you research has some new numbers up on what happened when the local acts over
the last ten years
and here's what i have
hoey god
decimate
first of all let me show you net income
and how that
an average of erin did there
you see uh... from the nineteen eighties to art two thousand we do pretty well
actually see the huge spike up from ninety two
the two thousand one yet that would be the clinton years by the way
most profit while most prosperous times in american history
uh... most jobs created a source of the two thousand nine hundred thirty six
and then after all the tax cuts and the regulation by the republicans it's a
beauty
we start leuzzi income the middle class
losing coming invite our average seller for all americans
comes on the sixty nine thousand four hundred ninety seven dollars
now how about our network
'cause remember what he calls the tax cuts in the deregulation s ghostly john
craig is within the create jobs for you and then you will get richer
well your income in the larger got smaller
how about your net
well that also got smaller
as you see again from ninety two to two thousand one huge expansion
and then in their early years of bush it does well i'll tell
and falls off ucla
goes all the way down in ninety three thousand one hundred fifty dollars
right in the ballpark to where we started twenty years ago
on believable i thought textiles or what happen intended to operate in thirty
nine point six of thirty five
annual lost jobs
we lost money on average our net worth ever or income it was something sasser
pros as much as the tax cuts there's also deregulation
spike you saw going downwards was after the banks collapsed our economy
so it doesn't work they're full of it now what i know that that's
well we got small
the middle class back in nineteen seventy one
used to be sixty one percent of the country
now
it's not a fifty one percent of measures literally less people in the class
more in the upper class and more the lower class
we're becoming more more polarized
and where the money go
well it went straight to the top remember i was supposed to trickle down
nonsense it went off
so the middle class back in nineteen seventy one had forty five percent of
the money in the u_s_
also ahead sixty two was on the money the u_s_
now they're down forty five percent
lead trying sucking sound is ross perot used to say
but it didn't go up as you can see the poor got poorer they went from tennis on
the nine percent
alway look at that
the upper-income
that tear
went from twenty nine pdt seller was in the country
docs forty six percent of the world in the country
so all those tax goes through all those years
and the starkest years with the last decade or the middle class dot
amer
many goes all the way back to nineteen seventy one remember before that levels
are in charge
you know all the way up to actually to be fair to nineteen seventy eight
you know liberals all lines in that ralph nader crushing nixon getting in
the past the e_p_a_
os shows seatbelts etcetera etcetera
no new deal roosevelt social security medicare
we have is golden you're up
up until about nineteen seventy-eight and then we dive offer clip
we elect ronald reagan
tax cuts de-regulation etcetera
it does well for a while
and every time you raise taxes under clinton for example
you gain jobs you know in jobs
clinton brought in
twenty twenty two and a
million jobs
that is the best
presidential record on jobs
any u_s_ president in fact
he now ranks number one in popularity among all presidents as sixty six
percent beating radio sixty-three percent bt eisenhower fifty nine percent
you know why does that and we were still brick
they saw eleven in the nineteen nineties
and they saw what happened has happened in the mac meacham between nineteen
seventy eight and now when he told us about the magic of tax cuts
every time we do the tax cuts it doesn't go well and i will raise taxes
it does their economy action does better
and governor and poorly or the taxes were opposed
highest seventy and ninety percent
well for the top brackets
that's the ear of the day destroy ourselves was a golden times nineteen
fifties nineteen sixties etcetera
and who never did people blame for this well they've got a pretty much figured
out when pw asking about that they said number one culprit
this congress
and number two corporate
the banks and financial institutions
right again bob
large corporations come in third bush
initiation comes in fourth foreign competition instead
then we'll bomb administration then the middle-class themselves
right now we're not blaming ourselves we see that
picture here they might not have seen all of those numbers and all those
graphs but they have a gut sense for tennis absolutely right
congress screwed you
a lot of times it was democrats too
at the end of the clintons which was so good as i explained to you economically
but then what do they do they deregulated the banks and as part of why
they crashed
in the next decade
so yet congress crude absolutely
working intended with the banks of large companies
who bought those politicians
they screw you
annual us money
on the top one percent gain the money
that's what happened and it's certainly happenin anyway
in the last decade
those are the reality those of the facts