Gavin McInnis on Baby Boomers

[Warren Dew]

(09-07-2016, 05:31 PM)Eric the Green Wrote:

(09-07-2016, 04:59 PM)Warren Dew Wrote: Reaganomics worked great for me in the 1980s and I was making less than median income.  Or perhaps your definition of "rich" is "anyone above poverty level"?

I've heard that from more than just you. It is total absurdity. Rather than look at what is working for the people as a whole, you only look at what worked for yourself. Nonsense. You know better than that. Most people lost ground under Reaganomics; that's the fact.

It's always amusing when a leftist uses the word "fact".  The word doesn't mean what they think it means.

In fact, inflation adjusted income, after being moribund in the 1970s, grew strongly under Reagan, retrenched for a few years under Bush's anti-Reagan economic policies, as I mentioned, and grew again under Clinton/Gingrich when Reagan style economic policies were continued.

It only stagnated after two decades under Bush II, then plummeted under Obama.

Here's the actual, factual data, drawn from Census sources, though Bureau of Labor Statistics data show the same thing:




I only gave my personal account because I know that the left is immune to actual facts.  Perhaps some bystanders will learn something, though.

(09-07-2016, 05:31 PM)Eric the Green Wrote:

Warren Dew Wrote:The government took a huge loss on the auto equity; that will never be paid back.  Frankly, though, economic stimulus is not about being paid back; the problem with the bailouts is that they didn't actually help the economy.

"We’ll note that losses from automaker loans were expected to be higher, and the action taken by the Obama administration resulted in GM and Chrysler paying back the bulk of their loans." This site concludes that the car companies paid back at least most of the Obama loans, but not those made earlier under Bush.
http://www.politifact.com/truth-o-meter/...loans-it-/

You may not be aware of it, but equity and loans are not the same thing.  The loans got paid back; the equity - that is, the shares the government bought - plummeted in value and were sold for a 10 billion dollar overall loss.

As for "green", the Obama administration changed EPA mileage rules to encourage the production and purchase of large passenger vehicles by allowing them to guzzle more fuel than smaller vehicles, a perverse incentive that not even the Bush administration managed to put into effect, perhaps because Obama thought, incorrectly, that that would save his investment in Government Motors.