Wednesday, January 26, 2011

The Actual State of the Union 2011: The Middle Class Has Less Real Estate Wealth and Fewer Assets Than Ever

A few paragraphs into Obama's SOTU is this:
Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again.

This is technically true, although the "growing" is snail-slow. What's of course not mentioned is that the majority of Americans, the "middle class," have a smaller share of "wealth" and "assets" than ever before.

1 comment:

John Doe said...

and a different take on the topic

http://www.theonion.com/articles/gap-between-rich-and-poor-named-8th-wonder-of-the,18914/?source=patrick.net