The Chris Moeller Archives

Clarity about what's in the Business section you never read

The news media obsesses over the economy—and on a micro scale, typically, not a macro. How did a particular stock fare today? How did it do for the fiscal quarter? That kind of thing.

Now, here are a couple of simply ridiculous economic statistics on a “macro” scale:

1) Incomes for the bottom 90 percent of Americans grew by an average of only $59 over the 45-year period of 1966 to 2011.
2) Incomes for the top 10 percent of earners rose by an average of $116,071.

Obama is a socialist. The end.

posted by CM @ 6:46 PM