Gap between rich and middle class grows - Dec. 23, 2010: "NEW YORK (CNNMoney.com) -- The gap between the rich and the middle class is larger than it has ever been due to the bursting of the housing bubble.
The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute, a liberal think tank. That's up from the previous record of 190 times greater, which was set in 2004."
Thanks to Barney Frank, William Jefferson Clinton, Barack H. Obama and the Congressional Black Caucus for making the housing more affordable and less responsible, while fighting any deregulation efforts by republicans that caused this bubble. ~~ The Munz
See original work for more on this and other stories.
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.