Disposable Income? What disposable income?

 

Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959.

 

Daniel Greenfield:

Just keep saying to yourself over and over again, “It’s a recovery, it’s a recovery, it’s a recovery.” Then click your heels 3 times and you’ll still be in the Land of Hope and Change, where there’s no hope for change until 2016.

 

In June 2010 ~ David Axelrod was quoted at Politico:

"This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards..."

Two years later, The Axe denied ever touting a "recovery summer" -- and shortly thereafter, his guy was re-elected.

 

If ever we needed ruby red slippers, it is now.

If no one minds, though, I rather prefer the original ~- "There's no place like home, there's no place like home, there's no place like home..."

 

FORECLOSURE SALES AND SHORT SALES

ACCOUNT FOR 43% OF U.S. RESIDENTIAL SALES

 

Comments

[Brian - Martin & Co Canterbury]

That's shocking! And the Government are just going to do what they always do with the money - say that they are going to distribute it to the 'right' places and then do the total opposite and then demand more money...