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posted to rec.boats
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First recorded activity by BoatBanter: Nov 2009
Posts: 253
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economist blames wall street for collapse
"bpuharic" wrote in message
...
On Sun, 09 May 2010 15:33:00 -0400, wrote:
On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote:
a LOGICAL person would assume that some common cause was responsible.
after all, if 100M people were affected by a tsunami, would you blame
the dead?
if you're right wing, you would
If the 100m people went to the beach that day to see the tsunami I
would blame them.
gee. 100M people at the beach
well, i suppose if you're right wing, you HAVE to invent SOME idiotic
excuse....
If these people did not have any personal savings and they spent
significantly more than they made, I blame them too.
and if the middle class hasnt had a real wage increase in 10 years,
you have to invent SOME idiotic reason it's their fault...
BTW where do you get that 100m number you keep throwing around as
fact? If I believe the definition of middle class that was established
here ($100k to $200k) the total number of households is more like 13
million.
there are about 110M wage earners in this country. the middle class
generally is the middle 20-80%
http://en.wikipedia.org/wiki/File:Income-curve-$10k.png
Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.
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