Monday January 16, 2012 at 11:55

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wilwheaton: “We were growing together for the first three decades after World War II, but for the last three decades we have been growing apart…. I should point out that the pattern in the post-1970s period is not monolithic…. [T]he period from 1992 to 2000 was an exception, when strong economic growth and the policies of the Clinton Administration led all quintiles to grow together again. Indeed, all income groups experienced their fastest income growth in years…. If in the first decade of the 2000s the income of the median household had grown at the same rate as it did in the 1990s, middle class households would have an extra $8,900 a year to spend on their mortgages, rent, cars, food, and clothing, or to add to their savings.” (via What Romney Doesn’t Want You Talking About — Except In ‘Quiet Rooms’ | TPMDC)

wilwheaton:

“We were growing together for the first three decades after World War II, but for the last three decades we have been growing apart…. I should point out that the pattern in the post-1970s period is not monolithic…. [T]he period from 1992 to 2000 was an exception, when strong economic growth and the policies of the Clinton Administration led all quintiles to grow together again. Indeed, all income groups experienced their fastest income growth in years…. If in the first decade of the 2000s the income of the median household had grown at the same rate as it did in the 1990s, middle class households would have an extra $8,900 a year to spend on their mortgages, rent, cars, food, and clothing, or to add to their savings.”

(via What Romney Doesn’t Want You Talking About — Except In ‘Quiet Rooms’ | TPMDC)

This post was reblogged from WIL WHEATON dot TUMBLR.

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    Here’s something interesting: a prosperous society, where...elite class, is a stronger,...
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    don’t usually post politics, here. Sometimes there are exceptions.
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