The NY Times posted in April of this year a link that tells us the American Middle Class is not what it used to be, and blames “income inequality”. They post the graphic: (Source, NY Times, April 22, 2014, http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html?_r=0&abt=0002&abg=0 ,Accessed 9/28/2014. Blamed is income inequality. However, then, why have we become poorer under 0bama, the great “inequality” equalizer? Could it be that we have lost OPPORTUNITY, and as such we have declining income because people don’t have the opportunity? Or is it maybe that the 90+ million people not working (highest in 36 years) is the culprit, since this is affected by people at the bottom of the income curve?
I find it interesting that people cannot look at the 1920’s, the 1930’s, and the 1980’s, and draw the conclusion that the 2009+ poor performance is due to progressive ideas being wrong-headed. If you look at the growth of middle-class income under Harding, Roosevelt, Reagan, and 0bama, you will find that Harding and Reagan gave us improved middle class, while Roosevelt and 0bama have given us “gush-up poverty” instead of “trickle-down prosperity”, and results in an economy that is managed by the bumbling fools in Washington, DC which will never give you a better life than you can get than if you manage your own.