Not that anyone who’s been paying any attention at all could have any doubts, but there’s more confirmation this morning of the disastrous impact that the casino capitalism policies of the Bush era had on the American economy.
According to the Center on Budget and Policy Priorities:
Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928, according to an analysis of newly released IRS data by economists Thomas Piketty and Emmanuel Saez.”
In short, the right-wing/corporatist effort to transform the U.S. into a banana republic on steroids continues to be extremely successful.
Read the entire report here.