December 8, 2011

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Plummeting income shaves household cash. “The housing market collapse, historically low interest rates and corporations stingy with dividends helped cut the median household income in two of every three U.S. counties, the U.S. Census Bureau reported today.” On the other hand, the Washington, DC area is doing just fine. . . .

And once again, I’ll note that if we had a Republican president we’d be seeing endless tear-jerk accounts of senior citizens’ suffering because of low interest rates and shrinking dividends.

UPDATE: A reader emails: “It’s amazing that the press can’t rediscover homeless people during the second Great Depression. I guess they’re just stacking up those stories until President Bachmann gets sworn in.” Well, once their howls of fear and anguish stop, anyway. . . .

ANOTHER UPDATE: Reader Gregory Smith writes: “Not to mention 2 years of 0% Social Security non-increases. Which is also not to mention 2 years of 0% non-increases in Veterans disability pensions. Not a peep from the press, AARP, et al.”

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