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Everyone in the world knows Gorby wrecked the USSR, dupe. We're lucky Raygun's bluster didn't bring back their hardliners. How's Reagan's pal Saddam doing? Thanks for tripling the debt, the 1990 S+L bust/recession, and 30 years of bs propaganda and wrecking the country. And your lying semi fascist scary candidate now. It's all the black guys fault. Don't forget the gay guy. You're a bs disgrace.Bullshit, you commie. You hate him because he kicked your motherland to the curb. The truth is (and I was there, not in a coma like you)...Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
Your rabid theory makes no sense. US military spending went way up, the commies tried to keep up but you can't connect the dots. Not my problem.Everyone in the world knows Gorby wrecked the USSR, dupe. We're lucky Raygun's bluster didn't bring back their hardliners. How's Reagan's pal Saddam doing? Thanks for tripling the debt, the 1990 S+L bust/recession, and 30 years of bs propaganda and wrecking the country. And your lying semi fascist scary candidate now. It's all the black guys fault. Don't forget the gay guy. You're a bs disgrace.Bullshit, you commie. You hate him because he kicked your motherland to the curb. The truth is (and I was there, not in a coma like you)...Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
Reagan defeated their hometeamYup it's been a few weeks....
Time to trot Reagan out to get his beating...
Obama doesn't get any heat from the left.
The Libs will blame Reagan for the next 100 years...
OMG. Maybe more to do with bloating the rich while screwing the nonrich. Who needs investment in infrastructure and training for those jobs that went to smart countries like Germany, China, EU, OZ and NZ?Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
The Demise of the American Middle Class In Numbers.
Over the past 35 years 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
Since the Carter Administration left town the US has become victim to the ancient curse of exponentially compounding debt. About half-a-century later. we are living proof of the magic of compound interest.
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 36)
J. P. Morgan and John D. Rockefeller are said to have called the principle of compound interest the Eighth Wonder of the World. For them it meant concentrating financial fortunes in the hands of an emerging oligarchy indebting the economy to itself at an exponential rate. This has been the key factor in polarizing the distribution of wealth and political power in societies that do not take steps to cope with this dynamic."
When the Reagan economic argument is destroyed, go for that fantasy. I hear Star Wars might work in a couple decades...Your rabid theory makes no sense. US military spending went way up, the commies tried to keep up but you can't connect the dots. Not my problem.Everyone in the world knows Gorby wrecked the USSR, dupe. We're lucky Raygun's bluster didn't bring back their hardliners. How's Reagan's pal Saddam doing? Thanks for tripling the debt, the 1990 S+L bust/recession, and 30 years of bs propaganda and wrecking the country. And your lying semi fascist scary candidate now. It's all the black guys fault. Don't forget the gay guy. You're a bs disgrace.Bullshit, you commie. You hate him because he kicked your motherland to the curb. The truth is (and I was there, not in a coma like you)...Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
Where on Earth do you get this baloney?Obama hasn't been able to get the rich and giant corps to pay their fair share duh. When Reagan cut their taxes, state and local taxes on the middle class and poor rose to make up.
When it's obvious you only have a stupid talking point AGAIN. Change the subject to another one...Sure. lol. Such as?What's the difference, dupe? BS GOP propaganda and the dupes. lolGOP Union killing .
Thank you Jesus...
Fuck American style obsolete unions, European style unions the only way to go
.
Huge difference....
.
I see you laughed at my post. So c'mon then silly boy. How is it that the middle class is getting fucked by all those evil repubs but the only time the middle class really seems to get hurt is when a dem is POTUS? Riddle us that jackass.
So tell me all the Obama tax hikes, dingbat. Or any laws passed against mindless GOP obstruction Duh.Where on Earth do you get this baloney?Obama hasn't been able to get the rich and giant corps to pay their fair share duh. When Reagan cut their taxes, state and local taxes on the middle class and poor rose to make up.
And you call others "hater dupes"?
This about Reaganism duh. 35 years now...still feqing the country.Yup it's been a few weeks....
Time to trot Reagan out to get his beating...
Obama doesn't get any heat from the left.
The Libs will blame Reagan for the next 100 years...
The union has killed itself.GOP Union killing .
Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
The Demise of the American Middle Class In Numbers.
Over the past 35 years 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
Obama is a Reaganite?This about Reaganism duh. 35 years now...still feqing the country.Yup it's been a few weeks....
Time to trot Reagan out to get his beating...
Obama doesn't get any heat from the left.
The Libs will blame Reagan for the next 100 years...
The only thing that got destroyed was your pussy. And the Gipper did it long ago and you can't ever forgive him.When the Reagan economic argument is destroyed, go for that fantasy. I hear Star Wars might work in a couple decades...Your rabid theory makes no sense. US military spending went way up, the commies tried to keep up but you can't connect the dots. Not my problem.Everyone in the world knows Gorby wrecked the USSR, dupe. We're lucky Raygun's bluster didn't bring back their hardliners. How's Reagan's pal Saddam doing? Thanks for tripling the debt, the 1990 S+L bust/recession, and 30 years of bs propaganda and wrecking the country. And your lying semi fascist scary candidate now. It's all the black guys fault. Don't forget the gay guy. You're a bs disgrace.Bullshit, you commie. You hate him because he kicked your motherland to the curb. The truth is (and I was there, not in a coma like you)...Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
He was so evil nobody could unfuck America?This about Reaganism duh. 35 years now...still feqing the country.Yup it's been a few weeks....
Time to trot Reagan out to get his beating...
Obama doesn't get any heat from the left.
The Libs will blame Reagan for the next 100 years...
Everyone in the world knows Gorby wrecked the USSR, dupe. We're lucky Raygun's bluster didn't bring back their hardliners. How's Reagan's pal Saddam doing? Thanks for tripling the debt, the 1990 S+L bust/recession, and 30 years of bs propaganda and wrecking the country. And your lying semi fascist scary candidate now. It's all the black guys fault. Don't forget the gay guy. You're a bs disgrace.Bullshit, you commie. You hate him because he kicked your motherland to the curb. The truth is (and I was there, not in a coma like you)...Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world.Obama hasn't been able to get the rich and giant corps to pay their fair share duh. When Reagan cut their taxes, state and local taxes on the middle class and poor rose to make up. Count ALL taxes and fees and EVERYONE is paying 20-30%, and almost all wealth goes to the richest. Great job, dupes.Why does your graph stop at 2007 ? Is it because the Obama years have seen the worst decline of the middle class ?
And it's also useful to notice how this problem has grown over the last century:OMG. Maybe more to do with bloating the rich while screwing the nonrich. Who needs investment in infrastructure and training for those jobs that went to smart countries like Germany, China, EU, OZ and NZ?Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.
The Demise of the American Middle Class In Numbers.
Over the past 35 years 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
Since the Carter Administration left town the US has become victim to the ancient curse of exponentially compounding debt. About half-a-century later. we are living proof of the magic of compound interest.
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 36)
J. P. Morgan and John D. Rockefeller are said to have called the principle of compound interest the Eighth Wonder of the World. For them it meant concentrating financial fortunes in the hands of an emerging oligarchy indebting the economy to itself at an exponential rate. This has been the key factor in polarizing the distribution of wealth and political power in societies that do not take steps to cope with this dynamic."
