".... eliminating the middle class..."
And, now for reality:
1. LetÂ’s be clear: the broadest and most accurate
measure of living standard is real per capita consumption. That measure soared by 74% from 1980 to 2004.
The Equality Of Reaganomics - Forbes
http://www.bea.gov/national/nipaweb...ce=N&AllYearsChk=YES&Update=Update&JavaBox=no
a. A study of table 7.1 would show that
between 1973 and 2004, it doubled. And between 1929 and 2004, real per capita consumption by American workers increased five fold. The fastest growth periods were 1983-1990 and 1992-2004, known as
the Reagan boom.
b. For those who insist that wealth has fallen, this in a discussion of the recession: “The decline in home prices and stock portfolios in 2008 wiped out gains in net worth from the previous three years, the Fed said.
Median household net worth increased 17.7 percent between 2004 and 2007, but fell 3.2 percent from 2004 through last October, according to the Federal Reserve's Survey of Consumer Finances.”
Average American Net Worth Drops 23% - CBS News
c.”Today, the country has gone a long way toward an appearance of classlessness.
Americans of all sorts are awash in luxuries that would have dazzled their grandparents.
“
http://www.nytimes.com/2005/05/15/national/class/OVERVIEW-FINAL.html?pagewanted=all
A little more?
Sure:
2. "What is missed…and not by accident, is that the ‘disappearance’ is largely due to fact that
the percentage of households with real incomes higher than $50,000 increased from 24.9% in 1967 to 44.1% in 2003, and the percentage with real incomes lower than $35,000 fell from 52.8% in 1967 to 40.9% . "
More On The Certain Equality Of Reaganomics - Forbes
Isn't it astounding.....when one is as ignorant as you have been kept, you can be manipulated so easily and made to believe anything.
True?
So...you've been reading, have you?
Try Peter Ferrara, "America's Ticking Bankruptcy Bomb."
Nah....probably too late for you.