Tuesday, June 22, 2004

Numbers, Part 2
Kevin Drum of Washington Monthly has a very intersting bar chart showing how the recent "economic recovery" under Bush 43 has been directed, versus previous economic recoveries. It's quite a stark reminder that the Right is truly in bed with the corporations. (I'm not saying that the Left isn't, but it's certainly not their primary focus.) And as the Economic Policy Institute (where the chart comes from) points out:

These are ominous signs, suggesting a new march toward greater inequality in the American economy. Worse, the growth in profits combined with a drop in wage and salary incomes suggest that the recovery has a narrow base, with most American consumers only able to increase their purchasing power through debt. Wage growth is not just fair, it is also necessary for a more sustainable recovery.

That's a no-brainer in my book.


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