> RoMunn wrote: > Lincoln was right, and wrong. More Americans than ever before own stocks > through pension funds, 401K plans, and direct investments. So when we say, > "The corporations", we're really talking about the public. >
That talking point is meaningless. In 30 years a middle class family has gone from a one working parent family to a 2 working parent family. So where'd the money go? Are they blowing it on crap? Nope. Compared to a 1970 family, a 2005 family spent 32% less on clothes, 18% less on food, and 52% less on appliances. At the same time, health insurance has gone up 74% and doesn't cover as much. Add to that, that savings has gone down from 11% to below zero. And then, of course, revolving debt, consumer debt, and mortage debt all went up. In 1970 Americans spent 1.4% of their annual income on revolving credit. In 2005 that was at 15%. Add it all up and you get a middle class that is living on the edge of bankruptcy. And, of course, under George Bush the median household income is less than when he took office as is the DJIA. Yet government spending has skyrocketed. So where's the money gone? We're rich now right? Snap out of it, Robert, before you hit rock bottom. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271884 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
