Saturday, June 7, 2014

Two Observations on the Economy

Or if you prefer: the economic recovery. Neither of these, I'm willing to bet, will thrill you all that much. 
  • Simpleton Math: In the last two years house prices have gone up 20%. Wages have not. After the 2008 housing collapse, more than 7.5 million homeowners lost their houses and even today, about 9 million are still underwater.
  • Datapoint: the US Census Bureau says that in 2012 (latest data available) 20% of all American kids were living in poverty.
That goes along with the 20 percent who are on Medicaid. When did the American people lose the bubble on these things. The rest of us are getting royally screwed while the already filthy rich continue to suck us dry and complain about government over-spending (on stuff that actually helps people).
Post a Comment