Wehrwolfen
Banned
- Joined
- May 11, 2013
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- Conservative
By Bob Campbell
July 25, 2013
In the past 30 years if you were in the top 1% economic class your inflation-adjusted incomes grew by 224%. The top 0.1% grew by 390%. In contrast, the bottom 90% struggled with only a 5% growth in incomes.[ref] Whoop-tee-do! A 5% increase over 30 years is pathetic!
According to the Credit Suisse's annual Global Wealth Data Book (When It Comes to the American Dream, the U.S. Ranks 27th in the World - DailyFinance) , America's middle class ranks 27th in the world. Are they serious? I thought the United States was the wealthiest country in the world.
The U.S. misery index (Global Wealth Distribution | The Big Picture) has reached its highest level since May, 1983. I remember the Carter years. The only thing missing today is the 18% interest rates. So how can the index be so high in the Obama years without double-digit interest rates? For starters, I remember having a job back then. Today, a lot of us don't have jobs, 50% of the population receives government checks, the population is aging, and the dollar has plummeted in value.
Read more:
Blog: Obama's Misery Index Approaches Carter Years
Welcome to Obama's Fundamental Transformation of America.
July 25, 2013
In the past 30 years if you were in the top 1% economic class your inflation-adjusted incomes grew by 224%. The top 0.1% grew by 390%. In contrast, the bottom 90% struggled with only a 5% growth in incomes.[ref] Whoop-tee-do! A 5% increase over 30 years is pathetic!
According to the Credit Suisse's annual Global Wealth Data Book (When It Comes to the American Dream, the U.S. Ranks 27th in the World - DailyFinance) , America's middle class ranks 27th in the world. Are they serious? I thought the United States was the wealthiest country in the world.
The U.S. misery index (Global Wealth Distribution | The Big Picture) has reached its highest level since May, 1983. I remember the Carter years. The only thing missing today is the 18% interest rates. So how can the index be so high in the Obama years without double-digit interest rates? For starters, I remember having a job back then. Today, a lot of us don't have jobs, 50% of the population receives government checks, the population is aging, and the dollar has plummeted in value.
Read more:
Blog: Obama's Misery Index Approaches Carter Years
Welcome to Obama's Fundamental Transformation of America.