Wall Street is Doing Better Than Ever,

so that means there is a recovery and everything is going just great.

We all know, or should know, that is a load of bullshit.

Hedrick Smith (he's still alive?):

Right now, “wedge economics” is mangling America’s economic recovery. Anyone who has taken Economics 101 knows that what drives growth is not high stock gains for the 1% (who capture more than half of the capital gains from the market) but the power of mass consumer demand.

Economists call that the “virtuous circle of growth.” What they mean is that when CEOs share more of corporate profits with their workers and pay higher wages instead of imposing wage freezes, tens of millions of Americans head for Costco or Home Depot or the local car dealer to buy. Their purchases, multiplied by the millions, is what creates the incentives for business to expand, to build new plants, buy new equipment and hire more workers.

Consumer demand is the essential job creator in the American free enterprise system. Without strong demand, built on an ample supply of good jobs and good pay, businesses simply sit on their money, as they have done for most of the past four years, hoarding $2 trillion in accumulated cash.

Tell that to the neolibs. They are clueless by design.