To: Toddsterpatriot
Yeah, what a great accomplishment, 3 years after a recession and our debt laden economy squeezed out 4% (of course this counts the top 2% who now make around 240 times the average salary). Gee, while the WTO was only reeving up we were squeezing out closer to 8%, now that its in full swing it's 4%. How nice. But we'll also ignore the massive deficits, the skyrocketing bankruptcies. You've got your one chart and by God you'll try to pound it and ignore the various questions lobbed at you as you pound the drum of Free Trade.
262 posted on
06/08/2005 6:55:18 PM PDT by
jb6
( Free Haggai Sophia! Crusade!)
To: jb6
Yeah, what a great accomplishment, 3 years after a recession and our debt laden economy squeezed out 4% I'm sorry, listening to you whiners I thought our incomes were dropping. Guess you were wrong.
(of course this counts the top 2% who now make around 240 times the average salary).
Feel free to find info that proves all the gain was made by the top 2%. And please don't post any more graphs about India. It just makes me think about America's declining technical skills.
Ever find your book or did you make up the info about Americans making under $25,000?
287 posted on
06/08/2005 10:00:02 PM PDT by
Toddsterpatriot
(If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
To: jb6
Yeah, what a great accomplishment, 3 years after a recession and our debt laden economy squeezed out 4%Yeah, free trade makes it harder for wages to rise after a recession.
The recession started three years ago in March 2001. Now, 36 months later, real hourly earnings are 1.85 percent higher. Compare that to the 1.95 percent loss on the 36-month anniversary of the 1990-91 recession. Three years after the 1980-82 recession started, real earnings had also declined by 1.49 percent.
The Real Story on "Stagnant" Wages
330 posted on
06/09/2005 7:48:39 AM PDT by
Toddsterpatriot
(If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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