all weekend.

Last edited Mon Apr 9, 2012, 04:54 PM - Edit history (1)

At these levels the "recovery", i.e; the positive growth rate of GDP, will fail before the November elections. In any case the real driver of any recovery, the increase in disposable income, for the vast majority of Americans has yet to materialize.

All the increase in income and wealth is accruing to the 1%, who are siphoning off this wealth, hoarding it and shipping it offshore. The economy is a pyramid with the 1% at the pinnacle. However they are destroying the base of the pyramid, the workers. Eventually we will reach (have reached?) a tipping point where the top 1% will no longer have a base to stand upon, and the entire economy will crash and have to be rebuilt from scratch.

At this point the economy is simply a snake eating its tail.

The 1% would rather do ANYTHING than let the working poor receive a 5 cents-an-hour raise.

I don't know how this Reagonomics, Supply-Side, offshore jobs, pure-greed, pump and dump, hedge fund mentality has become so ingrained?

Workers have not had a raise since 1970.. 42 years of failure. And yet no one in the MSM gets it?

This even includes the money going to the very top of the income pyramid (which has increased):


Yeah, we're not going to have a hot economy with that, and personally I think we fell back into recession this year.

that makes you think 'going nowhere'?

Approximately, that is. The 2011 level was actually a bit lower than the 2010 level.

In 2012 it's dropping a bit. Whether that is statistically significant and a longer term trend we'll have to see.

We troughed shortly after the end of the recession, then we rose for a while, and then we hit the Gate of Doom. For over a year and a half, the basic trend is flat to down.

Then I see the economists talking about how wages are too high, and I don't know how even to respond. For a huge number of American workers, wages are sitting at subsistence level.
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If we actually end up this year with real disposable per capita incomes at 2006 levels, can we expect the economy to grow much?

I agree that the recession has begun. Now, foreclosures are going to snowball since the Feds have settled with the big banks and that will push the whole economy right deep in the crapper.