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The Greatest Depression
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[QUOTE]Originally posted by T e x: [QB] [b]Plutonomy[/b] Geez, even Greenspan gets it: [QUOTE]"Our problem," Greenspan said, "is that we have a very distorted economy in the sense that there has been a significant recovery in a limited area of the economy amongst high-income individuals who have just had $800 billion added to their 401(k)s and are spending it. Large banks and large corporations, as everyone's pointing out, are in excellent shape." "The rest of the economy, small business, small banks, and a very significant amount of the labor force, which is in tragic long-term unemployment, that is pulling the economy apart," noted Greenspan. "The average of those two is what we are looking at, but they are fundamentally two separate types of economy."[/QUOTE] http://www.dailyfinance.com/story/growth-leave-95-americans-behind/19591079/ [/QB][/QUOTE]
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