an illusion. Yet another example of the true allegiance of our 'liberal' media.
no more minority status for the rich. what a fucking idiot. no. NO MORE STATUS!
boris is a royalist big time.
Of course Boris loves the rich--they can afford to pay his congestion fees.
But, please... they're like the homeless? That's a [London] bridge too far.
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