"recovery".

But I'm gonna add on a bit
using a class analysis.

As Foxnesn has pointed out,
the economy has indeed recovered,
but it has been the very wealthy
who are benefiting the most from
this recovery.

Yet as GDP rises again, at a rate
of 5% this quarter, the economists
are talking about a “jobless reco-
very” — the meaning of which was
explained in a recent Financial
Post article. “The total net worth
of America’s richest people rose by
ten percent to U.S $ 995 billion this
year from 2002, according to Forbes
Magazines annual ranking of the count-
ries 400 wealthiest individuals.” (The
four hundred richest U.S. residents
wealth is now about the size of Canada’s
economy, the eight largest in the world).
In 2001/02 the 400 wealthiest people saw
a slight decline in their wealth, as was
the case for most of the population with
some 1.7 million people in 2002 that joined
the 34.6 million people living in poverty.
(WSJ September 29)

No matter that since the ‘recovery’ started
in November of 2001 some 1.2 million more
people joined the dole lines and “the number
of people without health insurance shot up
last year by 2.4 million, the largest increase
in a decade.” (NY Times Sept 30) And, the past
twenty years of neoliberal attacks against soc-
ial entitlements such as welfare (the non-corp-
orate kind) unemployment benefits, and social
housing has made this unemployment crisis that
much more painful. Homelessness and hunger are
increasing, especially amongst the Black comm-
unity where the job loss rate has been even more
severe (On top of an unemployment rate that al-
ready doubled that of the white population.).

Yeah, guys, great economy we got here. Please.