Comments on: The Economy Made Simple

By: shortchain

shortchain — Thu, 04 Oct 2012 22:52:00 +0000

It’s pretty much what I feel about the economic situation as well.

I’ll put out some GROG bait by pointing out that it appears to lay much of the blame at the feet of some change that occurred in the early 80’s. I wonder what that change might have been?

By: dcpetterson

dcpetterson — Thu, 04 Oct 2012 22:50:00 +0000

Gee, who would have thought it could help the economy to give workers a raise, rather than continue to increase corporate profits from their current record highs?

I know Grog hates that idea, but I don’t think he’s going to comment on it.

By: Mainer

Mainer — Thu, 04 Oct 2012 22:15:00 +0000

Wow so increasing income inequality isn’t likely to help our economic situation…snarkmeter set to high.

By: oJ

oJ — Thu, 04 Oct 2012 21:50:00 +0000

Monotreme– Mr Blodget did a masterful job of simplifying and story telling. I think the chart about 7/8’s of the way down tells a story within his story.

The chart introduction is: “This has led to an explosion in the pay of CEOs and other senior execs and investors relative to average workers”. It shows how CEO compensation has exploded, padding the pockets of the top 1% and diverting corporate profits away from stockholders.

This shows one more way the 99% are preyed upon as we are forced to put more and more of our retirement into the stock market via 401(k) and IRA plans.

By: Max

Max — Thu, 04 Oct 2012 21:48:00 +0000

Very good. I posted it on my FB page.

By: Monotreme

Monotreme — Thu, 04 Oct 2012 19:05:00 +0000

This is really beautiful. Exactly the way I perceive the situation intuitively, so it’s nice to get a confirmation with facts and figures.