This story at the New York Times has me ready to kick kittens: The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. Within the group, average income fell to $957,000 in […]
Yesterday’s big sell off wasn’t due to the recent down-grading of the U.S. credit rating. Sure it played a very minor part in it, but if you look at the markets yesterday there is something very interesting the sticks out. Investors still rushed to buy treasury bonds, which drove the 10 year interest rate below […]
There is no doubt that the Tea Party has become hell bent on destroying America. Proof of that can be seen in this video from Wisconsin, where members of the Tea Party Express cheered the downgrade of the United States credit rating: Yes, let’s cheer on something that can cost our nation an additional $100 […]
The Answer – committees that John McCain does not sit on. Chris Dodd, who chairs one of those committees, told Rachael Maddow tonight that Obama has been in constant with him to check on the progress and offer ideas. McCain has not been in touch at all. Just yesterday McCain told reporters he hadn’t looked […]