It always amazes me what stays on the Drudge Report and what disappears. Friday I saw a headline about incomes going down during the recovery. I was not in a place where I could write or post so I decided to look it up Saturday morning. It was gone from Drudge. I had to Google it.
The first listing was from a British newspaper, the Daily Mail. The American Major Media pretty much ignored the significance of the data. I did find a column in the New York Times but, as you would expect, it was presented as a class warfare peace rather than an announcement that the economy was in the tank.
The basic detail is that the average income of Americans went down during the “recovery” that we have heard so much about in the Obamapress. According to the New York Times the rich did well. According to the British press the only group that did better were those over 65. This came from the same data base. I know which version I believe.
Now consider this. During the recession we made less money, adjusted for inflation. During the recovery we made even less money, adjusted for inflation. Is it just me, or would it seem that the recovery was only in the eyes of the chattering classes? Anyone smell “media bias?”
If you missed it, follow the link above or Google it yourself. That is if you can still afford internet.
homo unius libri
It's the old "rich get richer and poor get poorer" cliche, and THAT'S "deja vu all over agaain!"
ReplyDeleteOf course you must admit that when the rich get rich they start a business and if the poor get any money they go to Disneyland. At least that is the way it is out here. Actually the rich leave the state.
DeleteGrace and peace.