Poverty is on the rise. We know this. More wealth has been captured by the elite. More jobs have left for good. The old American lifestyle ways are decaying.
ABC News: America's 10 Poorest Cities
In 2008, U.S. median income fell to $50,303 from $52,163 in 2007.
...Pine Bluff, Ark.; Albany and Macon, Ga.; and Rocky Mount, N.C.
...McAllen and Brownsville, Texas...
...El Centro, Calif., and Yuma, Ariz...
...Saginaw, Mich., and Flint, Mich....
2 comments:
The banker JP Morgan thought the great depression was a good thing. Nothing like a good depression to make a rich banker even richer and happier. I'm sure JP is smiling somewhere @ the way his bank has done in this great recession.
Its true, JP Morgan has done exceptionally well.
I didn't know that about JP Morgan but it fits with the sense of entitlement among the super elite. Power corrupts.
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