Green Energy
The Obama recovery.. in which the private sector is doing fine, and any private success belongs to ‘the people’ - who built the roads
The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that specializes in demographic and income data.
Americans nearing retirement age have suffered disproportionately after the financial crisis: along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply.
The decline looks even worse when comparing today’s incomes to those when the recession began in December 2007. Then, the median household income was $54,916, meaning that incomes have fallen 7.2 percent since the economy last peaked.
READ IT HERE
Excuse me, but WHY IS ANY POLL CLOSE?
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Why Isn't Obama Trailing By 20? Us Median Income Lowest Since 1995
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No Depression
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The Great Depression And Today's Ailing Economy
In the January 2012 edition of Vanity Fair, Joseph E. Stiglitz writes the following: ...For the past several years, Bruce Greenwald and I have been engaged in research on an alternative theory of the Depression—and an alternative analysis of what is...
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