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

To: combjelly who wrote (768635)	2/9/2014 11:14:27 PM
From: i-node	Respond to of 1578514

>> There are all kinds of reasons for the decline in socio-economic mobility Actually, economic mobility hasn't changed much. The graphic at the bottom of the linked page indicates how the relationship has changed, and the essence of it is that a person born into the bottom 20% of of the "income ladder" have about the same change of making it to the top 20% they did decades ago. obs.rc.fas.harvard.edu

To: combjelly who wrote (768635)	2/9/2014 11:55:00 PM
From: Broken_Clock	Respond to of 1578514

Actually, Bush did help quite a few middle class folk get ahead in the housing bubble….although i also give Clinton the cred for the 500k tax free profit incentive. needless to say, the resulting destruction is still being felt so turning housing into a casino was certainly a mixed bag. I run into more than a few who made killing in the bubble but didn't know when to get out and lost all, or at least a huge potion of their windfall from the go go days of 2000-2007.