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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.
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4 comments:

  1. Privatize the Profits! Socialize the Costs!8:10 AM

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

    Why, who'd have ever predicted this?

    ReplyDelete
  2. Michael9:36 AM

    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...

    ReplyDelete
  3. Anonymous9:44 AM

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

    ReplyDelete
  4. pansypoo11:46 AM

    the media made it possible. total royalists.

    ReplyDelete