Why can't conservatives admit that supply-side economics has failed?
• 83 percent of all U.S. stocks are in the hands of 1 percent of the people. • 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007. • 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans. • 36 percent of Americans say that they don't contribute anything to retirement savings. • A staggering 43 percent of Americans have less than $10,000 saved up for retirement. • 24 percent of American workers say that they have postponed their planned retirement age in the past year. • Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008. • Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975. • For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together. • In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one. • As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets. • The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth. • Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008. • In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector. • The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago. • In America today, the average time needed to find a job has risen to a record 35.2 weeks. • More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying. • or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011. • This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour. • Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years. • Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009. Funny how the conservatives either ignore, refute without research, or claim that the facts I posted don't apply. Facts REALLY do get in conservative's way...
Asked By: teeewalk - 8/4/2010
Best Answer - Chosen by Asker
I could add a couple of things to your list... More
Answered By: dolphin314etc - 8/4/2010
Additional Answers (15)
What and lose another election?
Answered By: ☼Solar☼ - 8/4/2010
All your examples are all how conservatives want us to live.
Answered By: hi - 8/4/2010
Too long! Not worth the read. I'm sure none of this provides evidence to support your premise. Why can't liberals admit that socialism has failed: Greece Spain Portugal France Britain
Answered By: Comrade Hussein Satan - 8/4/2010
I recognize this as a cut and paste from a religious nut's blog. He was trying to make a little different case, but it goes to show that a little knowledge is a dangerous thing.
Answered By: apeman605 - 8/4/2010
If the richest country in the world isnt good enough for you than leave and go to North Korea or one of your other progressive paradises.
Answered By: Meet Reality - 8/4/2010
your facts are completely WRONG
Answered By: G S - 8/4/2010
That is their agenda -- get as much wealth as they can for their base. They tried to wrap an economic theory around that, and that fell flat. Facts are facts, and we see the destruction to the Working Class caused by Republican economic policies that have only benefited the extremely rich.
Answered By: Law Man says let the FACTS rule - 8/4/2010
Not true. "61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007." You mean its gotten worse under Obama? I guess libs will hate to hear that.
Answered By: Splitters - 8/4/2010
they dont think, they just repeat what Rush tells them and Rush will tell them that the liberals sabotaged the economy, and its not the conservatives fault and they will believe it, cause believing that the liberals are out to get them gives them comfort
Answered By: Dave87gn - 8/4/2010
None of the bilge you posted has anything to do with supply side economics this arises from big government spending - why can't you admit the Greece model is a failure
Answered By: Nancy's Botox Lips - 8/4/2010
How are your "facts" related to being a failure?
Answered By: John Milton - 8/4/2010
GS says that your facts are wrong, but notice he didn't offer and alternative. One guy says it too long to read and another that it is a cut and paste from a religious nut site. You might enjoy, if getting derpessed is enjoyable, the Automatic Earth.org site. Thanks Jeff
Answered By: Jeff Lebowski Communist - 8/4/2010
And you have what sources to support your theory? It is all about supply and demand. Why do ignorant liberals continue to expect entitlements versus actually paying for what they want... More
Answered By: Joe - 8/4/2010
All I see is that factoids bother liberals. But I don't see any evidence that supply-side has failed. *Reality* is supply-side. You can't get a job from a poor person. You can't consume, buy or sell something that doesn't exist yet. Only supply-side acknowledges these realities.
Answered By: WhoIsJohnGaltCom - 8/4/2010
I have never been hired by a poor person!
Answered By: BryanW652 - 8/4/2010
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