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Posted on Oct 12, 2011

Here's What The 99% Are Angry About

Wonder what all this "Occupy" hubbub is really all about? Here's a quick guide. For even more in-depth analysis, check out Henry Blodget's post at BI.com.

by deaddrift

Community Contributor

Unemployment is at a 30 year high.

It was worse... barely... under Reagan.
Many people have given up looking for work.

The "participation rate" is down.
Long term unemployment is way, way up.

Twice as many people have been unemployed for over six months than at any time in the last sixty years.
CEOs are doing fine, too.

CEO pay has gone up 300% in twenty years.
Income inequality is really getting pretty bad.

The bottom eighty percent own about 7% of the country's total wealth.
Credit for this post should go to Henry Blodget at businessinsider.com

There's lots more, go check it out. I just thought of something... Henry did all the heavy lifting, while I'm taking all the credit. Hey, maybe he should go protest me! Goodness knows I deserve it. Either that, or I deserve a raise.