They keep telling us we're in a recovery, but those of us out here in Reality Land know the number on their charts have nothing to do with the real economy. Via Rolling Stone's Tim Dickinson, the state of the union we're not likely to hear about tonight:
1. New income generated since 2009 that has gone to the top 1 percent: 95 percent
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To some, it may come as a surprise that the bankrupt City of Detroit and the hard-hit State of Michigan are subsidizing the Big Three automakers, the pharmaceutical industry, energy companies and virtually every large Michigan business. But a massive giveaway—"corporate welfare,” both locally and nationally—is bankrupting municipalities everywhere as shown by reports from Demos ("The Detroit Bankrupcty”, the New York Times ("United States of Subsidies”) and Good Jobs First ("Megadeals”).
