Forum Post: Hard Data
Posted 12 years ago on Oct. 13, 2011, 2:11 a.m. EST by ConcernedEconomist
(67)
This content is user submitted and not an official statement
Don't have time to give in-depth descriptions or lengthy explanations but here's a compilation of various economic data and graphs supporting the reasons why we're all here.
The result of supply side economic policies: Number of private sector job openings (blue) vs. corporate profits (red) straight from the Federal Reserve: http://research.stlouisfed.org/fred2/graph/?g=1j6
Recent Bank mergers and acquisitions - wonder how they got too big to fail...: http://motherjones.com/files/images/big-bank-theory-chart-large.jpg
All top marginal tax rates decreased drastically since 1980: http://visualizingeconomics.com/2011/04/14/top-marginal-tax-rates-1916-2010/
Real wages not keeping pace with increased productivity: http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html?ref=sunday
Tax breaks and loopholes that we the citizens are forced to make up for: http://www.washingtonpost.com/wp-srv/special/politics/tax-code-break-by-break/?hpid=z2
Real wages consistently declining: http://media.lclark.edu/content/hart-landsberg/2011/07/26/explaining-unemployment/
What would the National Debt actually look like? http://chartporn.org/wp-content/uploads/2011/07/image46.png
Not spreading the wealth (since 1980): http://www.washingtonpost.com/wp-srv/special/business/income-inequality/
Bush-era tax cuts and war spending will account for half of public debt by 2019: http://www.cbpp.org/images/5-12-11bud2.jpg
US Military spending: http://www.economist.com/blogs/dailychart/2011/06/military-spending
Richest 10% control 2/3 of American's net worth: http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
US's failing report card according to the IMF: http://graphics8.nytimes.com/images/2011/02/19/opinion/19blowcht/19blowcht-thumbWide-v4.jpg
How the Recession has changed us: http://assets.theatlantic.com/static/coma/images/issues/201101/numbers.jpg
US on the decline: http://www.time.com/time/interactive/0,31813,2027156,00.html
This is the discussion that is well worth having. There's an abundance of hard data supporting the FACT that the wealthy are NOT the JOB CREATORS.
The only reason this myth about the rich being job creators continues is precisely because the general public and media rant about the bad economic times are but can NOT agree what to do about. Why? Because we like to complain but it nevers emboldens us enough to seek the truth in such matters.
Anyone see the problem?
Or am I the lucky one to see the ship going down as ignorance reins in politics?
Come Together NOW
Awesome post!
Here's some goodies too!
GAO audit of the federal reserve exposes 1 trillion dollars given to bank of america - http://www.gao.gov/new.items/d11696.pdf-
LIBOR explained in 3 minutes - http://occupywallst.org/forum/dont-quite-get-libor-simple-video-explains-it-in-3/
Billion dollar corporations not paying taxes - http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558#.T5nSR6tYstg
Excellent information
Bank Profits from 1970 onward: http://oi56.tinypic.com/33ur0o4.jpg
Unemployment Rate (2007-2010): http://www.youtube.com/watch?v=okzyC_SDfjY&feature=player_embedded#!
Here's the correct link for the US failing report card by the IMF: http://graphics8.nytimes.com/images/2011/02/19/opinion/19blowcht/19blowcht-popup-v5.gif
thank you
thanks for the post. i think ricosuave is exhibiting a bit of projection as i can see no other way that someone who actually looked at the data could demean people upset by it.
This one is glorious(ly depressing) - average pre-tax household income since 1980: http://assets.motherjones.com/politics/2011/inequality-p25_averagehouseholdincom.png