Tag Archives: Reagan

I’m Shrinking!

Yes, the middle class has been disappearing.  It started with the Reagan years when the tax code was written with breaks for specific companies.  Some corporations received huge tax breaks while others had their taxes increased.  It was described as “trickle down” economics which actually started to gush money to the top 5% of Americans.  At the same time, the middle class, ever so slightly, began to diminish.

The economy had ups and downs over the years following the Reagan bandits (Savings and Loan bailouts) while the middle class continued to lose ground.  During his presidency, George H. W. Bush made an announcement that we are now a “global economy”.

Next came NAFTA which was signed into law by President Bill Clinton.  The idea of NAFTA was born during the George H.W. Bush years and it was Ross Perot that brought the voters attention to NAFTA and “the sucking sound” of jobs leaving this country.  President Bill Clinton signed NAFTA into law and American companies began building factories in Mexico.  This creation of manufacturing jobs in Mexico gave Mexicans the opportunity to earn a living wage.  Over the years, these same corporations that provided a living wage kept lowering the wages of Mexicans to the point where jobs in Mexico are now poverty jobs in sweat shops.  This decrease in income has fueled the drug cartels and has increased violent crime along the Mexican border.  That’s a story for another time.

So far, we have special tax breaks for specific corporations and NAFTA.  Then in the year 2000, the US Supreme Court appointed the rich man’s tool as president, George W. Bush.  His appointment accelerated the loss of jobs by providing tax incentives for corporations to send jobs overseas.  How unAmerican and unpatriotic.  The Bush administration also lowered taxes for the top 5% of Americans, the very rich, while keeping taxes high for middle class Americans.  Along with two wars, the Bush tax cuts created a huge Government deficit at the expense of middle class Americans.  Since the birth of Reaganomics, the wages of the middle class have slowly declined or remained stagnant.

Here are 22 statistics proving the decline of the middle class…

#1) According to a poll taken in 2009, 61 percent of Americans “always or usually” live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.

#2) The number of Americans with incomes below the official poverty line rose by about 15% between 2000 and 2006, and by 2008 over 30 million U.S. workers were earning less than $10 per hour.

#3) According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

#4) According to that same poll, 36 percent of Americans say that they don’t contribute anything to retirement savings.

#5) A staggering 43 percent of Americans have less than $10,000 saved up for retirement.

#6) According to one new survey, 24% of American workers say that they have postponed their planned retirement age in the past year.

#7) Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.

#8) Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#9) For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

#10) In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1.  Since the year 2000, that ratio has exploded to between 300 to 500 to one.

Read more and all the supporting data here

The negative effects of the Bush years washed over from 2008 into 2009.  It took eight years to destroy our economy and it will take at least eight years if not more to repair the damage done by the Bush administration.

President Obama’s stimulus package included a reduction in taxes for 95% of Americans.  As a member of this 95% grouping, I received a tax refund this year, the first one in many years.  My taxes increased during the Reagan years and this is my first tax break since then.

Trickle down economics is a joke on the American people.  It only increases the income for the top 5% while the rest of us struggle.

One more thing about the George W. Bush years, job creation remained stagnant.  For the first time in over 20 years, there were no job increases.  As a matter of fact, by the end of the Bush years, the job losses were on the rise and at the same time, the rich continued to get richer.

What is the Republican plan for job creation?  The Republicans still stand by their “trickle down” economics theory and they insist on continuing tax breaks for the rich while at the same time providing no tax breaks for the middle class.  If given the opportunity, the Republicans would repeal the Obama tax breaks for the middle class.  Don’t be fooled by their rhetoric because Republicans don’t have the welfare of the middle class in mind when they speak.  It’s all about Wall Street, big banks and corporations with them.

Trickle down economics… how is that working for you?  It’s working for the quitter, Sarah Palin and the cult leader Glenn Beck.  It’s not working for their followers and their followers are like the Branch Davidians or Heaven’s Gate.  They will do anything that their leaders, Beck and Palin, tell them to do, just like puppets on a string.  These money machines (Beck and Palin) are only interested in increasing their income, not yours.

On Becoming A Poor Nation

Let’s face the facts.  Our local governments are in a financial crises.   With the loss of jobs, comes a decrease in State income tax revenues.  Smaller State revenues means that there is less money to help struggling cities and towns.  Add to this, the decrease in sales tax revenues that are the result of less purchasing power, and we have a State going bankrupt.  Now, multiple this by the number of States near bankruptcy and we have a nation of the edge of becoming a third world country.

As States become poorer, they need to make cuts to their spending.  One of the many areas where they choose to make cuts is in funding for education.  That means that our children suffer by not receiving a full education.  Poor education will not help these children when they become adults because they won’t be able to find a job that pays a living wage or better.  Ignorance is NOT bliss.  It leads to poverty.  The greater the poverty, the closer we are to becoming a third world country.

Even though only about 10% of Americans are heavily invested in stocks and bonds, our economy is driven by the DOW.  In order to grow, we need an economy based on jobs that produce goods.  Our nation has been slowly losing its goods based economy.  Instead, our economy is based on market gambling.  There is no bartering for goods and services in this country.  We can’t “take a chicken to the doctor” because banks won’t accept chickens as mortgage payments from the doctor.  (I’m curious about this “chicken”.  Is is a live chicken or a dead chicken?)

Do you see the pattern?  It a vicious cycle, one that Republicans claim can only be fixed by cutting taxes which decrease revenues.   Understand, the taxes that get cut are the taxes to the richest 1% of Americans and the services that get cut are the services needed by the other 90%.  The Republicans and Tea Partiers support Reagan economics.  It was during Ronald Reagan’s presidency, when the decline in the middle working class started.

The bottom line is this… we need jobs based on goods that pay a living wage or better so that the States and local municipalities can collect the revenue needed to keep our governments functioning.   This includes ample money for police, firefighters, educators, libraries and infrastructure repair and maintenance.  More tax cuts for the rich will not produce jobs and will not bring in more revenue.  Instead, it starves the masses.

One question before I end this thread, how is that “trickle down” economics working for you?

Real Americans vs Real Americans

That’s right, you read that correctly.  We live in a strongly divided nation.  One where Americans hate other Americans.  Timothy McVeigh, the terrorist, bombed the Alfred P. Murrah building in Oklahoma killing 169 Americans which included seniors and little children and he felt no remorse.

In took weeks of sorting through debris to find the victims. In all, 168 people were killed in the explosion, which included 19 children. One nurse was also killed during the rescue operation.

Recently, Scott Roeder, believed it was perfectly acceptable to walk into a church and shoot another American because he hated him.  Mr. Roeder did not know the man he killed.  He never even met this man until he faced him with a gun.   Jim David Adkisson walked into a church in Tennessee and started shooting because he hated liberals.  Mr. Adkisson was encouraged to hate liberals by the authors of books that he read.

The media gives us Glenn Beck, Rush Limbaugh, Sean Hannity, Michelle Malkin, Ann Coulter and Bill O’Reilly.  All of these people preach the hatred of other Americans, especially liberal Americans.  Some have even gone as far as suggesting that Supreme Court Justices be murdered and promoted the poisoning of the Speaker of the House.  This isn’t just freedom of speech.  This is promoting violence.  This is pitting Americans against Americans and it isn’t humor or funny.

Where did all this hate other Americans begin?  It started with Ronald Reagan and his designating liberal as a dirty word and lying about poor people on welfare driving Cadillacs.  Yes indeed, Ronald Reagan loved to divide this nation into the conservatives that were real Americans and that other group known as the liberals.  Reagan preached that the 11th commandment was to never speak ill of another Republican but it was certainly acceptable to trash non-Republicans.   What is really disturbing about Reagan’s words is that he was President of the United States which includes every American and not just Republicans.  Rush Limbaugh is an admirer of Ronald Reagan and Rush is always telling Americans to hate other Americans.  He even went as far as stating that he hopes America fails at a time when Americans need to pull together.  Ann Coulter has gone as far as stating that college liberals should be beaten up and pushed around.

“When contemplating college liberals, you really regret once again that John Walker is not getting the death penalty. We need to execute people like John Walker in order to physically intimidate liberals, by making them realize that they can be killed, too. Otherwise, they will turn out to be outright traitors.”

Many Americans are out of work, lack health insurance and are at risk of losing their homes, yet the media keeps tearing this country apart by providing the disciples of hate a platform from which they can preach their hate.

It seems like the real enemy is within our own nation.  When we pledge allegiance to America, we say “one nation…, indivisable… “.  Our military fights and defends this one nation.  If can’t learn to live together and accept each other, then we will become our own worst enemies.

“We can agree to disagree without being disagreeable.” – Barack Obama

Republicans Cannot Play Fair

Thom Hartmann discussed the Johnson tapes where President Johnson discusses the treason committed by Richard Nixon.  Reagan, Bush, Cheney, and Rove have modeled their presidencies after President Richard Nixon who may have been the most the president with the most despicable character, ever.   Bush still remains the worst.

Johnson tapes from RealNews

Part 1

Part 2

Why does it take the Internet to present the truth?  WTF is wrong with our media?

Pssst…, do something… add these videos to your blog or email to friends.

Would John McCain Lie To You?

From ProfMTH

When it comes to his self-confessed ignorance of economics and statements he’s made about taxes, the answer is “yes, he lies quite regularly.” In fact, it’s pretty much impossible to know when he’s telling the truth.

Links:

Piece on John McCain from “The Wall Street Journal” that is quoted in the video:

http://www.opinionjournal.com/editori…

John McCain saying he doesn’t know where the above-referenced quotation comes from:

http://www.youtube.com/watch?v=bogh_s…

Clips from “The Real John McCain”:

http://www.youtube.com/watch?v=GEtZlR…

Roger Simon’s brilliantly scathing piece on Politico.com entitled “Why the Media Should Apologize”:

http://www.politico.com/news/stories/…

Fox News pointing out that under Governor Sarah Palin, Alaska sought and obtained more federal money for pork barrel projects per capita than any other state in the union, and that it was the Democratic Congress that killed the so-called “Bridge to Nowhere”, not Governor Palin who refused it:

http://www.youtube.com/watch?v=hG7WGV…

http://thinkprogress.org/2008/09/07/p…

When *even* Fox News is calling John McCain a liar, you gotta know things are bad for McCain:

http://www.alternet.org/blogs/peek/97…

For those interested in the very latest polling data, including the most important thing in an American presidential election — the state of the Electoral College map — the following site can’t be beat:

http://www.pollster.com/