Friday, June 11, 2010

Not rich? Tough shit. Next!

Kevin Drum posted this at 7:49 a.m., obviously before he had sufficient caffeine to smother his Inner Snark.

Good news! The recession is over:

Unemployment remains at near-record levels, and most Americans are struggling to rebuild their battered finances. But the country's wealthy are once again doing just fine, thank you.

....Last year the number of millionaires bounced up sharply, new data show. And after that decline and rebound, the millionaire class held a larger percentage of the country's wealth than it did in 2007.

....The [Boston Consulting Group's] latest report on wealth, one of the first broad depictions of how wealth shifted in 2009, indicates that the number of U.S. households with at least $1 million in "bankable" assets climbed 15% last year to 4.7 million after tumbling 21% in 2008.

Well, you know what I mean: the recession is over for everyone who counts. As for the rest of you, it's time to suck it up. We need austerity, people, not out-of-control spending. So stop whining, OK?

It's class war. The Rich against The Rest of Us. To varying degrees (minimum for the 40 years from FRD FDR to Reagan), it always has been. And it always will be. There's only one question:

How much are we going to make the Haves pay for the privilege?

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