francoHFW
Diamond Member
I have but I am talking about Fox and Internet conspiracy nuts et cetera that I think is where most of the dupes get their news the other two are more insidious but I haven't watched them enough to really have any examples at the moment. But Fach gave a lot of people the impression that vaccines the election fauci biden honesty were all frauds etc etc. Pathetic garbage totally discredited extremely divisive hateful anti-american crap.Interesting how lest loons often insult GOP media as "propaganda", but rarely eer cite what specific reports they think are propaganda.
Most have never watched Newsmax, OAN, or other conservative media.
Your list adds up to the one reason poverty and racism systematic.... Actually 70% of jobs are produced by small business and the rich are just shuffling their dividends and papers around. And designing 500 foot yachts. You have no clue how unequal our society has become the last 40 years. Google the demise of the middle class facts leftNaw, those things have other more mundane causes: crime, drugs, lack of education, illegitimacy, sloth, poor judgment, mental illness, etc.
The rich create jobs and opportunities. We need more of that.
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 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
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 = Prudent Bear Fund
4 = The Fed - Financial Accounts of the United States - Z.1 - Current Release
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-r
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