After years of slavish devotion to Reaganomic fantasy and the effects of the "W. Tax Cuts," we have a very predictable economy. True, it is an inequitable, unsustainable and shameful sort of reverse Socialism, but it is something we can really count on. Enjoy the 112th Congress. This is what they want to make "permanent."
From the CBPP:
"The average income of the bottom 90 percent of households fell 7 percent from 2007 to 2008, in inflation-adjusted dollars, the largest one-year drop for this group since 1938. The loss in 2008 more than wiped out the increase from 2002 to 2007, leaving the average income for the bottom 90 percent of households at its lowest level since 1996.”
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