Difference between revisions of "User:RahalMccall69"
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| − | + | According to Gallup s weekly survey of economic confidence, public opinion hit a low for the year last week, and the trend has been downward since December. | |
| − | + | There are several explanations for this. Consumer confidence is a lagging indicator that climbs and falls in response to other events. There also seems to be some politics involved, with Republicans taking a much darker view of the future than Democrats. | |
| − | + | But an undeniable fact is that while the economy is growing, it is not growing for <a href=http://www.buycelinebags.com>Celine Bags Outlet</a> everyone. Most of us are recovering from not just the Great Recession, but also decades of stagnant wages. | |
| − | + | A recent found that in inflation-adjusted dollars, the median family was 20 percent poorer in 2013 than the median family of 1984. The bottom 25 percent of households 鈥?which didn t have much to begin with 鈥?fell even further <a href=http://www.buycelinebags.com>Celine Outlet Store</a> and controls 60 percent less wealth than it did in 1984. Meanwhile, the top 5 percent has seen a 100 percent increase in wealth in the last 30 years, and has recovered much more quickly than any other group from the financial collapse. | |
| − | + | Those numbers should give a strong indication as to which direction the wealth of this nation has been redistributed under the economic policies implemented in the Reagan revolution. | |
| − | + | For these last three decades, we have been promised that growth is good for everyone and that a rising tide lifts all boats. But that hasn t been true even in the good times, and when the business cycle bottoms out, people at the bottom fall further and recover more slowly than the people at the top. | |
| − | + | This is a result of government policy and won t change without intervention. | |
| − | + | Raising the minimum wage high enough to bring anyone with a job out of poverty is a good place to start. Extending subsidies for health care and higher education to share opportunity more equally is also important. Public infrastructure projects that would put people to work and pump money into the economy should not be put off any longer. | |
| + | With 70 percent of our economy based on consumption, it is wrong to expect people struggling to provide the basics for their families to give the economy the vitality it needs to soar. | ||
| + | We have been waiting six years for the <a href=http://www.buycelinebags.com>Celine UK</a> turnaround. If this is as good as it s going to get, it s easy to understand why people don t feel rosy. | ||
Revision as of 15:59, 8 August 2014
@@@ According to Gallup s weekly survey of economic confidence, public opinion hit a low for the year last week, and the trend has been downward since December. There are several explanations for this. Consumer confidence is a lagging indicator that climbs and falls in response to other events. There also seems to be some politics involved, with Republicans taking a much darker view of the future than Democrats. But an undeniable fact is that while the economy is growing, it is not growing for <a href=http://www.buycelinebags.com>Celine Bags Outlet</a> everyone. Most of us are recovering from not just the Great Recession, but also decades of stagnant wages. A recent found that in inflation-adjusted dollars, the median family was 20 percent poorer in 2013 than the median family of 1984. The bottom 25 percent of households 鈥?which didn t have much to begin with 鈥?fell even further <a href=http://www.buycelinebags.com>Celine Outlet Store</a> and controls 60 percent less wealth than it did in 1984. Meanwhile, the top 5 percent has seen a 100 percent increase in wealth in the last 30 years, and has recovered much more quickly than any other group from the financial collapse. Those numbers should give a strong indication as to which direction the wealth of this nation has been redistributed under the economic policies implemented in the Reagan revolution. For these last three decades, we have been promised that growth is good for everyone and that a rising tide lifts all boats. But that hasn t been true even in the good times, and when the business cycle bottoms out, people at the bottom fall further and recover more slowly than the people at the top. This is a result of government policy and won t change without intervention. Raising the minimum wage high enough to bring anyone with a job out of poverty is a good place to start. Extending subsidies for health care and higher education to share opportunity more equally is also important. Public infrastructure projects that would put people to work and pump money into the economy should not be put off any longer. With 70 percent of our economy based on consumption, it is wrong to expect people struggling to provide the basics for their families to give the economy the vitality it needs to soar. We have been waiting six years for the <a href=http://www.buycelinebags.com>Celine UK</a> turnaround. If this is as good as it s going to get, it s easy to understand why people don t feel rosy.
