From the article:
So, in 1998 (during the Clinton era), Americans were 65/35 on the optimistic side, but now (during the Bush era) we are 65/35 on the pessimistic side. A complete reversal. Are things really that bad? No. In fact, the evident pessimism is borderline ridiculous, but it's hard to appreciate that unless you look at some simple charts. I'll be looking at quite a few as time goes on, but let's consider some right now.
Growth of the Gross Domestic Product (GDP) is, perhaps, the most basic measure of the health of any economy. A growth of 1% is often described as anemic, 2% is so so, 3% is good and 4% is excellent. Let's take a look at that measure during the Clinton and Bush eras (I got these numbers here):
If only, instead of 4% economic growth and 4% unemplyment, we could have 10% unemployment and 1% economic growth, like those enlightened cosmopolitan Europeans, who we keep hearing are so sophisticated and superior to us...
I would trade with the Europeans in a heartbeat. In order to gain universal healthcare, at the expense only of the few rich Americans who actually profit from a rapid growth rate based on GDP. Unemployment is only a bad thing when the "morally superior" thing to do is be employed. I am employed but wish I wasn't. Where do I fit into the numbers?
we could have 10% unemployment and 1% economic growth
Do you like making up numbers or something?
Do you like making up numbers or something?
The actual numbers for the EU are 8.5% unemployment and 2.3% (projected) GDP growth, so maybe he's exaggerating a bit, but the point stands. I'd link to the Wikipedia article, but I'm too new.
The numbers were fictional. The point doesn't really stand considering the growth and unemployment levels in the EU range from 1-4% growth and 4-11% unemployment, and he relates it to something completely different anyway.
If your claim of a robust economy is true you should be able to locate a more authoritative source than a random blogger. There is a full political spectrum of think tanks and economists to choose from. Cite the President's new FED Chairman or his Treasury Secretary but don't insult the intelligence of the readers with an opinion blog by a nobody. If the good news exists, surely many will have evidence for you to use. Find it.
False Choices Lead to False Conclusions
If only, instead of 4% economic growth and 4% unemplyment, we could have 10% unemployment and 1% economic growth, like those enlightened cosmopolitan Europeans, who we keep hearing are so sophisticated and superior to us...
Perhaps you should actually use data before you make such blanket statements.
EU growth outstrips US and Japan September 1, 2006
Who says the Europeans are so sophisticated and superior, and other than emotional propaganda value what does it have to do with the issues?
Your choice is a completely false one overly simplistic and yes unsophisticated. So long as you are comparing, yes most Americans want universal healthcare like they have in Europe, many would probably like longer vactions too.
The actual numbers for the EU are 8.5% unemployment and 2.3% (projected) GDP growth, so maybe he's exaggerating a bit, but the point stands.
Insofar as the point is whether there must be a choice between two different options, the point does not stand. Its not a matter of either the current policy or wholesale adoption of European policy. Nor is it even just a matter of policy since there are different resources and many other issues at play. The whole presentation as if these were are only alternatives is a false choice.
All I'm saying is that, according to Wikipedia, his numbers are not sufficiently distanced from reality to invalidate his point. You can disagree with his opinion all you like--I certainly disagree with his delivery--but that's a separate issue.
You may also want to take into account that the US ranks 92nd in the Gini Index of income equality.
Interesting to examine the countries that US comes closest to in terms of income equality:
88 People's Republic of China 89 Bolivia 90 Philippines 91 Costa Rica
92 United States*
93 Guinea-Bissau 94 Dominican Republic 95 Madagascar 96 The Gambia
Who the hell gives a crap about income equality? Equality of income has no place in any conversation of a FREE country with FREE people. That type of talk belongs in communist and socialist circles.
Socialism isn't oposed to freedom, however, many of yours views are.
The freedom to make as much money as I am able.
The freedom to keep as much of that money in my pocket and not in government's.
The freedom to own property and do with it as I please.
The freedom to share, or not to share, the fruits of my labor.
The freedom to live life as I please and not have socialists tell me how to live it.
Yep, my views are frightening!
The freedom to make as much money as I am able. The freedom to keep as much of that money in my pocket and not in government's.
The freedom of greed.
The freedom to own property and do with it as I please.
The freedom to consolidate wealth.
The freedom to share, or not to share, the fruits of my labor.
The freedom to not share inheritance.
The freedom to live life as I please and not have socialists tell me how to live it.
The freedom to keep my wealth and tell others how to live their life, in want, poverty, deprivation, or oppression.
The freedom of greed.
Yep.
The freedom to consolidate wealth.
Yep.
The freedom to not share inheritance.
Yep.
The freedom to keep my wealth and tell others how to live their life, in want, poverty, deprivation, or oppression.
You were doing so well until that last one. You see in the United States there is a belief in trying to bring equality to opportunity. Anyone can do anything if we keep the doors of opportunity open. Legal immigrants to this country make a success of themselves every day. I don't want to keep anyone else down nor do I want them to keep me down. Stay out of my pocket because I'll stay out of yours. Life isn't fair. There is no equality of people.
You were doing so well until that last one.
Yeah, that's where your understanding of reality breaks down.
Yeah, that's where your understanding of reality breaks down.
No, that's where your understanding of freedom breaks down. We are all free until you decide that we need to share.
Your idea of freedom revolves around making the rich richer, and keeping the poor poorer, not opportunity. The freedom from want, poverty, deprivation, or oppression, that's opportunity.
My idea of freedom gives everyone equal opportunity to become as rich as their ambition and talent can make them. And for them to have the freedom to keep the wealth that they have earned and do with it what they please. I don't view freedom as taking from the rich to give to the poor. That's what private charity is for.
My idea of freedom gives everyone equal opportunity to become as rich as their ambition and talent can make them.
That's socialism, your idea will only make the rich richer. As you explain:
And for them to have the freedom to keep the wealth that they have earned and do with it what they please.
"Earned" is highly subjective.
I don't view freedom as taking from the rich to give to the poor.
I don't view freedom as want, poverty, deprivation, or oppression.
That's what private charity is for.
Have you seen how private charity serves the poor. Market forces can't dictate that.
That's socialism, your idea will only make the rich richer.
This is socialism. Equality of opportunity is not the same as equal distribution of property and wealth.
"Earned" is highly subjective.
Only to those that don't work for their living.
I don't view freedom as want, poverty, deprivation, or oppression.
Want is a vice and should not be equated with need. Poverty and deprivation are facts of life. Life is hard. Oppression is what you do when you create barriers to opportunity and seek to confiscate property from one private citizen and distribute it to other private citizen(s).
Have you seen how private charity serves the poor.
Yes. And they do it more efficiently. Just look to Hurricane Katrina and how quickly the Red Cross and private companies like Walmart were able to get help to people. They mobilized while government, both local and federal, where discussing how to go about helping people.
This is socialism. Equality of opportunity is not the same as equal distribution of property and wealth.
Equality of opportunity is not the same as conservatism either.
Only to those that don't work for their living.
The rich?
Want is a vice and should not be equated with need.
Not in this context it isn't.
Poverty and deprivation are facts of life.
Not for some it isn't, and it's to do with unequal opportunity.
Yes. And they do it more efficiently. Just look to Hurricane Katrina and how quickly the Red Cross and private companies like Walmart were able to get help to people. They mobilized while government, both local and federal, where discussing how to go about helping people.
Your comparing private charity to a conservative government and declaring private Charity and conservative governments the winner. Hilarious.
actually the numbers for the nice charts on the blog are the blog authors own unverified charts claiming to be off the labor stats from 1948-2006, therefore with no validity strength id have to say, hey! nice try!
Americans Care More About their Personal Economic Realty than Abstract concepts like GNP
You can argue all you want about GNP but the fact of the matter is that typical Americans own economic experience has been lousy over the last 5 years. The fact is typical working Americans have lost economic ground. This analysis ignores the fact that the benefits of the statistics cited have overwhelmingly accrued to large corporations and wealthy individuals and not typical Americans. It has become a "golden era of profitablity" for large corporations and the wealthy not most Americans.
As a result, wages and salaries now make up the lowest share of the nation's gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960's. UBS, the investment bank, recently described the current period as "the golden era of profitability."
Most Americans rate the economy poorly because whatever you believe the economic strength of the US economy of the whole the benfits of increased productivity has not been passed along to them, while most Americans have faced stagnant or even declining wages. There is increased poverty. There is increased numbers of Americans without healthcare insurance and increased healthcare costs.
You can argue all you want about top line abstract numbers, but the reality for most Americans is different. They know their own reality far better than academics with charts and numbers.
Is this what you call "fabulous"? Fabulous for who?
The median family income in 2000 was $47,599 and in 2005 it was $46,326. The mean family income in 2000 was $64,767 and in 2005 it was $63,344.
The fact is that people are used to their wages going up not down. Between 1992 and 2000 median income went up 6 of 8 years and average income went up 8 of 8 years. Between 2000 and 2005 both have gone down in 4 out of 5 years. Some of the changes are not statistically significant in indidual years but the overall trend is clear.
What percent of Americans are enjoying what you describe as a fabulous economy in their own bottom line?
Not fabulous for the poor
Between 1993 and 2000 the percentage of Americans living in poverty steadily declined from 15.1% in 1993 to 11.3% in 2000.
Between 2000 and 2005 the percenatge of Americans living in poverty increased from 11.3% to 12.6%.
What's the matter with the middle class? Democrats like to pin their defeats on national security and culture issues alone, but the progressive economic message is also to blame. What progressives generally say about the economy is unrelentingly pessimistic -- stagnant wages, rising costs, overwhelming burdens of debt. It's a message that doesn't resonate with the middle class -- not only because it's overly negative (by itself political poison), but because it's simply flat out wrong. Don't believe me?
Believe the numbers:
$63,300. That's the 2004 median household income of people in their prime working years, ages 25-59 (it's $70,000 for married households and nearly $80,000 for two-earner households).
$248,700. That's the median net worth of pre-retirement Americans, ages 55-64.
Zero. That's the median credit card debt for all American households.Drowning in debt? Squeezed to the gills? Living paycheck to paycheck? I don't think so.
These numbers all add up to this one: $23,700, the household income at which a white voter was more likely to vote Republican than Democratic in the 2004 congressional races....
The myth of the stagnating middle class:
It's true that the middle class is shrinking -- but that's because more families are better off. The share of prime-age adults in households with real incomes above $100,000 rose by 13.1 percentage points from 1979 to 2004. The share of households making less than $75,000 dropped by 14 percent. Fully 41 percent of prime-age American adults are in households with incomes above $75,000.
in debt -- or investment?
Another major source of angst is the rise in consumer debt, which is at historically high levels. But in focusing exclusively on debt, progressives ignore the other side of the ledger -- assets. Consider:
A majority of Americans have no credit card debt. And of the 46 percent of Americans who do, the Federal Reserve's Survey of Consumer Finances says the median balance is $2,100. Moreover, Pew surveys from 2004 through 2006 found that only 9 percent of Americans said that they "owed a lot more [in credit card and installment debt] than they could afford."
Middle class assets are up. Real median net worth for all households rose from $69,000 in 1989 to $93,000 in 2004 -- an increase of 35 percent.
Most household debt is mortgage debt. Mortgage debt as a share of total debt has increased from 71 percent in 1989 to 79 percent in 2004. For the vast majority of people, their major source of wealth is equity in their home.
Bankruptcies are rare. Only 1.5 percent of households declare bankruptcy in any given year.
American Prospect Online - What's (Not) the Matter With the Middle Class?
http://theobserver1.newsvine.com/_news/2006/09/07/353980-american-prospect-online-whats-not-the-matter-with-the-middle-class
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