Gavin McInnis on Baby Boomers

[Warren Dew]

(09-08-2016, 07:13 AM)Odin Wrote:

(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.

The chart is a median, not a mean; it shows where the average earner was, irrespective of where the top 10% was.

I do agree that a chart of the mean, which would average in the top 10%, would likely show a stronger increase, and possibly an increase even in the Bush/Obama years, although a lot of the accumulation of wealth in the top 0.01%, where the issue of maldistribution of wealth really is, would not show up in any income graph.