Middle Class Having ‘Worst Decade In Modern History’ ( Archived) (11)

Aug 23, 2012 3:47 PM CST Middle Class Having ‘Worst Decade In Modern History’
IamTab
IamTabIamTabCookeville, Tennessee USA77 Threads 341 Posts


WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.

The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”
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Aug 23, 2012 3:49 PM CST Middle Class Having ‘Worst Decade In Modern History’
Boban1
Boban1Boban1bigplace, Central Serbia Serbia144 Threads 5 Polls 18,789 Posts
So, when are the elections
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Aug 23, 2012 3:53 PM CST Middle Class Having ‘Worst Decade In Modern History’
IamTab
IamTabIamTabCookeville, Tennessee USA77 Threads 341 Posts
Boban1: So, when are the elections


With things so bad it can't come soon enough for me.
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Aug 23, 2012 3:59 PM CST Middle Class Having ‘Worst Decade In Modern History’
IamTab: http://washington.cbslocal.com/2012/08/23/study-middle-class-having-worst-decade-in-modern-history/

WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.

The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”


The war on the middle class has gone on for at least the last 30 years, and it not likely to dissipate any time soon. The rich get richer, and the poor get poorer. Same old story.
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Aug 24, 2012 9:09 PM CST Middle Class Having ‘Worst Decade In Modern History’
Dadude62
Dadude62Dadude62Elkton, Maryland USA1,120 Posts
IamTab: http://washington.cbslocal.com/2012/08/23/study-middle-class-having-worst-decade-in-modern-history/

WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.

The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”


So you acknowledge that this decline was going on before Obama came along?
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Aug 24, 2012 9:11 PM CST Middle Class Having ‘Worst Decade In Modern History’
Dadude62
Dadude62Dadude62Elkton, Maryland USA1,120 Posts
HuggerMan4U: The war on the middle class has gone on for at least the last 30 years, and it not likely to dissipate any time soon. The rich get richer, and the poor get poorer. Same old story.


Yes it started with Reagans "supply side, trickle down" economics.
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Aug 24, 2012 10:50 PM CST Middle Class Having ‘Worst Decade In Modern History’
IamTab
IamTabIamTabCookeville, Tennessee USA77 Threads 341 Posts
Dadude62: Yes it started with Reagans "supply side, trickle down" economics.


Hell no! It started in 1913 with the crook banksters in the late 1800's and really started in earnest with Unfederal Reserve and income taxes in 1913. Some work against the system of crooks when and where they can but the problem is that O is 100% their puppet and accelerating the crooks agenda many fold.
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Aug 26, 2012 9:53 AM CST Middle Class Having ‘Worst Decade In Modern History’
IgorFrankensteen
IgorFrankensteenIgorFrankensteenSpringfield, Virginia USA63 Posts
I think it's more complicated by far than who has been President. I myself blame it on a combination of post-ww2 abuses by both business leaders and unions, and was and is being made VASTLY worse, by the "Business Science" majors / "it's all about bean counting" people being put in charge of EVERYTHING.

As long as both political parties continue to pretend that playing games with accounting rules and regulations is more important than reality, things will just get worse.
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Aug 26, 2012 10:41 AM CST Middle Class Having ‘Worst Decade In Modern History’
WhatUwish4
WhatUwish4WhatUwish4St. Augustine, Florida USA2 Threads 7,986 Posts
Dadude62: So you acknowledge that this decline was going on before Obama came along?


There have been too many ups and downs over the years to pigeon-hole everything into one nice big theory. But recent statistics from the government show unquestionably is that virtually ALL groups and worse off since the day Obama was inaugurated. Not the day before, not the year before...since the day he came into office.

Five trillion in additional debt and we are all worse off than when he spent it.
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Aug 26, 2012 10:42 AM CST Middle Class Having ‘Worst Decade In Modern History’
WhatUwish4
WhatUwish4WhatUwish4St. Augustine, Florida USA2 Threads 7,986 Posts
IgorFrankensteen: I think it's more complicated by far than who has been President. I myself blame it on a combination of post-ww2 abuses by both business leaders and unions, and was and is being made VASTLY worse, by the "Business Science" majors / "it's all about bean counting" people being put in charge of EVERYTHING.

As long as both political parties continue to pretend that playing games with accounting rules and regulations is more important than reality, things will just get worse.


Agreed thumbs up
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Aug 26, 2012 11:05 AM CST Middle Class Having ‘Worst Decade In Modern History’
agman
agmanagmanEagle, Idaho USA3,145 Posts
Come on folks the rich are losing money faster than the middle
class. Lets fix this more pressing problem. uh oh
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