The numbers keep getting better... American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.
Median household income fell 4.8 percent on an inflation- adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.
“Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. “We’re in an unprecedented period of economic stagnation.”
And then add in today's collapse of manufacturing numbers and it is not a matter of if additional easing will take place, it is only a matter of how much and when.
And yet....even now! Liberal fetch-hounds continue to make excuses for the anti-American president and *cling* to the notion that there is a recovery happening. Hah! It is dead simple....follow the lead of Paulson and even the ex-Nazi, George Soros....double up, triple up on gold and do not forget to take your change in silver.