I've been thinking about the way economists keep saying that we're in a "recovery", and I've got a theory why they keep saying that even as unemployment continues to increase.
See, here in America, over 70% of the our wealth is held by only 10% of the population. These are the people who are benefitting from the stock market increases, who are getting "performance" bonuses because their bailed-out companies survived the collapse, who make salaries that are a degree of magnitude greater than the average worker (though some will say that those people "earn" their wages, I'd have to ask how exactly a lawyer's work is actually worth 10 times or more that of a pump jockey, but that's neither here nor there for this conversation).
Anyway, since those people hold the bulk of the money in America, and money has become the only thing that matters here any more and the sole measure of one's worth, then it follows that if those people are doing well then America is doing well. Whether or not the other 30% of the money (and the 90% of the nation that is attatched to that money) is not doing so well is irrelevant, since the majority (money-wise) is doing just fine.
Here's another article on the distribution of wealth, that says that top 20% holds over 80% of the wealth. Which is right? I dunno, and with numbers like that I'm not sure it's not like quibbling over whether the rapist used a condom or not*.
*Or is that too much hyperbole? Ah, fuck it,who cares if it is when you're the one with the distended sphincter?