Tuesday, March 1, 2011

Myth Busting: The Good Old Days

The spin and lie machine that is employed to keep you ignorant and complacent would have you believe that  this country had an economic "Golden Age" in the 1950s, and that the last 40 years have seen the decline of economic growth. The machine will tell you any number of lies about why that is, such as the social unrest of the 60s, the Unions, and a long list of inevitabilities that you cannot do anything about, so just relax and take it. Not so. The relative stagnation of the bottom 90% of income earners is no accident, and it isn't inevitable (except to the extent that we continue to choose to remain ignorant and helpless).

Over at Lawyers, Guns & Money, Paul Campos has this informative post about the facts of economic growth in this country since WWII, and the facts about who has gained from that growth.

I'll give you a hint: It isn't the Teachers' Unions.

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