-Caveat Lector-
In a message dated 1/5/99 3:01:13 PM Eastern Standard Time, [EMAIL PROTECTED]
writes:
>
> So are you saying that we need to return to the polocies of Ronald
> Reagan who had been president during this last expansion?
>
> best wishes, Howard Davis
>
I hope not. I have not made the averages but according to the BLS, the
December average weekly industry (nonfarm payroll) earnings in $1982 for 1972
was $317 (the peak year), in 1980, just before Reagan, it had slipped to $274,
in 1989 it was down to $262. Clinton has not been good for the average guy
but neither was Reagan. With Clinton, however, there is less openly expressed
bigotry and there is a sense that the president is trying to make things fair
ala higher minimum wages, Family Medical Leave Act, an attempt to enact
universal medical insurance. Reagan clearly had the opinion that trickle down
is best.
Jerry
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