"Unions are essential to capital expansion."
Really?
Is that why union membership is at an all time low?
"Union Membership Hits All-Time Low in US, Report Says"
Breaking News at Newsmax.com
Union Membership Hits All-Time Low in US, Report Says
And the Cost-Of-Living progress of American wages brought about by unions has proportionately diminished.
The present stagnation of American wages and the diminution of unions was initiated by Ronald Reagan, the hero of the politically ignorant right wing. He commenced it with an Executive Order which effectively dissolved the Air Traffic Controllers' union -- one of the most egregious act of political treachery in the history of labor relations. The subsequent progression of
Right-to-Work" states, another example of deplorable ignorance on the part of contemporary generations of working-class America, is putting the finishing touch on the Union Movement.
Right-wing propagandists, water-carriers of the monied elite, are responsible for the regression.
"The present stagnation of American wages and the diminution of unions was initiated by Ronald Reagan,..."
Gads, Mikey...you believe every talking point of the Left, huh?
Check this out:
- Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
- But….the national wealth went up $ 17 trillion
- Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries. http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html
http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences
And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[
1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.”
http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm
“As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect,
the economic began a strong and sustained pattern of growth.” http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml
- The benefits from Reaganomics:
- The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
- Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
- Unemployment fell to 5.5% from 7.1% (Table B-35)
- Prime interest rate fell by one-third.(Table B-73)
- The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
- Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
b. and c.
http://www.kiva.org/team/real_americans
Obama and the Obamunits
WISH they could point to those numbers.
And this:
Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years."
President Obama's Growth Gap Hits $1.31 Trillion
a. "
The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. ".... first president since Hoover to never have a single year above 3% GDP growth."
Obama economy is 'amazing,' says hedge fund billionaire
See if you can find a single error in any of the above.
