I find myself in an odd position defending Reagan of all people given my own political leanings but here is a link that shows the median household income over several decades adjusted for inflation. From 1981 when Reagan came to office until 1989 when he left office median inflation adjusted household income went up from $47,658 to $53,306 which represents an increase of just under 12%. From 1993 to 2001 under Clinton the comparable numbers were $50,421 to $56466 - an increase of just under 15%. Under Obama for the years that the information is available income from 2009 to 2014 went DOWN from $54,925 to $53657. What has devastated the average American has been the shift of jobs to other countries - something that both parties have had a role in implementing with trade agreements. Is it any wonder that Trump has managed to tap into this discontent because the establishment candidates want to continue the same policy. I don't know what Trump can do to reverse this trend - maybe nothing significant. But the erosion of middle class income cannot be laid at the door of Reagan. http://www.davemanuel.com/median-household-income.php |
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Trade agreements did not cause the decrease of median household income.
http://www.nationalreview.com/article/433575/trade-jobs-free-trade-hurting-american-economy |
Nothing you wrote here refutes my post. Some people did VERY well under Reagan. Your Mitt Romney types who got into management consulting and private equity got filthy rich breaking up and restructuring businesses that pushed upper incomes way up while pushing wages down. Then there were all those SEC scandals, savings and loans schemes - it was a real heyday if you had money to play. Reagan's success with union-busting pulled any leverage that workers had right out from under them, and that set the table for trade deals in the 90s. It's the reason so many in the Rust Belt are fighting for any ol crappy job they can get, even if it's one that kills them. |
If popular vote determined the election, candidates would only campaign in New York and Cailfornia. |
| Kanye's insane and no one cares about Jim Brown. I need to research that Bill Gates quote. |
Algorithms have taken more jobs than other countries. |
+1,000,000 Best post I've seen in days. |
Her thesis wasn't critical of his goals or his "rules for radicals." Rather, she criticized his preference for antagonizing government as a tactic, and instead, sought to bring about his goals from within government itself. Read this link: https://en.m.wikipedia.org/wiki/Hillary_Rodham_senior_thesis |
Sock puppeting much? |
New Yorkers are obnoxious, but I'm not ready to throw them out of the Union. |
I don't deny that there were those who made a bundle in the Reagan years as they did in the Clinton years and under subsequent presidents. My point is that the Reagan years showed upside in median family income which includes that earned by some in the Rust Belt. |