Sometimes a single picture does a better job of illuminating the situation than 1000 words.

Summary of GDP 2009:2011

by Mary

Sometimes a single picture does a better job of illuminating the situation than 1000 words. There has been some growth in GDP from 2009-2011. Who benefited?



http://www.theleftcoaster.com/archives/020019.php
http://jaredbernsteinblog.com/balance/

That is cherrypicking data. Starting in Q2 of 2009 was right after the DJIA dropped to its lowest point, so of course it is going to rebound.

Here is the full report.
http://www.clms.neu.edu/publication/documents/Revised_Corporate_Report_May_27th.pdf
"The base quarter for the index is 2009 II, and the index thus has a value of 100.0 for that quarter."

If the author had started at the same point in 2008, we wouldnt see a 39.1% increase in the DJIA, we in fact would see a small decrease.

This happens a lot in climate change studies. They cherry-pick data to make their results seem much worse. I wish people would just say things straight, they are bad enough as it is. People lose trust when they find out that things are manipulated to say one thing or another.

well, I was going to say "circle", but then thought "cluster fuck" instead, but, then, that ISN'T your point is it.

Whatever the broad perspective says, it still feels like a cluster-fuck to this old, multiple degreed, very skilled, Boomer, with an unusually high work ethic & responsibility. Sorry about the cover-letter verbiage, but I'm trying to get the point across: I have done everything they said to do, everything any employer could want. I HAVE added value wherever I went, value they very likely would NOT have otherwise acquired, didn't cut corners, didn't abuse the time-clock, helpful, polite & winning toward clients at all times and in all situations . . . I did it all the way it was supposed to be done, but it REALLY is true that no one wants any of that anymore. Three jobs in 10 years and talking to TEMPING agency body brokers about work that pays $5.00 @ hr less than my last job (in which the CEO's paid expenses, with a 6 figure a year salary, were probably about a 1/3 of my yearly wages), which was less than the job before it, and that was less than the one before it . . . kinda just adds up to cluster-fuck, no matter what the broader perspective says.

On edit: Oh, and it doesn't look as though it's going to get any better any time soon, so if the revolution comes to my town, I'm joining up.

Need same chart for 2000 to 2008.

The age of Bushobama. It's not a Democrat problem. It's a lack of real Democrats problem.

The Dow Jones & S&P 500 went down under Bush. The last close under Clinton for the DJIA was 10,587.59 (Friday, January 19, 2001) The last close under Bush was 8,281.22 (Friday, January 16, 2009. The market was close on Monday the 19th and Obama took office on January 20, 2001)

corporate profits would have been similar.

private sector employment under Bush was essentially flat (and down related to the growth of population), but government/public sector employment did increase (creation of Homeland Security being a large contributor there) Wage growth was also flat.

The Bush chart would be one tall bar on the far left (instead of three) and seven flat bars, instead of five.

it is a dem problem. the gop is all vested in the markets and doing fine..

:-)
Agree 100% about 2000-2008 and shifting the blame. High in 2000, then falls the next year, and keeps on falling.

apparently were gardening jobs on the estates of wallstreet bankers.

I guess we should have asked for a clarification on what that meant.

They were/are for removing the bullshit from the beltway.

The sale prices of used stock shares are doing quite well, I see.

Please don't tell me that they are a bunch of lying, soulless, miserable mother-fuckers!

If the stocks don't do well everyone will eat catfood!

That is painful to look at.

Many companies were making very little money. It's not that hard to make 40% more than very little.

Average weekly earning are up - a tiny bit, but still up. Since hourly wages are down (thank goodness!), weekly wages are only up because people are being pushed to work more hours.

In any case, there's clearly room to improve the situation but cutting weekly wages as well.

Sincerely yours,

Wall Street

n/t

I don't know what will.

:kick:

This should be on every News Channel.

That would be the half that is so stupid they vote for republicans.

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

the richest 400 families hold 1.4 Trillion Dollars, and pay ~UNDER 17% income tax.. the richest 1% hold 43% of americas financial wealth, pay ~under 23% income tax- they hold 7 times the poorest 80%, richest 5% hold 73%-- 10 times the poorest 80%, richest 20% hold 93% of Financial Wealth... the poorest 80% hold only 7% of Financial Wealth.. that is why there is a recession...

http://www.businessweek.com/magazine/content/11_16/b4224045265660.htm

if this were common knowledge the GOP would be exposed as the lie'n Fascists they always have been.

"Here’s a chart showing private-sector job creation in the latter half of 2010, when stimulus money was still being spent, and when Democrats enjoyed the congressional majority.


And here’s a chart showing private-sector job creation so far in 2011, after stimulus spending largely ended, Republicans took control of the U.S. House and most of the nation’s gubernatorial offices, and the national discourse pivoted from jobs to the deficit and debt.


Source: http://3chicspolitico.com/2011/07/08/gop-governorselected-officials-are-responsible-for-state-joblessness-unemployment-sabotaging-americas-economy-for-political-gain/

You should email the picture to teabagger central.

These in the form of pie charts.

Go to:

http://www.extremeinequality.org/

Click on "Data & Statistics" and select "Wealth Inequality". Gaze at the distribution of wealth and stock ownership and throw up. Also, look at the amount of money that belongs to the wealthiest 400 families.

Or, go to:

http://sociology.ucsc.edu/whorulesamerica/

Click on "Wealth, income, and power" and page down to the pie charts.