----- Original Message ----- From: "Dan Minette" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Sent: Saturday, January 17, 2004 11:04 PM Subject: Re: Double Standards on Regional Bigotry
> The recession still would have happened, but Reagan made sure that the ill > effects were concentrated in the lower classes more than usual. This was > accomplished by the increase in taxes on lower income, the decrease of > taxes on upper incomes, the decrease in benefits to the working poor, and > the championing of union busting. Lets look at the second year of the Reagan presidency '82. That's when the effects of the tax and spending could reasonably be seen. We find the following distribution of an average 0.6% rise in household income. 1st 20% -2.3% 2nd 20% -0.3% 3rd 20% -0.4% 4th 20% -0.6% 5th 20% 2.4% top 5% 4.8% all 0.7% These are the standard census bureau numbers I've been quoting all along. One final proposition. I'll be willing to look at the best 8 years of the 14 of Reagan-Bush I & II (we don't have data for '03) and compare then to Clinton's 8 years. I bet that I will see significant differences in the distribution of economic growth. I'll pick the best 8 years as the 8 years with the greatest growth. I'd call that bending over backwards to give Reagan and Bush a fair shake. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
