Friday, October 12, 2007

Economic State

The economic state of America can be fairly summarized with this statement:

The “richest Americans’ share of national income has hit a postwar record,” with the “wealthiest 1% of Americans earn[ing] 21.2% of all income in 2005, according to new data from the Internal Revenue Service. … The bottom 50% earned 12.8% of all income, down from 13.4% in 2004.”
And this data is 2 1/2 years old. It certainly hasn't gotten any better.

Heckuva job Bush.

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