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Government Propped Up Personal Incomes In August

Discussion in 'Political Discussion' started by PatriotsReign, Oct 4, 2010.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Government Propped Up Personal Incomes In August

    "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."


    Government Propped Up Personal Incomes In August
     
  2. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    If things are as bad as you always claim they are (all the time) the Market would have tanked and be hovering around 3000
     
  3. apple strudel

    apple strudel Banned

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    OP has discovered the point of stimulus, as well as its intentionally temporary nature.
     
  4. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    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.

    You should b thanking me Flex!
     
  5. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    so you're admitting MA revenues are a temporary illusion! Now you're learning...
     
  6. khayos

    khayos In the Starting Line-Up

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    LOL unintentional doublespeak I'm sure!
     
  7. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    my mind goes too fast for my fingers!:p
     
  8. apple strudel

    apple strudel Banned

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    Funny, that's not what my post said. Maybe you thought I was speaking Farsi or something? :confused:
     
  9. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Just what I thought, you're admitting it...
     

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