Thursday, August 23, 2012
You May Have Seen This
Median household income fell 4.8 percent on an inflation- adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today.Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote. “Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. “We’re in an unprecedented period of economic stagnation.”
A lot of the really nasty, job-killing stuff in the new laws and regulations doesn't take effect until after the election. They planned it that way, figuring that way there would be time for the effects to really take hold before 2016. I'm sure they believe those medium-term effects would be positive, as opposed to the undeniably negative short-term effects.
Too bad executives and small businessment can read, too.
There are a chockwad of nasties impending.
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