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Why is This Guy Happy?

He’s happy because the people getting all this money are going to send him some of it for his election campaign, so they can get even more:

Real wages fell in 2011, despite record corporate profits. “There’s never been a postwar era in which unemployment has been this high for this long,” explained labor economist Gary Burtless. “Workers are in a very weak bargaining position.”

Between 2009 and 2011, 88 percent of national income growth went to corporate profits, while just 1 percent went to wages, a stat that is “historically unprecedented.”

So, we, the 99% got 1%, and the 1% got 88% of Obama’s economic boom.

Is there any indication this is going to change anytime soon?

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EdwardTeller

EdwardTeller

Alaska progressive activist, notorious composer and firedoglake devotee.

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