You Are Worse Off Than You Were Four Years Ago
Posted in Main Blog (All Posts) on August 25th, 2012 11:08 pm by HL
You Are Worse Off Than You Were Four Years Ago
Timothy Noah, TNR
In March, the Berkeley economist Emmanuel Saez shocked a lot of people by calculating that during the first year of the recovery from the 2007-2009 recession, incomes for the top one percent grew by 11.6 percent while incomes for the bottom 99 percent grew a mere 0.2 percent. (All figures here are in “real dollars,” i.e., they discount for inflation.) Granted, the one percent had taken it on the chin during the recession; from 2007 to 2009, incomes had fallen twice as fast for the one percent (36.3 percent) as for the average family (17.4 percent). The rich always lose big…
Will We Ever Get Serious About Gun Control?
Amy Sullivan, TNR
Earlier this morning, a man with a gun opened fire outside the Empire State Building in busy downtown Manhattan. Last night, 19 people were shot across the city of Chicago in seven different incidents. Thirteen of those victims were shot within one 30-minute period. A man walked into the Washington, DC building that houses the Family Research Council last week and shot a security guard. At the beginning of this month, a white supremacist shot and killed six people at a Sikh temple in Wisconsin, wounding four others. And we are barely one month removed from the horrific mass shooting…
Romney, Ryan & the Spirit of 1776
Matthew Continetti, Weekly Standard
‘America is more than just a place,” Paul Ryan told the Norfolk, Virginia, crowd during his first speech as Mitt Romney’s running mate. “It’s an idea. It’s the only country founded on an idea. Our rights come from nature and God, not government.” The audience roared at this mention of natural rights. Ryan uses similar language in almost every stump speech. He wins applause every time.Mitt Romney’s selection of Ryan was significant for many reasons, but here is one that hasn’t been much commented on: It…
