taichiliberal
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- Aug 11, 2010
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Something for all the voters in 2012 to consider:
The final nail in the supply side coffin
Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker
In the first quarter of 2011, aggregate U.S. GDP -- the total value of all the goods and services produced in the United States -- was higher than the peak reached before the recession began in 2007. During the six quarters since the recession technically ended in the second quarter of 2009, real national income in the U.S. increased by $528 billion. But the vast majority of that income was captured as profit by corporations that failed to pass on their happy fortunes to their workers.
The final nail in the supply side coffin - How the World Works - Salon.com
The final nail in the supply side coffin
Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker
In the first quarter of 2011, aggregate U.S. GDP -- the total value of all the goods and services produced in the United States -- was higher than the peak reached before the recession began in 2007. During the six quarters since the recession technically ended in the second quarter of 2009, real national income in the U.S. increased by $528 billion. But the vast majority of that income was captured as profit by corporations that failed to pass on their happy fortunes to their workers.
The final nail in the supply side coffin - How the World Works - Salon.com
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