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From the Economic Policy Institute's Top Charts of 2012:
EPI chart showing job shortfall since December 2007-December 2012
The chart shows the shortfall in jobs since 2007.
In November 2012, the labor market had 3.7 million fewer jobs than when the recession began in December 2007. And, because the potential labor force grows as the population expands, the economy should have added 5.2 million jobs since December 2007 just to keep the unemployment rate stable. Counting jobs lost and jobs that should have been added, the U.S. economy has a jobs shortfall of 8.9 million.
Chart showing distribution of Adjusted Gross Income
The current debate about the pending expiration of the Bush-era tax cuts has generated claims that the middle class will suffer under the administration’s proposal to end cuts for taxpayers in the top two income-tax brackets (married taxpayers with income over $250,000 and singles with income over $200,000). But as this graph shows, taxpayers making between $250,000 and $1 million are not “middle class,” as the vast majority of taxpayers make under $250,000. Indeed, according to IRS data, more than 87 percent of taxpayers make less than $100,000. Wherever on the income scale the American middle class begins and ends, raising the income threshold to allow higher-income Americans to receive tax cuts has nothing to do with protecting the middle class.

Blast from the Past. At Daily Kos on this date in 2005Sunnis: 'We went to a wedding, and it turned into a funeral':

That is the sentiment of Sunni Arabs in the wake of the Iraq election.  Sunni leaders had high hopes when they decided to participate--rather than boycott--the elections. Despite a strong turnout, they received relatively few number of seats in the permanent government, leading many to claim widespread fraud.

The most prominent Sunnis who won the election were disqualified on Friday on suspicions they were high-ranking officials in Saddam's Baath Party.  The decision to oust the most prominent Sunni winners has put the whole country on edge:

Saleh Mutlaq, a prominent Sunni politician, said that the ruling would agitate already frustrated Sunnis who are questioning the validity of the elections.

"The streets will tell you their reaction," Mutlaq said.The hundreds of thousands of Iraqis who protested the election on Friday did so before the disqualification of these candidates.  It is unclear how the already aggrieved masses of Sunnis will react to this latest development.


Tweet of the Day:

Why Stop at @PiersMorgan? Have Anyone Who Disagrees with You Deported. That's Freedom, Right? #Fascism #p2 #tcot
@TheNewDeal via web


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