Recession Over!

theCL  2009-12-11  Federal Reserve, Progressive

Well, that is, if you work for the government. Then yeah, the recession is over.

The Exploding Salaries of Federal Workers

The percentage of federal workers who make more than $100,000 increased from 14 percent to 19 percent during the first 18 months of the recession, reports USA Today. At a time when millions of people have lost their jobs, many federal workers are living large. And the ones who were already earning more than the average have been doing particularly well. In December 2007, there were 1,868 civilian employees at the Defense Department who earned more than $150,000. Now there are more than 10,100. In the Transportation Department there was one person who earned more than $170,000; now there are 1,690.

Your freshly printed out of thin air trillions of dollars in action folks! They're rigging the system. Flush with (counterfeit) cash, the political class can buy up everyone else's stuff (on the cheap). Think about that.

What say you?
  • Johnny January 18, 2010 at 1:21 pm

    Sounds like trickle down Obamanation.

    • theCL January 18, 2010 at 3:16 pm

      Yeah ... trickle down to nothing.