Yes, you said capitalist. Then I answered that I was indeed a supporter of capitalism, especially over communism and socialism (post 21). THEN in post 22 you stated
So where exactly are you getting lost????
ROFLMAO.... WHAT THE FUCK ARE YOU TALKING ABOUT???? Unemployment started the year about 5.3% and finished at 4.9%. It did not return above 5% until the end of 2007. GDP in 2005 grew by 4.4%. It continued growing in 2006 and 2007.
If you are looking for what sparked the downturn (not caused it, but sparked the run) it was the removal of the uptick rule in June of 2007.
You clearly have no comprehension of what it was like in 1980. GDP DECLINED by almost 8%, inflation was above 12%, unemployment averaged over 7% for the year. yet YOU proclaim people were better off? That is seriously quite funny.
Um... ok.... though we have seen a decline in union membership in the private sector for the past 30 years and yet the economy has still flourished. Imagine that.
LMAO.... Germany is AHEAD of us in REAL dollars.... yet their economy is less than 25% of ours in terms of total GDP. So their exports have a FAR greater impact on their economy than ours do.
Not going to argue that point anymore, I said you were a capitalist shill, if you can't understand the difference, suffer accordingly.
Like I said government statistics. Unemployment statistics do not take into account self employed, this is where the unraveling of the economy starts. I happen to work in an area that has a dispropotionate amount of self employed, the downturn started in 2005 regardless of what government bullshit you choose to beleive.
Yep, people were better off. Two percent more were employed, Reagonomics had not yet afflicted the country, real estate was priced in proportion to wages, fuel was cheap, etc. Corporations may have had it rough, I think that is what you are actualy saying. Back then I put $5 worth of gas in my truck at a time, now I put in $50 at a time. Food cost was ten percent of the median salary, now it is over thirty. Since the minimum wage is not ten times what it was then, clearly people were better off.
Yes, the economy flourished. The stock market climbed to record highs. The wealthy got wealthier. The ranks of the middle class diminished and the number of those living in poverty burgeoned.
The decline of the middle class mirrored the decline of unions.
The population of Germany is 25% of ours too. Try again.