The American Dream disapears under Reaganism...wake up!

[francoHFW]

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.

The Demise of the American Middle Class In Numbers. | Fact Left

 

[Warrior102]

Dear God -

 

[The T]

Dear God -

No Shit, Warrior.

The depths being reached are astounding...

 

[Truthmatters]

great stuff franco.

You have them immediately doing the "your a poopy pants" dance.

I love to see it when the facts stump them so badly

 

[CrusaderFrank]

Government spending is devouring the Middle Class

 

[Black_Label]

Great article, Reagan was the godfather of reigning in far right wing "give everything to the rich" fascist policies in america.

 

[paulitician]

The Takers are dangerously close to outnumbering the Producers/Givers. That's what's destroying America. We are very close to a tipping-point. Third World Misery may not be too far away.

 

[Truthmatters]

Fact Left - Facts for Liberals counteracting the Conservative Noise Machine.

great site

 

[tjvh]

Dear God -

Shhhh, it keeps them busy.

 

[The T]

Government spending is devouring the Middle Class

Precisely. The very ones that tout the 'Middle Class' are destroying it.

Again for those that missed it?

The campaign for Obama will be laced with Blame, Minimize, Deny, Obfuscate...rants of Class envy/Warfare...because Obama certainly can't run on his record that he ignored as ObamaCare was main focus.

That house will come crashing down come Thursday as Holder is held in Contempt by the House of Representatives.

THIS is going to be another BUST WEEK for Obama and his hoards of minions.

 

[Truthmatters]

see all the facts the right bring to bare

 

[tjvh]

Fact Left - Facts for Liberals counteracting the Conservative Noise Machine.

great site

Great site when you are devoid of ANY and ALL Original Thought.

 

[Gideonprime]

Government spending is devouring the Middle Class

In what alternate reality are you living?

How about taxes being at an incredible low and defense spending out the wazoo are devouring the Middle Class.

Actually more like Global Economy and free trade are killing the Middle Class in the US.

Or what about Lack of investment in our own country to include infrastructure is leading to the collapse of this nations middle class?

Lax enforement of Banksing regs and then bailing out the criminals responsible is killing the Middle Class?

 

[kwc57]

Fact Left - Facts for Liberals counteracting the Conservative Noise Machine.

great Echo chamber site

There, I fixed it for you.

 

[Soggy in NOLA]

This is beyond fucking stupid... are these libs this utterly brainwashed & braindead?

Good God indeed....

 

[tjvh]

see all the facts the right bring to bare

It's about time you are honest, and admit them as facts.

 

[Soggy in NOLA]

Fact Left - Facts for Liberals counteracting the Conservative Noise Machine.

great site

Great site when you are devoid of ANY and ALL Original Thought.

TM is hitting the urinal cakes early today...

 

[Truthmatters]

they cant cheat enough to win anymore.


the "I know you are but what am I" and "your a poopy pants" tactics have worn so thin it doesnt bing them any NEW voters.

There exsisting voter base is dying of old age.


Their going to get caught cheating BIG TIME pretty soon

 

[Warrior102]

The Reagan Years -

The BEST for the United States.

Then comes the adultering, intern-molesting, impeached, disbarred disgrace Hillbilly knuckle-dragging redneck, AKA - Dick, er.... Bill Clinton.

What a legacy.

 

[Truthmatters]

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.

The Demise of the American Middle Class In Numbers. | Fact Left

Not one of you can deflect these facts huh?