francoHFW
Diamond Member
- Sep 5, 2011
- 79,271
- 9,399
BS. See if you can figure out what caused the ruin of the nonrich here, dumbass dupe. And see sig last line.Why would you prefer for me to be silent, so you can take away my freedom of speech liberal. Such a democratic bully. Just like a terrorist throwing 5 year old tantrums. Is that how you verbally abuse your ladies like a jerk.We have the best economy in the world now.Sounds like the white man burdens of holding the black man down theory. Blame the white man Bush for Obama's black hardship troubles. It's the typical response of a irresponsible immature black man to point the finger and not take accountability. Blame game!O's debt is 80%+ bailing out victims of W's corrupt world depression, fool. STILL 300 billion/year. Great job, GOP.Obama 8 trillion dollar debt compared to $1.82 gas price, doesn't make up for 8 million unemployed eating crow soup. Not even a bitter sweet victoryNot one Obama hating wingnut predictor wants to yell about how Obama's rejection of Keystone pipeline and EPA abuses and his contempt for big oil was going to lead to $5 to $6 gasoline and destroy jobs and the economy.
Where are you?
Credit Card in Northern Virginia at $1.82.
National avg at $2.04 right now.
Obama's own tab:
ObamaCare’s cost is currently estimated at a net cost of $1.207 trillion dollars by 2025. Obama 1 trillion on welfare. Tab adding up.
...you said, "Bush" is the reason we are in this mess in the first place"...I thought Obama had it contained, handled? flip-flop, 8 yrs to get it right! Time up. Change! I want a refund. he didn't change shit but his tie.
...Reagan did it in 7, so what's the excuse. Excuses are like assholes, everybody has one. What's the point of being prez if you can't fix it? Fraud!
Obviously using a troll insult as in "moron" does nothing for your adolescent grammar school response. Its like throwing a tantrum when you don't have substantial intelligent presentation skills.
States who adopted Democratic Socialism Non-Marxist–Leninist doing poorly ranking
Kentucky
Kentucky – Median household income: $42,958 Poverty rate: 19.1%
Kentucky's 7.4% unemployment rate is still quite a bit higher than the rates of other states.
Vermont
Bernie Sanders own state as Senator Vermont top 10 worst economic in nation.
Rich States, Poor States - 2015 Economic Outlook
Mississippi – Median household income: $39,680 Poverty rate: 21.5%
New Mexico – Median household income: $44,803 Poverty rate: 21.3%
West Virginia – Median household income: $41,059 Poverty rate: 18.3%
Arkansas – Median household income: $41,262 Poverty rate: 18.9%
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 = 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 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-c...lity-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts