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Tuesday, December 04, 2012

Still Not Spreading the Wealth Around


Obama has always claimed to want to spread the wealth around. Yet, as I stressed this June (and in my first ever blog post way back in July 2011!) that’s the exact opposite of what he has achieved.
And it’s getting worse, not better.
Wages-as-a-proportion-of-GDP just hit another all-time low:
WASCUR:GDP
And corporate-profits-as-a-proportion-of-GDP just hit another all-time high:
cp:gdp
Obama might throw a lot of rhetoric about fighting for the middle class.

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