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Faygo Kid

(21,478 posts)
Sat Jan 25, 2014, 08:00 PM Jan 2014

"This is not the America I believe in": Quote from Sen. Carl Levin

“The upper 1 percent has gained a 3 percent increase in income since recession ended. Everyone else is flat or a loss. This is not the America I believe in,” Levin said.

The article concludes: He hopes to be able to pass a minimum wage increase and fund unemployment benefits to help people struggling at the bottom economic rungs. He thinks they would boost the economy and put pressure for upward mobility throughout the lower and middle classes.

Good for him. Warnings in the article about the NSA, too. I will miss him, although some here don't think he goes far enough about the NSA. But I remember when he was on the Detroit City Council, and he has been a strong voice for us for many years.

http://www.record-eagle.com/local/x651193739/U-S-Sen-Levin-weary-of-hyper-partisan-politics-wary-of-NSA

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"This is not the America I believe in": Quote from Sen. Carl Levin (Original Post) Faygo Kid Jan 2014 OP
thank you, Senator Levin! Cha Jan 2014 #1
Typo-that should be top 1% has 300% gain ErikJ Jan 2014 #2
That sounds more accurate. Do you have a link? JDPriestly Jan 2014 #3
I've been looking. All I can find is the top 1% has ErikJ Jan 2014 #4
On second thought, 300% since 2008 is too high. I agree with you. JDPriestly Jan 2014 #5
 

ErikJ

(6,335 posts)
4. I've been looking. All I can find is the top 1% has
Sat Jan 25, 2014, 10:28 PM
Jan 2014

grabbed 95% of the income gains since the recession began. The 300% figure was since 1980. So it just might be 3% since 2008, but I would think much higher than 3%. At least 30%.

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