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US incomes fall to 1989 levels. How did that happen?
Christian Science Monitor ^

Posted on 09/12/2012 6:44:33 PM PDT by nuconvert

A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty.

The typical US household saw its income fall last year to 1989 levels.

That news, contained in a US Census Bureau survey released Wednesday, points to difficult questions of how the US can get back on a track of job growth and rising prosperity.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 2012; democrats; economy; hopechangey; obama

1 posted on 09/12/2012 6:44:39 PM PDT by nuconvert
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To: nuconvert

Well, I guess I can now proudly state “I’m Better Off than I was 21 Years Ago!!”


2 posted on 09/12/2012 6:47:02 PM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: nuconvert
US incomes fall to 1989 levels. How did that happen?

It took a lot of hard work by the Traitor-In-The-White-House.

3 posted on 09/12/2012 6:47:03 PM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: nuconvert; All
"US incomes fall to 1989 levels. How did that happen?"



4 posted on 09/12/2012 6:48:48 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Iron Munro

“..It took a lot of hard work by the Traitor-In-The-White-House...”

::::::::::::::::

You got the title correct. For those that did not know it BEFORE 2008, the events prior to, and during, in Egypt, Libya, etc are proof positive of your description.


5 posted on 09/12/2012 6:54:31 PM PDT by EagleUSA
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To: nuconvert

1989. That was another year in which a lot of people were fooled by people who weren't quite what they seemed to be.

6 posted on 09/12/2012 6:54:59 PM PDT by ClearCase_guy (ua)
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To: nuconvert

I don’t think this is what people were talking about when they said they wanted to go back to the Reagan years.


7 posted on 09/12/2012 6:57:05 PM PDT by kempster
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To: nuconvert

Why did it happen?

Far too much of the following:
1. Legislation.
2. Regulation.
3. Spendulation.


8 posted on 09/12/2012 7:16:06 PM PDT by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."...the public interest)
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To: Iron Munro

According to Marx and Engels the first thing to do to “transform” a country is to destroy the Middle Class. Looks like it’s working.


9 posted on 09/12/2012 7:31:13 PM PDT by pankot
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To: nuconvert

The question of how the US can get back onto a track of job growth and prosperity might be difficult, but the answer is simple and straight forward. Kick Obama out of office.


10 posted on 09/12/2012 7:41:22 PM PDT by pallis
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To: nuconvert

Dennis Prager had a good line. The people in power care more about equality than they do prosperity. That everyone being “equal”, even if poor, is more important than the prosperity.
We’re seeing the middle class brought down to a lower level, despite the general impoverishment of society, as good because it is “more equal”.


11 posted on 09/12/2012 7:58:36 PM PDT by tbw2
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To: nuconvert
There is a whole mess of people who are making double, and sometimes triple than then. Mostly public employees and the like, including teachers, professors etc.

So, it depends on if one is engaged in producing milk or sucking the teat.

12 posted on 09/12/2012 8:06:12 PM PDT by going hot (Happiness is a momma deuce)
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To: nuconvert

We all need to buy American whenever possible. I am sick of jobs and production moving to China! I believe incomes have been backsliding. Liberals will try to say “not for the richest 1%” but they are the job creators.


13 posted on 09/12/2012 8:06:24 PM PDT by buyamerican4good
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To: nuconvert

Liberal Democrats and RINOs for $100 Alex.


14 posted on 09/12/2012 8:49:19 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: nuconvert
How did that happen?

Corrupt and controlling government at every level.

A government that has totally betrayed America.

This is not complex.

15 posted on 09/12/2012 9:12:29 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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Hope for Spare Change


16 posted on 09/12/2012 9:18:57 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: nuconvert

I’m sure I’m not seeing 1989 prices in the grocery store.


17 posted on 09/12/2012 9:38:51 PM PDT by clearcarbon
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To: clearcarbon

Nearly everything goes up except private sector wages.

Been this way for over 10 years now.

Reckless corrupt controlling government at every level is the cause of America’s decline.


18 posted on 09/13/2012 7:50:07 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: nuconvert
In 1989 I bought a 5.0 Mustang convertible for $14,500. That same car would be $30,000 or more today.

Using an inflation calculator the 14500 would be 26000. So inflation isn't THAT bad right now.

19 posted on 09/13/2012 7:57:33 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va

Not that bad right now?

Were they offering people equity loans on their cars in 1989?


20 posted on 09/13/2012 8:35:39 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

Adjusted for inflation cars have not really gone up that much. I am surprised too. Plus the 1989 Mustang is not near as good technology wise as a 2012.


21 posted on 09/13/2012 8:55:40 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va
Adjusted for inflation cars have not really gone up that much. I am surprised too.

Come on. Have ya seen private sector wages? We're talking tens years of late 1980s wages as prices of nearly everything launched.

22 posted on 09/13/2012 7:32:24 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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