Our Current Economic Mess, Explained With Headlines

[xchrom]

http://www.commondreams.org/view/2013/03/05-4



I was doing research, gathering headlines for a post. But the headlines told a story of their own. So here they are:


2010

November 2010, Corporate Profits Hit New Record, U.S. Workers Still Struggling

2011

January 2011, Profits Are Booming. Why Aren’t Jobs?

May 2011, Corporate Profits At All-Time High As Recovery Stumbles

June 2011, Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages

July 2011, Corporate profits’ share of pie most in 60 years

July 2011, A Boom in Corporate Profits, a Bust in Jobs, Wages

August 2011, Companies near record profits amid high unemployment

October 2011, While Corporate Profits Are At 60-Year High, Main Street Businesses Continue To Struggle

November 2011, GDP revised downward; corporate profits up

2012

February 2012, Corporate Margins And Profits Are Increasing, But Workers’ Wages Aren’t

May 2012, Corporate Profits Return To Prerecession Levels, But Job Growth And Investment Remain Weak

June 2012, Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

July 2012, The Economy Stinks, but at Least Corporate Profits Are at 60-Year Highs!

December 2012, Corporate profits hit all-time high as wages drop to record low

[NYC_SKP]

1. K/R (nt)

[Still Sensible]

2. K & R n/t

[chervilant]

3. The irony is that,

with a completely corrupt media, those articles were likely slanted to encourage sheeple to believe the economy is recovering.

[mojowork_n]

4. For people who love bullet point summaries, how much better can you get?

Thanks for including the link to the graphic, too. Adds a lot.

[L0oniX]

5. It's so nice to see how well our enemies are doing. n/t

[WillyT]

6. K & R !!!

[Martin Eden]

7. "Profits Are Booming. Why Aren’t Jobs?"

Uh, because trickle-down economics doesn't trickle-down and never will?

The Powers That Be are doing just fine, and therefore see no reason to change the rules of the game.
(BTW, they set the rules)

[raouldukelives]

8. The age of the 401k.

Millions of people silently voting with their money to crush unions, crush environmental laws, crush safety nets and fund the politicians willing to do anything for a buck.
It will only end when the ones who have truly had enough decide to stop helping Nasdaq and start helping at home.

[progressoid]

9. Humongous Rec.

[spanone]

10. criminal. absolutely criminal.

[Fire Walk With Me]

11. (American, Canada, and the UK) "apparently tolerate income inequality." Page 8:

"The Plutonomy Symposium: Rising Tides Lifting Yachts":

https://www.box.com/shared/9if6v2hr9h

Scattered analysis:

http://occupyobservations.blogspot.com/2013/02/the-leaked-2006-citigroup-plutonomy-memo.html

[Skittles]

12. yup

it is what happens when corporations are allowed to treat workers like garbage - it is a conservative wet dream

[Wilms]

13. ^