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the right keeps denying the middle class is getting screwed. THEN,
when they DO admit we have a problem, they blame the middle class. now comes m ore proof the middle class is being raped by the wealthy: http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html The slow economic strangulation of the Freemans and millions of other middle-class Americans started long before the Great Recession, which merely exacerbated the “personal recession” that ordinary Americans had been suffering for years. Dubbed “median wage stagnation” by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 – having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation. Over the same period the incomes of the top 1 per cent have tripled. In 1973, chief executives were on average paid 26 times the median income. Now the *multiple is above 300. The trend has only been getting stronger. Most economists see the Great Stagnation as a structural problem – meaning it is immune to the business cycle. In the last expansion, which started in January 2002 and ended in December 2007, the median US household income dropped by $2,000 – the first ever instance where most Americans were worse off at the end of a cycle than at the start. Worse is that the long era of stagnating incomes has been accompanied by something profoundly un-American: declining income mobility. Then there are those, such as Paul Krugman, The New York Times columnist and Nobel prize winner, who blame it on politics, notably the conservative backlash which began when Ronald Reagan came to power in 1980, and which sped up the decline of unions and reversed the most progressive features of the US tax system. Fewer than a tenth of American private sector workers now belong to a union. People in Europe and Canada are subjected to the same forces of globalisation and technology. But they belong to unions in larger numbers and their healthcare is publicly funded. More than half of household bankruptcies in the US are caused by a serious *illness or accident --------------- middle class DECLINING in income FEWER UNIONS notice a pattern here? aided and abetted by right wing mythology about the 'american dream' and the infallibility of the rich... |
#2
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On Aug 2, 4:00*pm, bpuharic wrote:
the right keeps denying the middle class is getting screwed. THEN, when they DO admit we *have a problem, they blame the middle class. now comes m ore proof the middle class is being raped by the wealthy: http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html The slow economic strangulation of the Freemans and millions of other middle-class Americans started long before the Great Recession, which merely exacerbated the “personal recession” that ordinary Americans had been suffering for years. Dubbed “median wage stagnation” by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 – having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation. Over the same period the incomes of the top 1 per cent have tripled. In 1973, chief executives were on average paid 26 times the median income. Now the *multiple is above 300. The trend has only been getting stronger. Most economists see the Great Stagnation as a structural problem – meaning it is immune to the business cycle. In the last expansion, which started in January 2002 and ended in December 2007, the median US household income dropped by $2,000 – the first ever instance where most Americans were worse off at the end of a cycle than at the start. Worse is that the long era of stagnating incomes has been accompanied by something profoundly un-American: declining income mobility. Then there are those, such as Paul Krugman, The New York Times columnist and Nobel prize winner, who blame it on politics, notably the conservative backlash which began when Ronald Reagan came to power in 1980, and which sped up the decline of unions and reversed the most progressive features of the US tax system. Fewer than a tenth of American private sector workers now belong to a union. People in Europe and Canada are subjected to the same forces of globalisation and technology. But they belong to unions in larger numbers and their healthcare is publicly funded. More than half of household bankruptcies in the US are caused by a serious *illness or accident --------------- middle class DECLINING in income FEWER UNIONS notice a pattern here? aided and abetted by right wing mythology about the 'american dream' and the infallibility of the rich... Bob, the middle class has been screwed for over 200 years. An interesting documentary: http://www.lifeontheedgeofabubble.com/ |
#3
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posted to rec.boats
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On Mon, 2 Aug 2010 14:47:09 -0700 (PDT), Tim
wrote: On Aug 2, 4:00*pm, bpuharic wrote: the right keeps denying the middle class is getting screwed. THEN, when they DO admit we *have a problem, they blame the middle class. now comes m ore proof the middle class is being raped by the wealthy: middle class DECLINING in income FEWER UNIONS notice a pattern here? aided and abetted by right wing mythology about the 'american dream' and the infallibility of the rich... Bob, the middle class has been screwed for over 200 years. An interesting documentary: http://www.lifeontheedgeofabubble.com/ aint that the truth... |
#4
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posted to rec.boats
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bpuharic wrote:
the right keeps denying the middle class is getting screwed. THEN, when they DO admit we have a problem, they blame the middle class. now comes m ore proof the middle class is being raped by the wealthy: http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html The slow economic strangulation of the Freemans and millions of other middle-class Americans started long before the Great Recession, which merely exacerbated the “personal recession” that ordinary Americans had been suffering for years. Dubbed “median wage stagnation” by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 – having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation. Over the same period the incomes of the top 1 per cent have tripled. In 1973, chief executives were on average paid 26 times the median income. Now the *multiple is above 300. The trend has only been getting stronger. Most economists see the Great Stagnation as a structural problem – meaning it is immune to the business cycle. In the last expansion, which started in January 2002 and ended in December 2007, the median US household income dropped by $2,000 – the first ever instance where most Americans were worse off at the end of a cycle than at the start. Worse is that the long era of stagnating incomes has been accompanied by something profoundly un-American: declining income mobility. Then there are those, such as Paul Krugman, The New York Times columnist and Nobel prize winner, who blame it on politics, notably the conservative backlash which began when Ronald Reagan came to power in 1980, and which sped up the decline of unions and reversed the most progressive features of the US tax system. Fewer than a tenth of American private sector workers now belong to a union. People in Europe and Canada are subjected to the same forces of globalisation and technology. But they belong to unions in larger numbers and their healthcare is publicly funded. More than half of household bankruptcies in the US are caused by a serious *illness or accident --------------- middle class DECLINING in income FEWER UNIONS notice a pattern here? aided and abetted by right wing mythology about the 'american dream' and the infallibility of the rich... No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. |
#5
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posted to rec.boats
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On Tue, 03 Aug 2010 20:27:40 -0400, Larry wrote:
bpuharic wrote: Then there are those, such as Paul Krugman, The New York Times columnist and Nobel prize winner, who blame it on politics, notably the conservative backlash which began when Ronald Reagan came to power in 1980, and which sped up the decline of unions and reversed the most progressive features of the US tax system. Fewer than a tenth of American private sector workers now belong to a union. People in Europe and Canada are subjected to the same forces of globalisation and technology. But they belong to unions in larger numbers and their healthcare is publicly funded. More than half of household bankruptcies in the US are caused by a serious *illness or accident --------------- middle class DECLINING in income FEWER UNIONS notice a pattern here? aided and abetted by right wing mythology about the 'american dream' and the infallibility of the rich... No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. really? obviously you didnt read the chart. but, then, being right wing i'm amazed you read anything but dr. suess. http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html http://andrewsullivan.theatlantic.co...the-day-6.html |
#6
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posted to rec.boats
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bpuharic wrote:
On Tue, 03 Aug 2010 20:27:40 -0400, wrote: bpuharic wrote: Then there are those, such as Paul Krugman, The New York Times columnist and Nobel prize winner, who blame it on politics, notably the conservative backlash which began when Ronald Reagan came to power in 1980, and which sped up the decline of unions and reversed the most progressive features of the US tax system. Fewer than a tenth of American private sector workers now belong to a union. People in Europe and Canada are subjected to the same forces of globalisation and technology. But they belong to unions in larger numbers and their healthcare is publicly funded. More than half of household bankruptcies in the US are caused by a serious *illness or accident --------------- middle class DECLINING in income FEWER UNIONS notice a pattern here? aided and abetted by right wing mythology about the 'american dream' and the infallibility of the rich... No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. really? obviously you didnt read the chart. but, then, being right wing i'm amazed you read anything but dr. suess. http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html http://andrewsullivan.theatlantic.co...the-day-6.html It's all bull****. You failed in life so you have to search to find anything you can to make you feel better. |
#7
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posted to rec.boats
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On Wed, 04 Aug 2010 20:18:39 -0400, Larry wrote:
bpuharic wrote: On Tue, 03 Aug 2010 20:27:40 -0400, wrote: No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. really? obviously you didnt read the chart. but, then, being right wing i'm amazed you read anything but dr. suess. http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html http://andrewsullivan.theatlantic.co...the-day-6.html It's all bull****. You failed in life so you have to search to find anything you can to make you feel better. gee. so i destroyed the middle class over the course of 37 years to explain why i'm a failure christ...do you read the paranoid bull**** you write? i notice you said zip....nothing...nada...about the evidence.. personal attacks is what you right wingers function on... |
#8
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posted to rec.boats
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![]() "bpuharic" wrote in message ... On Wed, 04 Aug 2010 20:18:39 -0400, Larry wrote: bpuharic wrote: On Tue, 03 Aug 2010 20:27:40 -0400, wrote: No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. really? obviously you didnt read the chart. but, then, being right wing i'm amazed you read anything but dr. suess. http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html http://andrewsullivan.theatlantic.co...the-day-6.html It's all bull****. You failed in life so you have to search to find anything you can to make you feel better. gee. so i destroyed the middle class over the course of 37 years to explain why i'm a failure christ...do you read the paranoid bull**** you write? i notice you said zip....nothing...nada...about the evidence.. personal attacks is what you right wingers function on... You're a fine one to point out others personal attacks. |
#9
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posted to rec.boats
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On Wed, 4 Aug 2010 23:02:16 -0400, "D.Duck" wrote:
"bpuharic" wrote in message .. . On Wed, 04 Aug 2010 20:18:39 -0400, Larry wrote: bpuharic wrote: On Tue, 03 Aug 2010 20:27:40 -0400, wrote: No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. really? obviously you didnt read the chart. but, then, being right wing i'm amazed you read anything but dr. suess. http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html http://andrewsullivan.theatlantic.co...the-day-6.html It's all bull****. You failed in life so you have to search to find anything you can to make you feel better. gee. so i destroyed the middle class over the course of 37 years to explain why i'm a failure christ...do you read the paranoid bull**** you write? i notice you said zip....nothing...nada...about the evidence.. personal attacks is what you right wingers function on... You're a fine one to point out others personal attacks. there's one difference i base my conclusions on evidence you? you're a sheep. and sheep get slaughtered |
#10
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posted to rec.boats
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![]() "bpuharic" wrote in message ... On Wed, 4 Aug 2010 23:02:16 -0400, "D.Duck" wrote: "bpuharic" wrote in message . .. On Wed, 04 Aug 2010 20:18:39 -0400, Larry wrote: bpuharic wrote: On Tue, 03 Aug 2010 20:27:40 -0400, wrote: No raise is now 10% adjusted for inflation, liar? Treading water? They must have been drowning 37 years ago without that 10% increase. really? obviously you didnt read the chart. but, then, being right wing i'm amazed you read anything but dr. suess. http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html http://andrewsullivan.theatlantic.co...the-day-6.html It's all bull****. You failed in life so you have to search to find anything you can to make you feel better. gee. so i destroyed the middle class over the course of 37 years to explain why i'm a failure christ...do you read the paranoid bull**** you write? i notice you said zip....nothing...nada...about the evidence.. personal attacks is what you right wingers function on... You're a fine one to point out others personal attacks. there's one difference i base my conclusions on evidence you? you're a sheep. and sheep get slaughtered Judge and jury, 'eh? |
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