Earnings of the Poor Are Stuck on Nuthin’

Here’s a different way of looking at the American economy, courtesy of David Leonhardt:

This is similar to my chart from Wednesday except that Leonhardt shows incomes of the poor going up slightly while I show them going down slightly. Either way, the natural question is: where did all the money go? The answer, of course, is that it mostly went to the men and women who nearly destroyed the world ten years ago until Barack Obama bailed them out. Now they’re busily working with Donald Trump to lower their own taxes and repeal the modest regulations that were put on their banks.

As near as I can tell, they are hellbent on causing another financial meltdown sometime in the next decade. And why not? The last one worked out pretty well for them.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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