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Now, welcome to the Best of Left Podcast with clips today from the Young Turks, the Onion Radio News,

The Rachel Maddo Show, Joe Liles, and The Daily Show.

All Krugman wrote an excellent op-ed today, and he explained that this is Bernie's decade. What does he mean by that?

You know, Bernie made off, pretended to have the $50 billion, and everybody who had given him his their money,

they thought they were really rich, and then one morning they wake up, and it turns out they're not rich at all.

They didn't have any money, made off and already made off with it.

So, that is what has happened to our economy.

We thought we were rich, and we were doing well, and the economy is humming along, and we got our money in the stocks, and we got our portfolio, and we got our 401K, and we got our passion plan.

And one morning we wake up, and we got nothing.

In fact, as Krugman explains, since 2000, the income of an average American family has gone down, not up.

Okay, now that is, in American history, I don't know if it's unprecedented, but it's something very, very, very special for that long period of time.

And it makes sense, because as he points out, we used to be saving it at 9.5%, right?

And between 2005 and 2007, we saved it at 0.6%, right?

So, there's almost no savings in the country, so it's not just made-offs fault, it's not just the bankers fault.

We weren't saving any money, but we thought, no, it's okay, it's okay, because we got all this magical money.

But we didn't have the magical money, it was all at Mirage, and who set up the Mirage?

It was people like Hank Polson, who said, hey, don't worry, man, we're all making tons of money.

And by the way, since I'm making you this money, which now we know never really exists in the first place, I'm going to take a cutoff of it.

No, no, no, not when you cash out, but I'm going to take a cutoff of it every single year.

So, he took a cut, and he took another cut, and he took another cut, and by the time he retired from Golden Sacks to go work for Bush as the head of the Treasury.

He had taken $500 million on commission for profits that didn't really exist.

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