The Obama Bubble Economy
Alan Tonelson
Friday, June 26, 2009
U.S. ECONOMIC RELATIONS
Change in U.S. in disposable personal income levels, May, 2009: + $178.1 billion
Change in U.S. private sector wages and salaries, May, 2009: – $12.4 billion.
Source: “U.S. Savings Rate at Highest Point in 15 Years,” by Jack Healy, The New York Times, June 26, 2009
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).