What was this "Recovery"?

It isn't just people in Michigan that notice we've been in a Recession ever since Bu$hie stole $election 2000.



Of course, that 3% upswing is an average of what happened to 95% of America and the 5% of Amerika that's Bu$hie's Ba$e.

Pravda has to acknowledge this time on the merry-go-round has been a little different:

... Income for the median household — the one in the dead middle of the income distribution — will probably be lower in 2010 than it was, amazingly enough, a full decade earlier. That hasn’t happened since the 1930s. Already, median pay today is slightly lower than it was in 2000, and by 2010, could end up more than 5 percent lower than its old peak.

...every recent recession has brought an effective pay cut of somewhere between 3 and 7 percent for the typical family. The drop typically happens over a period of about three years, lasting longer than the recession officially does, as pay fails to keep up with inflation.

The recent turmoil — the freezing up of credit markets, the fall in stock markets, the acceleration of layoffs — has made it unlikely that the coming recession will be a particularly mild one.

“The biggest hit will be in 2009,” Nariman Behravesh, the chief economist of Global Insight, a research and forecasting firm, told me, “and it probably won’t be until 2011 until we see any kind of pay gains.”

What will make this recession different, no matter how deep or shallow it is, is that it’s following an expansion in which most families received little or no raise. The median household made $50,200 last year, slightly less than the $50,600 that the equivalent household earned in 2000, according to the Census Bureau. That’s the first time on record that income failed to set a new record in an economic expansion.

Why has it happened? There is no single cause...

...ah, yes, again the perpetrator-less crime $cam. At least Pravda has the story right.

It's an Act of God your Betters are dumping on you, that the $ystem has eaten your complete retirement nest, and if you try to do anything about it, you are engaging in Class War and the $tate will put your name on the Terrorist watch list.

[tip o'teh tinfoil to Lambert]