The Unequal States of America

Do not take this to mean that I am for redistribution of wealth, but news of the inequalities made possible by the Bush years in terms of wealth and income in the United States are a sobering reminder of the kind of taxation and regulation under Republicans that led to a deeper and darker chasm between economic classes in the U.S., and also to the recession we are still fighting.

The New York Times reports that the rich are finally beginning to feel the consequences of a recession. Not surprisingly, the lower-income brackets are usually the first to suffer, for lack of a cushioning mattress of money, if you will.

The Nation analyzes the numbers a little and informs us that during the expansion of the Bush years was only an expansion for the very, very wealthy, whereas the rest of us not only lingered, but lagged behind and actually lost money.