Comments on: Income Disparity And Wealth Consolidation Show Eerie Resemblances To 1928

By: mediator

mediator — Mon, 24 Mar 2008 18:11:59 +0000

Bb asks above why doesn’t Move-On post this chart in the “big papers” so Average Joe can see it, get mad and rebel.

Bb, apparently you didn’t get the Memo: The “big papers” are now all owned by only six giant Republicon or Republicon-sympathetic corporations and they would never publish this graph. Google “media ownership” and see why both sides of any issue can only be found in the blogosphere.

By: Marie

Marie — Tue, 18 Mar 2008 00:52:56 +0000

We,in my household, have been worried about the similarities between the circmstances in this administration with the circumstances both before the market crash and, lately, with the crash itself.
Events are not entirely the same, of course, but there is enough similarity to make a substantive comparison and that should frighten everyone. Not that we can do anything about it.

By: hussein toasterhead

hussein toasterhead — Mon, 17 Mar 2008 22:43:52 +0000

Onuaillain Says:
March 17th, 2008 at 6:31 pm

Interesting how the income levels spiked during the Clinton adiminstration.

Ah yes, the heady days of the technology boom. It simply proved the old adage that a rising tide lifts all yachts.

Funny how the same thing happened to the top 1% in the bust years of the Bush Administration.

By: Onuaillain

Onuaillain — Mon, 17 Mar 2008 22:31:33 +0000

Interesting how the income levels spiked during the Clinton adiminstration.

By: kdawg1012

kdawg1012 — Mon, 17 Mar 2008 21:08:24 +0000

Hopefully, we have some controls in place to avoid another Great Depression. But deep down in side I have my doubts. Let’s hope we never see it.

If it happens it will be George W. Bush and his Republican Congress’ “Great Depression”. Nice legacy,George.

By: paleolib

paleolib — Mon, 17 Mar 2008 20:30:30 +0000

It will be difficult not to replicate the aftermath of the 1920s at this rate. The U.S. economy is dependent upon domestic consumption of durable and nondurable consumer goods. That model cannot continue with a growing income disparity and declining median incomes. The real estate bubble glossed over the trend for a time as consumers pulled cash out of the inflated equity in their homes. Without a new source of buying power however the bottom falls out not only for the consumer but eventually for the greedy ba$tard$ who have benefitted in the short term from this economy.

By: Bb

Bb — Mon, 17 Mar 2008 19:58:53 +0000

So why doesn’t Move-On.org take this graft and print in the big papers; let the people know what is happening and how this administration does not have compassion for the average joe.
Get the Ave. Joe mad enough and he/she will start raising hell, and it will be about time.

By: hussein toasterhead

hussein toasterhead — Mon, 17 Mar 2008 18:48:48 +0000

Just answered my own question – we have a Gini coefficient of 45 as of 2007. A score that puts us on par with countries like Cameroon, Jamaica, Uganda, the Philippines, and Cote d’Ivoire.

Nice!

By: hussein toasterhead

hussein toasterhead — Mon, 17 Mar 2008 18:42:03 +0000

Wow. So what’s our Gini coefficient looking like these days? Must be pretty high, with 90% of the population sharing only 50.3% of the wealth.