Bernie Sanders Shows How Reagan Helped Destroy The Middle Class

[kpete]

The chart starts by showing that in the decades after World War II, the bottom 90 percent of the country captured most of the growth in income during rebounds from tough times. But then came the Reagan era, and what George H. W. Bush once dubbed "voodoo economics." After Reagan implemented his policies, the top 10 percent grabbed nearly 80 percent of the growth in incomes coming out of the oil crises of the late '70s.


"Whoa! What happens in 1982?" Sanders said, noting the dramatic reversal in his diagram. "Well, Ronald Reagan is president, and the good news is we are into trickle-down economics."

The socialist Democrat is certainly aware that other factors such as technology, the waning of the union movement and globalization all played their roles, but his data makes for an awfully stark portrait.

"Frankly, this is a metaphor," Sanders said. "This is an example of exactly what trickle-down economics is all about."


VIDEO (Chart Included) & MORE:
http://www.huffingtonpost.com/2015/01/30/ronald-reagan-middle-class_n_6578130.html?utm_hp_ref=politics

[Octafish]

1. Voodoo Economics worked its magic, all Right.

The Haves have more. We the People have austerity.

[Half-Century Man]

2. Worked on me

I feel more zombie like each day.