Posts tagged "economy"


Elite Cleaners in Minneapolis helped over 2,000 unemployed workers that couldn’t afford dry cleaning. Owner Don Chapman estimated that it cost his company $32,000 dollars.”

From “21 Pictures That Will Restore Your Faith In Humanity,” Buzzfeed



The best presentation of U.S. debt that I’ve seen yet.

Just pretend it’s a household!


But, you know, Reagan (and Bush) were so good for the economy.

(via agirlcalledchris)

So, this post on Facebook seems to be making a lot of conservatives giddy.

The thing is… I’m sure there are many, many flaws in the presentation of this data. Let me just share one. Look at the second picture (via gasbuddy).

They’re quoting a price of $1.83 in January, 2009, when Obama replaced Bush in the White House. What they are not talking about is the price of $4.12 in June, 2008, and the precipitous drop between then and January, 2009, coincidentally around the time of the election.

Nor, obviously, do they talk about the two wars Bush started and left to Obama to clean up. Or how much of that deficit under Obama is actually Bush policies and Bush wars.

Nor does this nice little chart clarify that the number of banks that would have been closed was greatly reduced by a $700 billion bailout.

But you knew all of that, because you’re on Tumblr and you’re smart.


The chart lists the 50 biggest bank holding companies as of June 30, 2011.

Here are the top six and their total assets:

  1. Bank of America Corp., $2.264 trillion
  2. J.P. Morgan Chase & Co., $2.246 trillion
  3. Citigroup Inc., $1.957 trillion
  4. Wells Fargo & Co., $1.260 trillion
  5. Goldman Sachs Group Inc., $937 billion
  6. Morgan Stanley, $831 billion

Together, the top six companies’ assets were $9.495 trillion.

For the second part of the equation — gross domestic product — we turned to the U.S. Commerce Department’s Bureau of Economic Analysis.

Though the time spans don’t line up perfectly, we decided to use the GDP figure for 2010, the most recent full year. That figure is $14.527 trillion.

Dividing these top banks’ assets by the national GDP produces a result of 65 percent — which is actually a slightly larger percentage than Sanders had indicated, but certainly in the ballpark.

(via inothernews)






See full:

I was watching this, and the audience went NUTS.  Much more so than usual.

I’ve seen this about 10 times now but I want it on mah blog

SOMEONE FROM FLORIDA SAID SOMETHING SMART! Thanks, Rep. Grayson, for slightly lessening my overwhelming shame of my home state.

About time someone said it.. it’s both parties and all of Congress catering to Wall Street.. This guy is so cool. 

Notice that he’s a Democrat and a former Representative. Too bad.

I’ll also note that the one slide should say “shouldn’t have 24 million people in this country who can’t find a full-time job…” Right?

(via mywharton)


A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable. Check out the rest of our inequality charts here.

(via iteeth)

God’s original design did not include a world where a few of earth’s residents live in luxury struggling to decide how many cars they should own while so many millions live in abject poverty struggling to decide whether or not to sell their daughter into the sex industry in order for the rest of the family to survive.
Scott Bessenecker, “Quest for Hope in the Slum Community” (via jopan)

(via mindylou213)


Jeff Parker / Florida Today


Heh, I should’ve joined one of these