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

Discussion in 'Politics' started by francoHFW, Jun 26, 2012.

  1. francoHFW
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    francoHFW Platinum Member

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    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
     
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  2. Warrior102
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    Warrior102 Gold Member

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    Dear God -
     
  3. The T
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    The T George S. Patton Party Supporting Member

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    No Shit, Warrior.

    The depths being reached are astounding...
     
  4. Truthmatters
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    Truthmatters BANNED

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    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
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Government spending is devouring the Middle Class
     
  6. Black_Label
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    Black_Label Registered Democrat

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

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    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.
     
  8. Truthmatters
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  9. tjvh
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    tjvh Senior Member

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    Shhhh, it keeps them busy.:badgrin:
     
  10. The T
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    The T George S. Patton Party Supporting Member

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    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.
     

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