Has Obama Failed Black Americans on Jobs?

[francoHFW]

GOP to blame...

Over the past 60 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
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.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--March 7, 2013
5/6 = Wealth And Inequality In America - Business Insider
Overview = Reagan Revolution Home To Roost ? In Charts Previous post →

 

[francoHFW]

GOP to blame...

Over the past 60 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
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.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = FRB: Z.1 Release--Flow of Funds Accounts of the United States--March 7, 2013
5/6 = Wealth And Inequality In America - Business Insider
Overview = Reagan Revolution Home To Roost ? In Charts Previous post →

 

[francoHFW]

Make that 30 years, obviously.

 

[nitroz]

While there may be some truth to that,I think blacks have failed themselves.

yep. People need to understand that jobs aren't given to them. They need to get them themselves.

Now creating opportunities for employment that people will take advantage of, thats a different story.

 

[jasonnfree]

Republicans are 90% white. Because of that, they have a tremendous understanding of what it means to be black. Some have tried to help blacks by throwing peanuts.

Peanuts thrown at black camerawoman at GOP convention | abc

Others have helped by making sure blacks get to vote:

and they vote for socialism and every failed idea imaginable. They care more about their own ass in the short term then civilization.

A joke.

Socialism FDR style was working pretty good for blacks and the rest of us common people till Reagan got in. Working people haven't had a pay raise adjusted for inflation since then, although productivity has increased. Where did the money from the increased productivity go? To the top 1%, creating one of the worst wealth inequalities in the western world. We really haven't had a good democrat in the white house since LBJ although I fault him for the Vietnam war. Carter, Clinton, Obama. Corporate democrats all of them. Look at the trade deals that Clinton (and now Obama) signed off on, helping destroy manufacturing jobs for working people including blacks. Not a whole lot of difference between demorats and repiglicans nowadays.

 

[rdean]

Republicans are 90% white. Because of that, they have a tremendous understanding of what it means to be black. Some have tried to help blacks by throwing peanuts.

Peanuts thrown at black camerawoman at GOP convention | abc

Others have helped by making sure blacks get to vote:

and they vote for socialism and every failed idea imaginable. They care more about their own ass in the short term then civilization.

A joke.

Socialism FDR style was working pretty good for blacks and the rest of us common people till Reagan got in. Working people haven't had a pay raise adjusted for inflation since then, although productivity has increased. Were did the money from the increased productivity go? To the top 1%, creating one of the worst wealth inequalities in the western world. We really haven't had a good democrat in the white house since LBJ although I fault him for the Vietnam war. Carter, Clinton, Obama. Corporate democrats all of them. Look at the trade deals that Clinton (and now Obama) signed off on, helping destroy manufacturing jobs for working people including blacks. Not a whole lot of difference between demorats and repiglicans nowadays.

If that were true, The Chamber of Commerce wouldn't give to Republicans 10 to 1 over Democrats. The Republicans are 90% white. Democrats are everyone else.

The difference between the two parties is vast.

 

[buckeye45_73]

and they vote for socialism and every failed idea imaginable. They care more about their own ass in the short term then civilization.

A joke.

Socialism FDR style was working pretty good for blacks and the rest of us common people till Reagan got in. Working people haven't had a pay raise adjusted for inflation since then, although productivity has increased. Were did the money from the increased productivity go? To the top 1%, creating one of the worst wealth inequalities in the western world. We really haven't had a good democrat in the white house since LBJ although I fault him for the Vietnam war. Carter, Clinton, Obama. Corporate democrats all of them. Look at the trade deals that Clinton (and now Obama) signed off on, helping destroy manufacturing jobs for working people including blacks. Not a whole lot of difference between demorats and repiglicans nowadays.

If that were true, The Chamber of Commerce wouldn't give to Republicans 10 to 1 over Democrats. The Republicans are 90% white. Democrats are everyone else.

The difference between the two parties is vast.

Dean loves the 90% number......but hey just offer social programs and put groups in ghettos and shitty neighborhoods full of crime...and you too can win their votes!!!!!!!

 

[rdean]

Socialism FDR style was working pretty good for blacks and the rest of us common people till Reagan got in. Working people haven't had a pay raise adjusted for inflation since then, although productivity has increased. Were did the money from the increased productivity go? To the top 1%, creating one of the worst wealth inequalities in the western world. We really haven't had a good democrat in the white house since LBJ although I fault him for the Vietnam war. Carter, Clinton, Obama. Corporate democrats all of them. Look at the trade deals that Clinton (and now Obama) signed off on, helping destroy manufacturing jobs for working people including blacks. Not a whole lot of difference between demorats and repiglicans nowadays.

If that were true, The Chamber of Commerce wouldn't give to Republicans 10 to 1 over Democrats. The Republicans are 90% white. Democrats are everyone else.

The difference between the two parties is vast.

Dean loves the 90% number......but hey just offer social programs and put groups in ghettos and shitty neighborhoods full of crime...and you too can win their votes!!!!!!!

What are you crowing about? Republicans have moved the wealth of the nation to the top 5%. You have nothing and live in a trailer. How dumb is that?

 

[Rozman]

And the dumb asses fell all over themselves voting for him....

Again!