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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (585899)	9/18/2010 5:32:39 PM
From: combjelly	Read Replies (1) \| Respond to of 1573928

"I'd disagree. You have to consider the 70s as well. Also the 30s would often be consider modern times." And in both those cases, the middle class exited the decade better than they entered it. So your point is, what?

To: TimF who wrote (585899)	9/23/2010 3:36:31 PM
From: tejek	Read Replies (3) \| Respond to of 1573928

And the rich keep getting richer..... "Forbes magazine released its annual list of the 400 richest Americans on Wednesday, and their combined net worth climbed 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline." money.cnn.com

To: TimF who wrote (585899)	9/23/2010 3:43:06 PM
From: tejek	Read Replies (1) \| Respond to of 1573928

The past decade was the worst for the U.S. economy in modern times I'd disagree. You have to consider the 70s as well. Also the 30s would often be consider modern times. I meant since the 30s. I guarantee you it was worst than the 70s because of the crash in 2008. a sharp reversal from a long period of prosperity No so sharp, but yes the decade wasn't as good as the two before it. An important factor in kicking off that period of above normal growth was the reduction in tax rates under Reagan, which even with Reagan's later increase, Bush I's increase, and Clinton's increase, was never really reversed. Good growth didn't happen until Clinton. That's when welfare roles went down and the unemployment rate dropped into the 4 percentile for the first time since the 1950s.