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"News accounts are highlighting the fact that the 0.5% increase in personal income in August was the biggest of the year. But the data weren’t evidence of a healthy and sustainable private-sector expansion.
Government transfer payments accounted for 60% of the increase, and the government share of personal income crept further into record territory at just over 30%. That’s up from just above 25% before the recession."
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Re: Government Propped Up Personal Incomes In August
Originally Posted by reflexblue
If things are as bad as you always claim they are (all the time) the Market would have tanked and be hovering around 3000
The "Markets" represent human (investors) behavior. What we're seeing is the result of propaganda from Wall Street and our federal gov't. They constantly lie (which I constantly will point out) about the state of our economy.
If people actually KNEW we're in a DEPRESSION, the market would have tanked. And they should have...it would be better for us all in the long-run.
But the liars will continue to lie and I'll just continue to point it out.