cicerone imposter wrote:ican, Why is it that you always leave out the material information when speaking from the corner of your mouth? Give us some stats how how the middle class [fared] income-wise between 2001 and 2005. FACT: More middle-class families fell into poverty during that period. FACT: More Americans lost their health insurance during that period. FACT: Pay increases did not keep up with inflation. FACT: The American savings rate was the lowest during that period.
That the capital gains tax was reduced doesn't help many middle class families, when their savings have turned into higher debt.
FACT: Unemployment rate decreased to 4.4%.
As a consequence, during that period, the total number of:
families obtaining more income, increased;
families owning health insurance, increased;
Americans whose income kept up with inflation, increased;
Americans who increased their savings, increased.
The main losers are those members of unions whose companies were paying them too much for their companies to continue to compete successfully.
