[phil_will1]

"'Worst economy' etc. was intentional fiction, written by Democrats to get votes. The people who wrote the phrase were sitting in a $800,000 house when they wrote it."

I spoke with a friend this morning. His wife works for a bankruptcy firm. He said that, prior to 2001, that firm almost never had as many as 150 filings in one month. Since then, they have had one record month after another. They are now up to somewhere in the 800 range per month and next month will probably be another record.

I met with a Democratic congressman recently, but he isn't really a far leftist. He said that back in the 60s the pay multiple of CEOs vs average workers was something like 40 or 50. That multiple is now up around 1500, if memory serves. The gap between the haves and the have nots is growing exponentially. This does not bode well for our society. Republicans who are in denial (like the current administration) may be in for a rude awakening. I saw a poll just yesterday that said that that the economy and jobs was the #1 issue on voters minds.

This is reality, not fiction. This administration's response seems to be "but look at the Dow!" This reminds me very much of 1992.

[Taliesan]

There is no gap between the haves and the have nots. There is a spectrum of incomes. It ranges from 0 to 100 zillion or so. It used to range from 0 to 50 zillion or so.

CEO's make more money now because boards of directors value them more. Some of these valuations are accurate, some are not.

Yawn.