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Effluvium

A pair of headlines that explain it all

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First, A long, steep drop for Americans’ standard of living from the Christian Science Monitor.

Second, Wall Street’s resurgent prosperity frustrates its claims, and Obama’s from the Washington Post.

In brief since the onset of the Great Recession (or whatever you want to call it), the average American now has $1315 less in annual disposable income.  While Wall Street collectively lost $24.8 billion in 2008, 2009 saw earnings of $49.5 billion with about $8 billion this year.

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Written by waltm

November 8, 2011 at 12:49 pm

Posted in politics

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