Sunday, September 17, 2006 - Republican Party Indebted To America


THE REPUBLICAN PARTY OWES YOU $20,000....The Democratic Strategist has a roundtable discussion in its September issue that pretty neatly encapsulates my own inability to figure out what economic message will work for liberals. To start, the authors of the main article make an excellent point:


Part of the problem is that Democrats have been misled about the state of the middle class. Progressive economists typically peg median household income at about $45,000. But that includes households headed by 22-year olds (who are on their way up) and 76-year olds (who live on fixed incomes that may be small but are often comfortable since they have no dependents and limited work related expenses).


Among households headed by prime age Americans "" adults between the ages of 26 and 59 "" the median household income is about $63,000.


This is a badly underappreciated point: America is a very rich country. People still have economic worries, but the plain fact is that the vast majority of Americans are well enough off that their financial status is not the overwhelmingly most powerful fact of their lives. Like it or not, this means that for about 70-80% of the population, raw appeals to economic populism just don't have much salience.


But here's the problem: the two rebuttals that have been posted so far also make sense. John Halpin says: "The problem lies with a Democratic Party establishment that is unwilling or unable to call it like it is in a larger sense....explaining to Americans how the GOP-controlled system is rigged against the middle class on everything from taxation and social spending to corporate welfare and military service."


Hear hear. And Elizabeth Warren writes: "Today, a fully-employed, median-earning male makes about $800 less than his counterpart made back in 1972. But costs for many of the basics "" housing, health insurance, transportation, college educations-continued to rise."


Halpin and Warren are right: Republicans have rigged the system to overwhelmingly favor the rich and the result has been stagnation and increasing insecurity for the middle class. But the reason Republicans been able to get away with this is that stagnation at a household income of $63,000 isn't all that bad.


So how do we get this point across? Here's the basic message:



  1. In 1970, the median income for workers age 35-44 was $29,000 (in today's dollars).
  2. Today, the median income for the same worker is $32,000.
  3. During that time, total income (adjusted for population) has increased by about 80%. If that growth had been spread evenly instead of going predominantly to the already rich, the median income of a middle-aged worker today would be $52,000. That's a difference of 20 grand. (And no, counting healthcare benefits doesn't change this calculation very much.)

I dunno. Is that enough to get people pissed? If middle-class income had merely kept pace with economic growth, your $32,000 job would instead be paying you $52,000. But it's not. And the reason is that virtually all of the economic growth of the past three decades has been funneled into the pockets of the well-off, the rich, and the super-rich

Photobucket - Video and Image Hosting

Post A Comment! :: Send to a Friend!

About Heather ™
I have suspeneded my blog site
I may come back to it at a later date
I am sorry that my blogs and site were not appreciated and lacked participation
It just seems like my JH Colleagues have little interest in this format
I have to devote my time and energy where it is appreciated
It seems thats not the case here.
I wish JH and My Colleagues here well...Love and blessings to all







Click Videoplayer Below

This Clip Is From Youtube...Rarely shown on mainstream news

A delightful version of
the real warm loving Hillary,
not the "monster" media portrays












I am not Neocon or Republican, not "liberal but progressive"Rather, I like to say "progressive Independent" and independent of ideology, which really means: I think for myself.


My goal is to vanquish Neocons / Bush from this Land near and far...
To make women wake up, get angry, protest and act!
Aw come on . . . it shouldn't be that hard!......







About Me:



Orientation: ~ Straight




Hometown: ~ New York




Body Type: ~ 6'0" / Slim




Ethnicity: ~ Irish




Zodiac Sign: ~ Aquarian




Smoke/Drink: ~ Yes/No




Children: ~ One Daughgter I Cherish




Occupation: ~

Mom, Healer,Teacher & Work Force Goddess




My Favorite Things:


Shoes: ~ Charles Jordan High Heels



Activities: ~

Mountain Biking, Forest Nature Trails, Gourmet Cooking



Sports: ~ Tennis



People ~ Compassionate, Kind, Respectful








Recent Posts
Menu
Calendar
«  January 2009  »
MonTueWedThuFriSatSun
 1234
567891011
12131415161718
19202122232425
262728293031 

Friends
Links
  • My Wall











  • Poll Answers

    Photobucket

    Cost of War - MilitaryWidgets
    Get this Widget

    [*] Humane Society
    [*] Habitat For Humanity
    [*] ABC News
    [*] Bloombergnews
    [*] C-Span
    [*] Congressional Quarterly
    [*] Financial Times
    [*] International Herald Tribune
    [*] MSNBC [*]BBC
    [*]Crooks and Liars
    [*]AmericaBlog
    [*] The Huffington Post
    [*] Daily Kos
    [*] Think Progress
    [*] Crooks And Liars
    [*] Talk Left
    [*] Talking Points Memo
    [*] Instapundit
    [*]Daily Kos








  • Political Patriot Opinions & Editorial
  • Free Blog



Entry 1 of 902
Last Page | Next Page
Reminder.
Please Feel Free To Take Part
Due to lack of participation
My blog site will be suspended indefinately
My Time is too valuable to devote to futile causes
farewell all
Sincerely,
Heather
Thanks


Hide Box