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Tue Dec 31, 2013, 09:47 AM

 

Sheila Bairís Graph Of The Year: For Many Americans, Thereís Been No Recovery At All - WaPO

Sheila Bairís graph of the year: For many Americans, thereís been no recovery at all
By Wonkblog/WaPo
December 30 at 11:03 am



<snip>

This chart, drawn from a report by the Sentier Research Group, shows that for a large number of American households, there has been no economic recovery. Caught in a vice of chronic unemployment and falling wages, real median household income (excluding capital gains and losses but including cash government benefits) has declined 4.4% since the ďrecoveryĒ began in 2009. For many households, the drop has been more severe. For African-American households, it is 10.9%. For those under 25 years old, it is 9.6%. For single females with children, it is 7.5%. Indeed, the only households to experience an increase in real income are those 65 to 74 years old.

So as the investor class celebrates the stock marketís bubbly 25% gain in 2013 courtesy of quantitative easing, letís not forget the plight of those Americans who work for a living. And in 2014, letís face up to the ineffectiveness of monetary policy to help them and the desperate need for fiscal leadership to generate real, sustainable growth.

<snip>

Link: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/30/sheila-bairs-graph-of-the-year-for-many-americans-theres-been-no-recovery-at-all/


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Reply Sheila Bairís Graph Of The Year: For Many Americans, Thereís Been No Recovery At All - WaPO (Original post)
WillyT Dec 2013 OP
jwirr Dec 2013 #1
Laelth Dec 2013 #2
Hotler Dec 2013 #3
Demeter Dec 2013 #4
woo me with science Dec 2013 #5
raouldukelives Dec 2013 #7
DallasNE Dec 2013 #6
daleanime Dec 2013 #8
madisongrace Jan 2014 #9

Response to WillyT (Original post)

Tue Dec 31, 2013, 10:00 AM

1. That includes of course the ones who got their food stamps cut, their energy assistance cut etc. If

anything it got worse for us.

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Response to WillyT (Original post)

Tue Dec 31, 2013, 10:17 AM

2. There has certainly been no recovery for me and my family. n/t

-Laelth

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Response to WillyT (Original post)

Tue Dec 31, 2013, 10:36 AM

3. I have no hope. I see no future. n/t

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Response to Hotler (Reply #3)

Tue Dec 31, 2013, 11:14 AM

4. You just say that to make us feel better

 

Wishing you a happier new year, Hotler!

I got a feeling it will. What cannot continue, will not continue...

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Response to WillyT (Original post)

Tue Dec 31, 2013, 11:39 AM

5. It is by design and by deliberate, bipartisan legislation.

Corporate authoritarian state: These things do not happen by accident.

bvar22: "These things do not happen by accident."
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=3199941

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Response to woo me with science (Reply #5)

Tue Dec 31, 2013, 11:59 AM

7. They take a lot of work, money and cooperation.

Every dollar in the markets is a vote for more of the same and many Americans secretly love to vote against the poor, the dispossessed, the environment & wildlife. How nice for them they can do it from the comfort of a climate controlled high rise while those of us on the fringes are left to watch it all burn for their short term gain.

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Response to WillyT (Original post)

Tue Dec 31, 2013, 11:43 AM

6. "Ineffectiveness Of Monetary Policy"?????

Yes, the Fed has gotten a little exotic with policy but it has had the intended effect so I see little to criticize regarding monetary policy. But I do agree about "the desperate need for fiscal leadership" and that covers the gamut, from taxes to trade and everything in between but when everything just dies in the House the prospects are dim to nonexistent. Even if the Democrats win back control of the House in 2014 the prospects are still pretty dim because the Democrats will not have the super majority in the Senate to end the epidemic of filibusters in the Senate.

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Response to WillyT (Original post)

Tue Dec 31, 2013, 12:39 PM

8. K&R....

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Response to WillyT (Original post)

Wed Jan 1, 2014, 12:26 AM

9. Sheila Bair is one of the insiders that seems to have EMPATHY!

... or guilt...

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