The Wealthy Love the Economy

There's something so wrong about the following quote that I can hardly define it. Is it that the source of economic joy is in "wealth management" and she likely has no interaction whatsoever with the folks who are not her clients because they aren't wealthy? Is it that she is one of the folks who rewards companies for laying off employees by driving their stock prices up when they do so? Is it the likelihood that she benefitted tremendously from the Bush tax cuts and will continue to benefit from Bush's plan to cut taxes on dividends and investment income? Is it that the average worker in America would never describe the economy as wonderful, given the tremendous insecurity we all face? Yes, yes, yes, and yes. It makes my stomach turn.

"Thank God the election is over; I have never seen so much economic misinformation," said Mary C. Farrell, managing director of UBS Wealth Management in New York. "We have a wonderful economy." (WaPo)

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