http://www.weeklystandard.com/blogs/biden-middle-class-has-buried-last-four-years_653395.html
Who is Biden campaigning for?
Who is Biden campaigning for?
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Nekochan wrote:So you're voting for Obama? Really?
Nekochan wrote:Who then?
Nekochan wrote:Voting on principle. Good for you, I guess.
Margin Call wrote:Nekochan wrote:Voting on principle. Good for you, I guess.
Just wasting my vote along with all the Romney supporters!
Floridatexan wrote:
It would be nice to put the remarks in context. We know he meant to say the fallout from the Bush recession has "buried the middle class". I don't know very many Republicans who blame Bush for the economic mess. You mostly pretend that everything negative happened the exact minute Obama was sworn in, even though all the indicators were there as early as 2006.
VectorMan wrote:Floridatexan wrote:
It would be nice to put the remarks in context. We know he meant to say the fallout from the Bush recession has "buried the middle class". I don't know very many Republicans who blame Bush for the economic mess. You mostly pretend that everything negative happened the exact minute Obama was sworn in, even though all the indicators were there as early as 2006.
How do WE KNOW? LOL
Give us your inside knowledge of how Biden thinks and speaks.
Floridatexan wrote:
It would be nice to put the remarks in context. We know he meant to say the fallout from the Bush recession has "buried the middle class". I don't know very many Republicans who blame Bush for the economic mess. You mostly pretend that everything negative happened the exact minute Obama was sworn in, even though all the indicators were there as early as 2006.
othershoe1030 wrote:The only problem with Biden's statement was that he didn't go back far enough. If he'd said "decades" instead of just four year it would have made more sense.
The chart shows that the share of total income for the lower 50% of income earners has remained basically flat since 1980 up until 2008 BUT for the upper 50% has increased by a bit more than four fold.NaNook wrote:othershoe1030 wrote:The only problem with Biden's statement was that he didn't go back far enough. If he'd said "decades" instead of just four year it would have made more sense.
Do you know how to read your chart? What is the purpose of your chart?
Nekochan wrote:But the thing is, or at least it used to be, that just because you were in the very bottom of that blue section in 1980 doesn't mean you're still there in 2010. That is the beauty that is (was?) the USA that is uncommon in most other countries.
Nekochan wrote:So you're voting for Obama? Really?
Dreamsglore wrote:Nekochan wrote:So you're voting for Obama? Really?
So is more than half the country.
othershoe1030 wrote:Nekochan wrote:But the thing is, or at least it used to be, that just because you were in the very bottom of that blue section in 1980 doesn't mean you're still there in 2010. That is the beauty that is (was?) the USA that is uncommon in most other countries.
Great question/observation. Things are changing. Our mobility is not what it used to be.
Harder for Americans to Rise From Lower Rungs
By JASON DePARLE
Published: January 4, 2012
WASHINGTON — Benjamin Franklin did it. Henry Ford did it. And American life is built on the faith that others can do it, too: rise from humble origins to economic heights. “Movin’ on up,” George Jefferson-style, is not only a sitcom song but a civil religion.
But many researchers have reached a conclusion that turns conventional wisdom on its head: Americans enjoy less economic mobility than their peers in Canada and much of Western Europe. The mobility gap has been widely discussed in academic circles, but a sour season of mass unemployment and street protests has moved the discussion toward center stage.
http://www.nytimes.com/2012/01/05/us/harder-for-americans-to-rise-from-lower-rungs.html?pagewanted=all&_r=0
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