PC, quoting extreme right wing neocon blogs on the recovery doesn't make me a moron, but it does call into question where you get your information from. The Weekly Standard is one of the least creditable sources you can find.
http://www.nytimes.com/2014/01/06/b...-recovery-in-us-is-relatively-vital.html?_r=0
Unless and until the US turns back Reagans restructuring of the US economy, the real median income for middle class Americans will continue to erode in favour of the wealthiest Americans. This has been true in every economy where Milton's freemarket reforms were put into effect, including the US.
But continue to believe that the US economy would be better off on the policies which Bush doubled down on. That way, you can continue to justify greed, selfishness and abject rejection of social programs.
1. You didn't have to go out of your way to prove you are a moron....I've stipulated same.....
Only morons complain about the source when the facts are undeniable.
"The Weekly Standard is one of the least creditable (sic) sources you can find."
Actually, it is you that is the least credible sources.
On the other hand, you are one of most certifiable.
2. Your NYTimes link includes one of those words designed to food stupid people..."relatively."
And it did.
3. "Unless and until the US turns back Reagans restructuring of the US economy,..."
a. 1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2.
ButÂ….the national wealth went up $ 17 trillion
3. 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.
George Gilder: The Real Reagan Lesson for Romney-Ryan - WSJ.com
Reaganomics - Wikipedia, the free encyclopedia
And this: “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.”
US Department of the Treasury
1. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rateÂ…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95)
FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
IÂ’m proud of you! Not only are you a fool, but you have the energy to let everyone know it!
4. "This has been true in every economy where Milton's freemarket reforms were put into effect, including the US."
You could not be more wrong. You could try, but you would not be successful.
"Marxism rested on the assumption that the condition of the working classes would grow ever worse under capitalism, that there would be but two classes: one small and rich, the other vast and increasingly impoverished, and revolution would be the anodyne that would result in the “common good.” But by the early 20th century, it was clear that this assumption was completely wrong! Under capitalism, the standard of living of all was improving: prices falling, incomes rising, health and sanitation improving, lengthening of life spans, diets becoming more varied, the new jobs created in industry paid more than most could make in agriculture, housing improved, and middle class industrialists and business owners displaced nobility and gentry as heroes."
From a speech by Rev. Robert A. Sirico, President, Acton Institute for the Study of Religion and Liberty.
Delivered at Hillsdale College, October 27, 2006
5. "But continue to believe that the US economy would be better off on the policies which Bush doubled down on. That way, you can continue to justify greed, selfishness and abject rejection of social programs."
One thing at a time: if the Democrat/Liberals had not decided on a policy of corrupting the free market, housing....there would not have been a mortgage crisis.
Greed? Selfishness? That's called ambition.
America has never been without social programs: January 6, 1657...formation of the ScotsÂ’ Charitable Society.
"Last year Americans gave $300 billion to charity. To put this into perspective, that is almost twice what we spent on consumer electronics equipment—equipment including cell phones, iPods and DVD players. Americans gave three times as much to charity last year as we spent on gambling and ten times as much as we spent on professional sports. America is by far the most charitable country in the world. There is no other country that comes close."
https://www.hillsdale.edu/news/imprimis/archive/issue.asp?year=2010&month=01
So.....in summary....let's tally up what you know.
It comes to......zero.