Obama's "forced diversity" plan to turn suburbs into ghettos

[Ray From Cleveland]

So do any of you Liberals own a house? Are you telling me you would have no problem if a government subsidized buyer moved in next door to you? Be honest. I would raise holy hell, I busted my ass to afford the house that I have.

"Democrats have two sets of rules: one set for them, and another set for the rest of us."
Rush Limbaugh

 

[Ray From Cleveland]

It's always been about 'Getting Whitey' for him. Anyone with common sense understands that. He fucked the country just so he could feel that he got some revenge on Whitey. He's a piece of shite. It is what it is.

I have to agree with you to some degree. It's always been my opinion that he's doing whatever he can to make whites the minority in this country. I think he has some real resentment towards his mother and grandmother. He didn't even attend his grandmothers funeral.

 

[francoHFW]

It's always been about 'Getting Whitey' for him. Anyone with common sense understands that. He fucked the country just so he could feel that he got some revenge on Whitey. He's a piece of shite. It is what it is.

I have to agree with you to some degree. It's always been my opinion that he's doing whatever he can to make whites the minority in this country. I think he has some real resentment towards his mother and grandmother. He didn't even attend his grandmothers funeral.

Answers.com:Did Barack Obama attend his grandmothers funeral
A private memorial service was held for Madelyn Dunham at the First Unitarian Church on December 23, 2008. Then President-elect Obama attended with his wife and children and also with his sister, Maya and her family. After the service, they scattered their grandmother's ashes at the same beautiful place, Lanai Lookout, where they had done the same for their mother.
She was cremated, no funeral. DUPED AGAIN.

 

[leftwinger]

WTF are economic freedoms lol? They'er for more tax cuts for the rich and giant corps, deregulation, and chickenhawkism. Works great- remember W...Socialism is just fair capitalism, and THAT would be about time. The last 30 years, the nonrich and the country have gone to hell under that New BS GOP crap. see sig.

GWB tax cuts were across the board. More money out in the "field" than filtered thru DC. Revenue was rising each year. Things were heading up............then mortgage meltdown (many reasons). I don't think tax cuts helping the economy had anything to with Mortgage crash.

 

[francoHFW]

So do any of you Liberals own a house? Are you telling me you would have no problem if a government subsidized buyer moved in next door to you? Be honest. I would raise holy hell, I busted my ass to afford the house that I have.

"Democrats have two sets of rules: one set for them, and another set for the rest of us."
Rush Limbaugh

WTH is a gov't subsidized BUYER... They're renters. GOPers have one set for them, another for minorities (the "poor"). A disgrace.

 

[leftwinger]

Blacks Still Face Job and Housing Discrimination

duh

come on Frank. one person with her nose outa joint about getting a loan? If you got the money, job, credit history and the willingness to supply & sit thru all the paperwork for months, they will gladly sell you a home you qualify for.

 

[francoHFW]

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)

 

[Ray From Cleveland]

So do any of you Liberals own a house? Are you telling me you would have no problem if a government subsidized buyer moved in next door to you? Be honest. I would raise holy hell, I busted my ass to afford the house that I have.

"Democrats have two sets of rules: one set for them, and another set for the rest of us."
Rush Limbaugh

WTH is a gov't subsidized BUYER... They're renters. GOPers have one set for them, another for minorities (the "poor"). A disgrace.

Wrong. HUD buys houses as well. Here, they usually buy them off the Sheriff's auction which are foreclosed homes that start off pretty cheap. They don't subsidize the buyer, but they recoup their investment by charging some rent to their clients.

 

[leftwinger]

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

some of your links don't work anymore. I don't know why the 1% is reportedly getting more of the "pie" as you say? or why the American workforce is getting less of the "pie". some of it might be dumbing down of America? is that all they are worth? Nobody taking those high pay welding, electrician, plumber jobs because they think you need a 4 year degree in African studies or Physical Ed.

don't ask me. They need to put on a belt and get out there and get ya' sum o' dat' pie beatch.

 

[francoHFW]

So do any of you Liberals own a house? Are you telling me you would have no problem if a government subsidized buyer moved in next door to you? Be honest. I would raise holy hell, I busted my ass to afford the house that I have.

"Democrats have two sets of rules: one set for them, and another set for the rest of us."
Rush Limbaugh

WTH is a gov't subsidized BUYER... They're renters. GOPers have one set for them, another for minorities (the "poor"). A disgrace.

Wrong. HUD buys houses as well. Here, they usually buy them off the Sheriff's auction which are foreclosed homes that start off pretty cheap. They don't subsidize the buyer, but they recoup their investment by charging some rent to their client

Blacks Still Face Job and Housing Discrimination

duh

come on Frank. one person with her nose outa joint about getting a loan? If you got the money, job, credit history and the willingness to supply & sit thru all the paperwork for months, they will gladly sell you a home you qualify for.

Yup, no one discriminates against blacks. lol

 

[Ray From Cleveland]

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

some of your links don't work anymore. I don't know why the 1% is reportedly getting more of the "pie" as you say? or why the American workforce is getting less of the "pie". some of it might be dumbing down of America? is that all they are worth? Nobody taking those high pay welding, electrician, plumber jobs because they think you need a 4 year degree in African studies or Physical Ed.

don't ask me. They need to put on a belt and get out there and get ya' sum o' dat' pie beatch.

You have to understand the liberal mentality.

Liberals believe we live in a bubble. In our bubble, there is only so much money. That means if one has too much, it's responsible for others having too little.

Of course there is no truth to this at all. But it's what they are told to believe.

The truth is that in our country, money is endless. It's up to the individual to determine how much money they desire. If government took half of all the money millionaires and billionaires have, it wouldn't do the working man one bit of good. All it would do is make government richer.

But as long as liberals believe this, they will always blame our economic woes on the rich people. The real problem is they don't understand that the more you work, the more money you can make.

 

[leftwinger]

CA upper bracket is 13%. along with 40% FED........they start out 53% down. I believe that is the worst in the Nation. How much more do U want? If they GOVT takes it all and grows bigger? Well when is enough enough? How much is enough? GOVT produces nothing. Ever get a job from poor?


Much of the 1% got loaded late 90's when the Dot.com stock market really took off. Every one was doubling up. The smarter ones were able to hold onto it when Dot.com busted. Then another runup to 07' then whamo............down 50% or so.

 

[francoHFW]

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

some of your links don't work anymore. I don't know why the 1% is reportedly getting more of the "pie" as you say? or why the American workforce is getting less of the "pie". some of it might be dumbing down of America? is that all they are worth? Nobody taking those high pay welding, electrician, plumber jobs because they think you need a 4 year degree in African studies or Physical Ed.

don't ask me. They need to put on a belt and get out there and get ya' sum o' dat' pie beatch.

You have to understand the liberal mentality.

Liberals believe we live in a bubble. In our bubble, there is only so much money. That means if one has too much, it's responsible for others having too little.

Of course there is no truth to this at all. But it's what they are told to believe.

The truth is that in our country, money is endless. It's up to the individual to determine how much money they desire. If government took half of all the money millionaires and billionaires have, it wouldn't do the working man one bit of good. All it would do is make government richer.

But as long as liberals believe this, they will always blame our economic woes on the rich people. The real problem is they don't understand that the more you work, the more money you can make.

Only RWers believe that bs...so all this happened because Dems got lazy? lol

The Demise of the American Middle Class In Numbers.

Over the past 30 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--December 10, 2015
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

 

[francoHFW]

CA upper bracket is 13%. along with 40% FED........they start out 53% down. I believe that is the worst in the Nation. How much more do U want? If they GOVT takes it all and grows bigger? Well when is enough enough? How much is enough? GOVT produces nothing. Ever get a job from poor?


Much of the 1% got loaded late 90's when the Dot.com stock market really took off. Every one was doubling up. The smarter ones were able to hold onto it when Dot.com busted. Then another runup to 07' then whamo............down 50% or so.

No rich person actually pays that 40%, dupe. Same way the EFFECTIVE corporate rate is 12%.

 

[francoHFW]

And hedge fund billionaires pay NOTHING. A GOP disgrace.

 

[Ray From Cleveland]

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

some of your links don't work anymore. I don't know why the 1% is reportedly getting more of the "pie" as you say? or why the American workforce is getting less of the "pie". some of it might be dumbing down of America? is that all they are worth? Nobody taking those high pay welding, electrician, plumber jobs because they think you need a 4 year degree in African studies or Physical Ed.

don't ask me. They need to put on a belt and get out there and get ya' sum o' dat' pie beatch.

You have to understand the liberal mentality.

Liberals believe we live in a bubble. In our bubble, there is only so much money. That means if one has too much, it's responsible for others having too little.

Of course there is no truth to this at all. But it's what they are told to believe.

The truth is that in our country, money is endless. It's up to the individual to determine how much money they desire. If government took half of all the money millionaires and billionaires have, it wouldn't do the working man one bit of good. All it would do is make government richer.

But as long as liberals believe this, they will always blame our economic woes on the rich people. The real problem is they don't understand that the more you work, the more money you can make.

Only RWers believe that bs...so all this happened because Dems got lazy? lol

The Demise of the American Middle Class In Numbers.

Over the past 30 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--December 10, 2015
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Well then maybe you shouldn't be blaming somebody that died over 11 years ago and was out of power for over 25 years. If you ever looked through the internet for something besides kiddy porn, you would realize that most of our jobs (since Reagan) have been replaced by automation. In fact, McDonald's ordered over 70,000 touch pads for customers recently. They are not alone.

Soon all of our fast food will be prepared by machines just like many of our manufactured goods. Do you go to a grocery store or does your mother do it for you? Try it sometime and look at all the self-serve checkouts. Go to your gas station. Do you see any full-service islands there anymore like you did in the 60's and 70's?

Here, why don't you try some education for a change. Here is a dated article from a Doctor of economics--Walter Williams:

"There's great angst over the loss of manufacturing jobs. The number of U.S. manufacturing jobs has fallen, and it's mainly a result of technological innovation, and it's a worldwide phenomenon. Daniel W. Drezner, professor of political science at the University of Chicago, in "The Outsourcing Bogeyman" (Foreign Affairs, May/June 2004), notes that U.S. manufacturing employment between 1995 and 2002 fell by 11 percent. Globally, manufacturing job loss averaged 11 percent. China lost 15 percent of its manufacturing jobs, 4.5 million manufacturing jobs compared with the loss of 3.1 million in the U.S. Job loss is the trend among the top 10 manufacturing countries who produce 75 percent of the world's manufacturing output (the U.S., Japan, Germany, China, Britain, France, Italy, Korea, Canada and Mexico).


But guess what — globally, manufacturing output rose by 30 percent during the same period. According to research by the Federal Reserve Bank of St. Louis, U.S. manufacturing output increased by 100 percent between 1987 and today. Technological progress and innovation is the primary cause for the decrease in manufacturing jobs. Should we save manufacturing jobs by outlawing labor-saving equipment and technology?"

Walter Williams

 

[francoHFW]

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

some of your links don't work anymore. I don't know why the 1% is reportedly getting more of the "pie" as you say? or why the American workforce is getting less of the "pie". some of it might be dumbing down of America? is that all they are worth? Nobody taking those high pay welding, electrician, plumber jobs because they think you need a 4 year degree in African studies or Physical Ed.

don't ask me. They need to put on a belt and get out there and get ya' sum o' dat' pie beatch.

You have to understand the liberal mentality.

Liberals believe we live in a bubble. In our bubble, there is only so much money. That means if one has too much, it's responsible for others having too little.

Of course there is no truth to this at all. But it's what they are told to believe.

The truth is that in our country, money is endless. It's up to the individual to determine how much money they desire. If government took half of all the money millionaires and billionaires have, it wouldn't do the working man one bit of good. All it would do is make government richer.

But as long as liberals believe this, they will always blame our economic woes on the rich people. The real problem is they don't understand that the more you work, the more money you can make.

Only RWers believe that bs...so all this happened because Dems got lazy? lol

The Demise of the American Middle Class In Numbers.

Over the past 30 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--December 10, 2015
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Well then maybe you shouldn't be blaming somebody that died over 11 years ago and was out of power for over 25 years. If you ever looked through the internet for something besides kiddy porn, you would realize that most of our jobs (since Reagan) have been replaced by automation. In fact, McDonald's ordered over 70,000 touch pads for customers recently. They are not alone.

Soon all of our fast food will be prepared by machines just like many of our manufactured goods. Do you go to a grocery store or does your mother do it for you? Try it sometime and look at all the self-serve checkouts. Go to your gas station. Do you see any full-service islands there anymore like you did in the 60's and 70's?

Here, why don't you try some education for a change. Here is a dated article from a Doctor of economics--Walter Williams:

"There's great angst over the loss of manufacturing jobs. The number of U.S. manufacturing jobs has fallen, and it's mainly a result of technological innovation, and it's a worldwide phenomenon. Daniel W. Drezner, professor of political science at the University of Chicago, in "The Outsourcing Bogeyman" (Foreign Affairs, May/June 2004), notes that U.S. manufacturing employment between 1995 and 2002 fell by 11 percent. Globally, manufacturing job loss averaged 11 percent. China lost 15 percent of its manufacturing jobs, 4.5 million manufacturing jobs compared with the loss of 3.1 million in the U.S. Job loss is the trend among the top 10 manufacturing countries who produce 75 percent of the world's manufacturing output (the U.S., Japan, Germany, China, Britain, France, Italy, Korea, Canada and Mexico).


But guess what — globally, manufacturing output rose by 30 percent during the same period. According to research by the Federal Reserve Bank of St. Louis, U.S. manufacturing output increased by 100 percent between 1987 and today. Technological progress and innovation is the primary cause for the decrease in manufacturing jobs. Should we save manufacturing jobs by outlawing labor-saving equipment and technology?"

Walter Williams

"Well then maybe you shouldn't be blaming somebody that died over 11 years ago and was out of power for over 25 years". His policies and tax rates, defended to the death by the GOP DUH.

 

[Ray From Cleveland]

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

some of your links don't work anymore. I don't know why the 1% is reportedly getting more of the "pie" as you say? or why the American workforce is getting less of the "pie". some of it might be dumbing down of America? is that all they are worth? Nobody taking those high pay welding, electrician, plumber jobs because they think you need a 4 year degree in African studies or Physical Ed.

don't ask me. They need to put on a belt and get out there and get ya' sum o' dat' pie beatch.

You have to understand the liberal mentality.

Liberals believe we live in a bubble. In our bubble, there is only so much money. That means if one has too much, it's responsible for others having too little.

Of course there is no truth to this at all. But it's what they are told to believe.

The truth is that in our country, money is endless. It's up to the individual to determine how much money they desire. If government took half of all the money millionaires and billionaires have, it wouldn't do the working man one bit of good. All it would do is make government richer.

But as long as liberals believe this, they will always blame our economic woes on the rich people. The real problem is they don't understand that the more you work, the more money you can make.

Only RWers believe that bs...so all this happened because Dems got lazy? lol

The Demise of the American Middle Class In Numbers.

Over the past 30 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
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--December 10, 2015
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Well then maybe you shouldn't be blaming somebody that died over 11 years ago and was out of power for over 25 years. If you ever looked through the internet for something besides kiddy porn, you would realize that most of our jobs (since Reagan) have been replaced by automation. In fact, McDonald's ordered over 70,000 touch pads for customers recently. They are not alone.

Soon all of our fast food will be prepared by machines just like many of our manufactured goods. Do you go to a grocery store or does your mother do it for you? Try it sometime and look at all the self-serve checkouts. Go to your gas station. Do you see any full-service islands there anymore like you did in the 60's and 70's?

Here, why don't you try some education for a change. Here is a dated article from a Doctor of economics--Walter Williams:

"There's great angst over the loss of manufacturing jobs. The number of U.S. manufacturing jobs has fallen, and it's mainly a result of technological innovation, and it's a worldwide phenomenon. Daniel W. Drezner, professor of political science at the University of Chicago, in "The Outsourcing Bogeyman" (Foreign Affairs, May/June 2004), notes that U.S. manufacturing employment between 1995 and 2002 fell by 11 percent. Globally, manufacturing job loss averaged 11 percent. China lost 15 percent of its manufacturing jobs, 4.5 million manufacturing jobs compared with the loss of 3.1 million in the U.S. Job loss is the trend among the top 10 manufacturing countries who produce 75 percent of the world's manufacturing output (the U.S., Japan, Germany, China, Britain, France, Italy, Korea, Canada and Mexico).


But guess what — globally, manufacturing output rose by 30 percent during the same period. According to research by the Federal Reserve Bank of St. Louis, U.S. manufacturing output increased by 100 percent between 1987 and today. Technological progress and innovation is the primary cause for the decrease in manufacturing jobs. Should we save manufacturing jobs by outlawing labor-saving equipment and technology?"

Walter Williams

"Well then maybe you shouldn't be blaming somebody that died over 11 years ago and was out of power for over 25 years". His policies and tax rates, defended to the death by the GOP DUH.

And you don't understand that somebody so far from power has nothing to do with today. Duh.

 

[ShootSpeeders]

Yup, no one discriminates against blacks. lol

Thanks to affirmative action, blacks get nothing but special treatment. And yet they're still failures. You cite that as proof of racism by whites but everyone knows the real reason. Blacks are mentally inferior and the evidence is overwhelming.

 

[paulitician]

It's always been about 'Getting Whitey' for him. Anyone with common sense understands that. He fucked the country just so he could feel that he got some revenge on Whitey. He's a piece of shite. It is what it is.

Racist dupe of the greedy idiot megarich.^^

Just the truth. He's been on a crusade to get Whitey most of his life. Now he feels content he's achieved revenge on Whitey. So what he fucked the country, as long as he fucked Whitey, everything's great. He's just a petty hateful racist.

The sooner he's gone, the better off the country will be. He's done so much damage. Now we're only left with hoping & praying his damage can be repaired.