Oddball
Unobtanium Member
Wait a minute....We had the best economic times the nation had BEFORE Medicare, Medicaid, Great Society welfare handouts and corporate bailouts?How do you account for the fact that the numbers were falling prior to 1965?That chart, if it proves anything at all, proves that Johnson's War on poverty might have been working until Reagan came into office and started his assault on the working class.
Bear in mind that is not what I say it proves, but it could be interpreted that way if one were foolish enough to try to make such an argument based on only one metric.
And speaking of empty rhetoric, what's that "....until Reagan came into office and started his assault on the working class" dreck?
How do I account for the falling numbers pre 1965?
That was the best economic times this nation had. Of course the rate of poverty was down.
Don't you know anything about this nations economic history, Oddball?
Apparently not.
And you know, if you don't know what thing were like, how can you really judge how policies worked?
Poverty started to increase in this nation when Reaganomics kicked in.
Some segments of the population did better as a result of his policies, but most of us started to have less purchasing power.
The zenith of purchasing power for the middle in America began to fall around 1970 and more or less has been falling ever since.
Welfare has nothing to do with that.
Mostly that has to do with the changing econo0mies in the rest of the world, and our stupid decision to offshore our own indutrial jobs.
Wake up and smell the economy.
You are extremely misinformed by EXPERTS in propaganda.
When did the gold standard end and how did Nixon's wage and price controls work out?
What do you think the economic effect upon America was, in dumping uncounted billions of dollars into the Vietnam debacle?
What in hell do you think it was that brought about 12+% inflation and 20+% interest rates, in the late '70s & early '80s?
And you accuse me of knowing nothing about American economic history?