Gavin McInnis on Baby Boomers

[Odin]

(09-07-2016, 09:17 PM)Warren Dew Wrote: 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.

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.

That chart is misleading because most of the increase in income has gone to the wealthiest 10%, for the bottom half wages have been stagnant since the 70s.