The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label GOP Fiscal Hype. Show all posts
Showing posts with label GOP Fiscal Hype. Show all posts

Friday, October 25, 2013

Believing The GOP Fiscal Hype Is Killing The Middle Class And Burying The Poor

    

             

MSNBC's Ari Melber effectively refutes GOP mantra and "false fiscal" propaganda.  If you are a high information voter, this information is probably not new to you.  If you are a bit less informed, you may actually believe GOP mantra, and you may also exist as fodder for GOP election wins.  Wins, that have yet proven beneficial to the US economy and less beneficial people who live on the lower end of the following info graphic.

The following infographic illustrates the end game for people who have bought hook-line-and sinker into GOP fiscal policy  A policy labeled "trickle-down" by Ronald Reagan.  The policy is more aptly named supply-side economics. 

Mother Jones...... (linger on  left chart in "Winners Take All Section" below and think back to which US President took office in 1981). We do not see a trickle.

HOW RICH ARE THE SUPERRICH?

A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.


The richest controls 2/3 of America's net worth

Note: The 2007 data (the most current) doesn't reflect the impact of the housing market crash. In 2007, the bottom 60% of Americans had 65% of their net worth tied up in their homes. The top 1%, in contrast, had just 10%. The housing crisis has no doubt further swelled the share of total net worth held by the superrich.

WINNERS TAKE ALL

The superrich have grabbed the bulk of the past three decades' gains.

Aevrage Household income before taxes.

OUT OF BALANCE

A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable.

Average Income by Family, distributed by income group.
Download: PDF (large) | JPG (smaller) 

CAPITOL GAIN

Why Washington is closer to Wall Street than Main Street.

median net worth of american families, median net worth for mebers of congress, your odds of being a millionaire, member of congress's odds of being a millionaire
MEMBERMAX. EST. NET WORTH
Rep. Darrell Issa (R-Calif.)$451.1 million
Rep. Jane Harman (D-Calif.)$435.4 million
Rep. Vern Buchanan (R-Fla.)$366.2 million
Sen. John Kerry (D-Mass.)$294.9 million
Rep. Jared Polis (D-Colo.)$285.1 million
Sen. Mark Warner (D-Va.)$283.1 million
Sen. Herb Kohl (D-Wisc.)$231.2 million
Rep. Michael McCaul (R-Texas)$201.5 million
Sen. Jay Rockefeller (D-W.Va.)$136.2 million
Sen. Dianne Feinstein (D-Calif.)$108.1 million
COMBINED NET WORTH:$2.8 BILLION
10 Richest Members of Congress 100% Voted to extend the cuts
Congressional data from 2009. Family net worth data from 2007. Sources: Center for Responsive Politics; US Census; Edward Wolff, Bard College.
Download: PDF (large) | JPG (smaller) 

WHO'S WINNING?

For a healthy few, it's getting better all the time.

YOUR LOSS,THEIR GAIN

How much income have you given up for the top 1 percent?

 See More at Mother Jones

MSNBC The Cycle's Ari Melber address another clear case of GOP mind-induction.  Be careful, it is time to de-hypnotize yourself.


We often write about the LIVs (low information voter/people). We write as such based in what may be a misguided belief that people are unaware. There is a antipodal state that is truly tragic.  What about the prospect people who sit and watch Fox News, and, or, listen to Alex Jones, Limbaugh and Beck, do not care about the data depicted above? 

Let's hope the full 47% of people who voted for Mitt Romney are in the antipodal state. That ever-present abyss called a Great Depression looms and it looms very near one major error in fiscals policy, or practice. 
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