Pew Research provides numbers that say American workers have suffered sharp income decreases in the past ten years.
For example, in 2000, the percent of under 35 and over 65 in poverty had decreased to the lowest numbers of 15% and 12%. Poverty among those under 35 had decreased from 20% (after years of voodoo economics). Now that extremists have changed taxes and other economic parameters to 'fix' this economy, poverty among older Americans only decreased to 11%. While poverty of Americans under 35 has increased from 15% to 22%. Highest poverty numbers in 60 years.
Trickle down economics as been so successful that the average net worth of an American homeowner decreased 28% between 2005 and 2009 - during the end of the so called boom economy. Among those under 35, net worth decreased 55%.
Not only have the average Americans suffered as the expense of the rich. The under 35 Americans have never seen such massive income decreases.
Due to economic miracles created by extremists, in 2009, the average net worth of an American under 35 was only $3,662. Under 35 Americans with a net worth of zero or less was up to 37%. This was before the George Jr's voodoo economics caused increasing debt and unemployment. What do these wacko extremists advocate? "We want Obama to fail." Harming Americans under 35 works because those dumb enough to listen to Limbaugh (ie Tea Party) say these numbers are good. Yes. Economic numbers like this also brought the Nazi party to power.
During Clinton's time, the average income of an under 35 year old increased from $45K in 1992 to $55 in 1999. In 2009, an under 35 year old American only earned a decreased $49K. With inflation, $49K in 2009 was only $32K in 1992 or $38K in 1999. With inflation, real incomes of America's under 35 year olds have dropped about 30% since the days of Clinton. Or did our wacko extremists forget to first learn from the numbers?
Simplify those numbers into 1992 dollars. Under 35 year olds averaged $45K in 1992 dollars in 1992. And earned $47K 1992 dollars in 1999. By 2009, the average under 35 year olds in 2009 was only earning $32K 1992 dollars. Meanwhile, the richest American saw their incomes triple by something like 300%. Clearly wacko extremists economics is the perfect formula to make both Obama and America fail. Did TheMercenary et al forget to learn these numbers?
Pew is blunt about income disparity.
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In 1984, the age-based wealth gap had been 10:1. By 2009, it had ballooned to 47:1.
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We know that the world's worst recessions were preceded by increasing income disparity. Everyone knows income disparities between the richest and the average Americans preceded both great American recessions. Pew Research demonstrates that that increasing income disparities between older and younger Americans also indicates (or maybe promotes) recessions.
Welfare for the rich created jobs just as Limbaugh, Hannity, Fox News, and George Jr predicted. Cheney told us that Reagan proved that deficits don't matter. Therefore it must be true. Pew Research must be wrong. Wacko extremist economics clearly has been good for all Americans. A 30% decrease in incomes (with inflation) must be good.
Obama told us it would take at ten years to undo the disasters created by Beck hate and Fox News. These numbers suggest that Obama was being too optimistic. America was even worse when wackos ran the government into massive debts and changed the laws.