Saturday, March 06, 2010

Only half of America is in recession

Care to guess which half? I'll give you a hint: Any questions?

-- Badtux the Snarky Penguin


  1. Another way to look at it is that you folks of the right and left coasts are in a recession. Those of us in the middle are stuck in the Great Bush Depression and probably won't see any job growth or recovery until after Obama finishes his 2nd term.

    Ah! ça ira, ça ira, ça ira
    les aristocrates on les pendra

  2. "Any Questions?"

    Actually, yes. How can 51% of Americans own half the wealth and the 400 richest families own the other half?

  3. Phil, this circle isn't a whole pie, it's just saying that the 400 wealthiest Americans own as much wealth as the entire bottom 51% of Americans. It doesn't say anything about the other 48.9% of Americans.

    - Badtux the "I like Pie" Penguin

  4. Tux -

    where did you get that chart?

    I wish I could remember where I got this, but I read that those 400 increased their wealth on average by $1.5 billion during the Bush years.

    This total is at the same order of magnitude as the Stimulus package (mostly unspent, but that's another story,) or the cost of the Iraq war.

    Austrians think this is just peachy.


  5. Not exactly the same chart, but close enough is on this page:


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