(1) In the 1980s, black family income rose higher than white family income in the US.
(2) Real median family income rose in seven of the eight years of the Reagan administration, after having declined dramatically in 1979 and 1980.
(3) Between 1979 and 1989 the real median household income of all income "quintiles" (fifths of the population) grew.
(4) A household in the "bottom 20%" by income in 1979 was more likely to make it to the top 20% by 1989 than to still be in the bottom 20%.
(5) The 'declining middle class' refers to the decline in SIZE of the middle class relative to the whole population, due to an exodus of households from the middle class. This exodus breaks down as follows: 92% moving UP, 8% moving down. This breakdown is fairly consistent over the last 25 years, and this explains why there are more affluent households both in number and in proportion to the whole. While the rich are richer, there are also a lot more rich people, as the non-rich move up.
2007-03-08 05:31:44 · 7 answers · asked by Anonymous in Politics & Government ➔ Politics
True ... I kept refreshing this page ... it's been awfully quiet here for a few minutes.
That nervous typing sound is the sound of hundreds of liberal fingers searching Google for refutes.
A full 12 minutes now and Truthsayer has still stumped the libs.
"Reagan Hurt Economy", "Trickle-down didn't work", "Voodoo failed" ... 16 minutes now, come on libs, find the right combination of words that will lead to that perfect anti-Reaganomics rebuttal
21 minutes ... KO
2007-03-08 05:37:15 · answer #1 · answered by Anonymous · 2⤊ 0⤋
I just saw this question and wrote this immediatly so your 21 minute or 2 hour timelimit is rediculous..
You want a rebuttal?
1) Rose higher? What does that mean? Rate of change? Yeah if you were at the bottom you might be able to move up faster than if you were already at the top..
2) Real median family income SHOULD rise.. Just as our economy grows.. Reagan didn't do anything special that made it grow FASTER..
3) Same as above
4) Okay.. I like this fact.. it is quite impressive.. But my rebuttal would be similar to the one I wrote for 1)
5) This all depends on your definition of "middle class".. The economy should be growing.. We are the most free economic state in the world.. We are the most powerful economic force in the world.. Our citizens SHOULD be experienceing a rise in income..
2007-03-08 15:42:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I had to search and see if 1 was true, but they all are.
2007-03-08 13:38:05 · answer #3 · answered by kittenbrower 5 · 2⤊ 0⤋
shh! Howard Dean is prepping his fear mongering speeches right now and he doesn't need the truth exposed like that!
2007-03-08 13:38:54 · answer #4 · answered by kapute2 5 · 1⤊ 0⤋
True. But those are facts. The Lieberals don't deal with facts, they deal with emotion.
2007-03-08 13:36:54 · answer #5 · answered by Anonymous · 1⤊ 1⤋
True stories, I was there.
2007-03-08 13:46:01 · answer #6 · answered by Nyaru 2 · 0⤊ 0⤋
TRUE!
2007-03-08 13:36:04 · answer #7 · answered by archangel72901 4 · 1⤊ 0⤋