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Conundrum and Quotation of the Day 2 + 2 Does Not = 4

September 14, 2016

 

Conundrum and Quotation of the Day 2 + 2 Does Not = 4

U.S. Household Income Grew 5.2 Percent in 2015, Breaking Pattern of Stagnation

By BINYAMIN APPELBAUM

The median household’s income last year was $56,500, a significant increase from the previous year, the Census Bureau said.

I don’t see it.  I can’t figure it. I cannot fathom how this is remotely true for the 1,000’s and 1,000’s of people who I feel and know are struggling in abject poverty who have lost hope and who have formed a crusty slice of the American Pie.

 

QUOTATION OF THE DAY

“We lifted three and a half million people out of poverty, the largest one-year drop in poverty since 1968. The uninsured rate is the lowest since they began keeping records. The pay gap between men and women shrank to the lowest level on record. Thanks, Obama.”

PRESIDENT OBAMA

 

Is this the 3.5 million people who are lifted up by their bootstraps, who are the new entrepreneurs who hang tenuously to the American dream?  I see instead people who are playing a game of craps with snake eyes close to their roll of the die.  I see an America that pays teachers a 1/4 of their worth where their net earnings have dropped precipitously over the course of the last fifty years.

 

I see economically challenged families where the rate of poverty of children has increased steadily and that means that more and more people of the next generation have little grist for doing more than surviving.

Business
The scene in New York's SoHo neighborhood in April 2016. While affluent pockets like Manhattan have been doing well for a while, the fruits of the economic recovery have recently been more broadly shared.

THE UPSHOT

The Economic Expansion Is Helping the Middle Class, Finally

By NEIL IRWIN

However you measure it (and there are lots of ways), the news on wages is good, though it could still be better.

. U.S. Household Income Grew 5.2% in 2015, Breaking Pattern of Stagnation

The healthcare system is a mess.  There are more insured but coverage and access are worse than ever.  And despite this we have to thank the materialistic and money grubbing nation for the great increase of wealth that has not been equaled since the Great Society?  Really?

 

 

 

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