We’re Earning Less, But Rahm Assures Us We’re Rescued

White House Chief of Staff Rahm Emanuel, on July 22: “We rescued the economy from the worst recession.”

CNN, today: “The Commerce Department said personal income fell 1.3% in June, compared with a revised 1.3% increase in May, when government stimulus boosted social benefits payments and reduced taxes. The June decrease was the largest drop in personal spending since January 2005, when incomes fell 2.3%.”