CHARTS OF THE DAY: Where’d All The Income Growth Go? To The 1 percent!

[Swede]

At the request of the Senate Finance Committee, the Congressional Budget Office has produced a report analyzing trends in the distribution of household income from 1979 until 2007 — just before the economy fell off a cliff.

The results will be familiar to economists and policy wonks, but they’re eye-popping. These charts and graphs tell a story of a massive income growth in the Reagan and post-Reagan years, and particularly during the George W. Bush administration — but only for the famous 1 percenters.


http://tpmdc.talkingpointsmemo.com/2011/10/charts-of-the-day-whered-all-the-income-growth-go-to-the-1-percent.php

[valerief]

1. Like the Senate didn't know it already. Sheesh. nt