Home > Original Thought > The Result of Republican Party Rule = The Great Recession

The Result of Republican Party Rule = The Great Recession

I guess the rich must have sold a bunch of stock. And they are still enjoying their Bush Tax Cuts, which mainly benefit the superwealthy.

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“The top-earning 20 percent of Americans — those making more than $100,000 each year — received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent made by the bottom 20 percent of earners, those who fell below the poverty line, according to the new figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.At the top, the wealthiest 5 percent of Americans, who earn more than $180,000, added slightly to their annual incomes last year, the data show. Families at the $50,000 median level slipped lower.”

source: United States Census

http://www.census.gov

http://finance.yahoo.com/news/Recession-rips-at-US-apf-1814834256.html?x=0&sec=topStories&pos=1&asset&ccode

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