Econ 101 for Obamites

You're a piece of shit liberal.....that is what you support as a liberal. Democraps just pushed for more taxes on "rich people" with the hidden secret that middle class taxes went up too with a few other taxes like obamacare.

Maybe you are a bi-polar liberal and change your views minute by minute? :clap2:

Example 1 of an insane shithead shows up like clockwork.

Tell us asswipe, how raising taxes on rich people will grow the economy....

Yeah....


So why do you do that, anyway?

Did I ever say it would?
 
It shows the world's financiers that intelligence is back in US gov't and helps with the debt, shows that the greedy idiot Pubs are OUT along with pandering to the idiot rich- that the nonrich and DEMAND will be on the way back, ditz.

Now to get the Pubs in congress to stop holding the country hostage for politics, and get them the hell out of the way of the recovery, the only thing that will solve the deficit.
 
You're a piece of shit liberal.....that is what you support as a liberal. Democraps just pushed for more taxes on "rich people" with the hidden secret that middle class taxes went up too with a few other taxes like obamacare.

Maybe you are a bi-polar liberal and change your views minute by minute? :clap2:

Example 1 of an insane shithead shows up like clockwork.

Tell us asswipe, how raising taxes on rich people will grow the economy....

Did I ever say it would?

Or it could be I like to tell stupid Con hack jaggoffs like yourself how you LOST this past election, and laugh at you while you froth at the mouth over it.


Anyway, as for taxing the rich to grow the economy, I never said I advocated that view myself. I just think it's about time public goods and programs the nationwide majority have indicated they want to preserve start to be paid for and right now, it's the rich who can better afford to do that.

Personally, I think more than just the rich should be paying in more, but thanks to the blind anti-tax rhetoric your ilk have perpetuated the past few decades, we gotta take what we can get, and right now, that's a little of the good ol' "class warfare" which you dildos can't seem to stop anymore just by shouting about it.

Sucks to be you, doesn't it, shithead?
 
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It shows the world's financiers that intelligence is back in US gov't and helps with the debt, shows that the greedy idiot Pubs are OUT along with pandering to the idiot rich- that the nonrich and DEMAND will be on the way back, ditz.

Now to get the Pubs in congress to stop holding the country hostage for politics, and get them the hell out of the way of the recovery, the only thing that will solve the deficit.

The Pubs are cornered animals right now, which makes them dangerous. They're not gonna "stop holding the country hostage for politics" because hostage-taking is all they have.
 
It shows the world's financiers that intelligence is back in US gov't and helps with the debt, shows that the greedy idiot Pubs are OUT along with pandering to the idiot rich- that the nonrich and DEMAND will be on the way back, ditz.

Now to get the Pubs in congress to stop holding the country hostage for politics, and get them the hell out of the way of the recovery, the only thing that will solve the deficit.

....helps with the debt? I read this like three times and have no idea what the fuck point you're trying to make.
 
It shows the world's financiers that intelligence is back in US gov't and helps with the debt, shows that the greedy idiot Pubs are OUT along with pandering to the idiot rich- that the nonrich and DEMAND will be on the way back, ditz.

Now to get the Pubs in congress to stop holding the country hostage for politics, and get them the hell out of the way of the recovery, the only thing that will solve the deficit.

The Pubs are cornered animals right now, which makes them dangerous. They're not gonna "stop holding the country hostage for politics" because hostage-taking is all they have.

Obama, no budget, no plans, he just wants unlimited refills on his spending crack pipe
 
It shows the world's financiers that intelligence is back in US gov't and helps with the debt, shows that the greedy idiot Pubs are OUT along with pandering to the idiot rich- that the nonrich and DEMAND will be on the way back, ditz.

Now to get the Pubs in congress to stop holding the country hostage for politics, and get them the hell out of the way of the recovery, the only thing that will solve the deficit.

The Pubs are cornered animals right now, which makes them dangerous. They're not gonna "stop holding the country hostage for politics" because hostage-taking is all they have.

Wait. You understood what the moron was saying? Can you translate it into English for me?
 
The Demise of the American Middle Class In Numbers.

Over the past 60 years (Actually, the last 30 years, as you can see) the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = PrudentBear
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--December 6, 2012
5/6 = Wealth And Inequality In America - Business Insider

Overview = Reagan Revolution Home To Roost — In Charts - Dave Johnson


For example...Screwing over the nonrich and the country for the sake of the top 1% has been the recurring Pub catastrophe...See the "Gilded Age" and the 20's.
 
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Ok shithead....do you want to play????

Come on tell us how raising taxes helps the economy.

Tell us how welfare stimulates the economy....better than taxpayers spending their own money.

Yourt silence will prove you are full of shit. You see, I don't have a MD so I don't go argue with doctors on medical procedures, so you being a loser with no college degrees shouldn't argue with me on business and economics, or really anything in general.

Basically..you have no idea what you are talking about.

You can't last in a thread without personally insulting people when your opinion gets challenged.

Not many of your ilk can.

The OP starts with an insult.

He insults and states something. If he's told he's wrong, instead of challenging the contention, he mentally masturbates with his degrees apparently thinking that makes everything he said correct.

I called out this fallacious reasoning in another thread and his response was to go back in my post history to find some way to personally attack me rather than challenge what I said.

Personally, I'm starting to think he's a troll. He rarely posts much of anything except insults and diverts the topic whenever he can.


I'll play

1. I don't think you're full of shit about your degrees because you won't post them, I think you're full of shit about your degrees because of your illiteracy.

2. Nancy Pelosi is a wrinkled bag of shit, but you are entirely misrepresenting what she said and trying to make it sound worse than what it was because OBVIOUSLY if you give a guy $200 who had NO money before that then that is going to stimulate SOMEONE'S economy, or more likely plural someones.

3. Your premise that increasing revenue rates wouldn't have any effect on the economy is as stupid as the one of those who don't say shit about lowering expenses.

See, I'm just a peckerwood who works on cars for a living,but when I do my monthly paperwork I have to look at both income AND expenses when determining how MY economy is doing. You're just the opposite side of the stupid coin who says "no need to lower expenses"

Oh, PS I do have a college degree since you seem to think that makes ones OPINION more valuable than anothers, I personally don't believe that; but I doubt you've ever darkened a college classroom in your life.
 
The Demise of the American Middle Class In Numbers.

Over the past 60 years (Actually, the last 30 years, as you can see) the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = PrudentBear
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--December 6, 2012
5/6 = Wealth And Inequality In America - Business Insider

Overview = Reagan Revolution Home To Roost — In Charts - Dave Johnson


For example...Screwing over the nonrich and the country for the sake of the top 1% has been the recurring Pub catastrophe...See the "Gilded Age" and the 20's.

you do realize that all that data concludes that the American worker was best off in the fifties when tax rates were at their highest?
 
The Demise of the American Middle Class In Numbers.

Over the past 60 years (Actually, the last 30 years, as you can see) the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = PrudentBear
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--December 6, 2012
5/6 = Wealth And Inequality In America - Business Insider

Overview = Reagan Revolution Home To Roost — In Charts - Dave Johnson


For example...Screwing over the nonrich and the country for the sake of the top 1% has been the recurring Pub catastrophe...See the "Gilded Age" and the 20's.

you do realize that all that data concludes that the American worker was best off in the fifties when tax rates were at their highest?

Organized labor was at its zenith at that time, too.
 
The Demise of the American Middle Class In Numbers.

Over the past 60 years (Actually, the last 30 years, as you can see) the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = PrudentBear
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--December 6, 2012
5/6 = Wealth And Inequality In America - Business Insider

Overview = Reagan Revolution Home To Roost — In Charts - Dave Johnson


For example...Screwing over the nonrich and the country for the sake of the top 1% has been the recurring Pub catastrophe...See the "Gilded Age" and the 20's.

you do realize that all that data concludes that the American worker was best off in the fifties when tax rates were at their highest?

And the tax code was nothing even remotely comparable to what it is today.

Comparing tax rates from the 50's to tax rates now is apples to oranges as the 2 are not even remotely similar.
 
Shithead....

I know you never saw the inside of a college classroom, so people with college degrees is a foreign concept to you.

As for Pelosi, the idiot believes she is doing more for the economy by stealing money from rich people then giving it to crackheads like you on welfare that go out and buy booze, tobacco, etc with your welfare money.

Sure that stimulates the economy a tiny bit but it is inefficient compared to letting the rich create more jobs to hire lazy fucks like you to work for your money that you spend on booze, crack, porn, etc.

Taxes are a drain on the private sector when that money is wasted on bullshit scams like Solyndra that lines the pockets of scum like your fellow liberals.....the rich ones, unlike you. The Govt eating up more and more of the private sector by sucking more taxes out of it for more frivilous spending isn't good economic policy.

Now, that will be $200 for me giving you a piece of Economics 101 I took over 20 years ago....now go fuck yourself, car mechanic.

Ok shithead....do you want to play????

Come on tell us how raising taxes helps the economy.

Tell us how welfare stimulates the economy....better than taxpayers spending their own money.

Yourt silence will prove you are full of shit. You see, I don't have a MD so I don't go argue with doctors on medical procedures, so you being a loser with no college degrees shouldn't argue with me on business and economics, or really anything in general.

He insults and states something. If he's told he's wrong, instead of challenging the contention, he mentally masturbates with his degrees apparently thinking that makes everything he said correct.

I called out this fallacious reasoning in another thread and his response was to go back in my post history to find some way to personally attack me rather than challenge what I said.

Personally, I'm starting to think he's a troll. He rarely posts much of anything except insults and diverts the topic whenever he can.


I'll play

1. I don't think you're full of shit about your degrees because you won't post them, I think you're full of shit about your degrees because of your illiteracy.

2. Nancy Pelosi is a wrinkled bag of shit, but you are entirely misrepresenting what she said and trying to make it sound worse than what it was because OBVIOUSLY if you give a guy $200 who had NO money before that then that is going to stimulate SOMEONE'S economy, or more likely plural someones.

3. Your premise that increasing revenue rates wouldn't have any effect on the economy is as stupid as the one of those who don't say shit about lowering expenses.

See, I'm just a peckerwood who works on cars for a living,but when I do my monthly paperwork I have to look at both income AND expenses when determining how MY economy is doing. You're just the opposite side of the stupid coin who says "no need to lower expenses"

Oh, PS I do have a college degree since you seem to think that makes ones OPINION more valuable than anothers, I personally don't believe that; but I doubt you've ever darkened a college classroom in your life.
 
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However, when tax rates are higher, there is less employment, and more folks drawing entitlements.

6a00d8341cd0c953ef0133ee6520af970b-800wi

I do not know where you go that graphic, but I notice it conveniently stops at 1996.

Here's a more relevant one from the Federal Reserve:

r1ltp2.png
 
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The Demise of the American Middle Class In Numbers.

Over the past 60 years (Actually, the last 30 years, as you can see) the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = PrudentBear
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--December 6, 2012
5/6 = Wealth And Inequality In America - Business Insider

Overview = Reagan Revolution Home To Roost — In Charts - Dave Johnson


For example...Screwing over the nonrich and the country for the sake of the top 1% has been the recurring Pub catastrophe...See the "Gilded Age" and the 20's.

What you folks need to realize is that America had a MONOPOLY on manufacturing after WWII, and an EXPORT economy. As manufacturing became GLOBALIZED we lost the advantage of providing goods to the rest of the world, and our EXPORT economy did a 180.

We are NEVER going to see an economy like we had in the 50's and 60's, so you might just as well get used to the idea.

We will NEVER be able to compete with 2 BILLION people willing to earn 50 cents an hour and destroy their environment to do it!
 

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