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Contrast McCain: U.S. Economoic woes psychological vs. Reagan: are you better off now?

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Democrats_win Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-20-08 05:22 PM
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Contrast McCain: U.S. Economoic woes psychological vs. Reagan: are you better off now?
Further proof that Republicans want it Both Ways.

Today, McCain said, "and a lot of our problems today, as you know, are psychological - the confidence, trust, the uncertainty about our economic future, ability to keep our own home,"
http://www.presstv.ir/detail.aspx?id=52422§ionid=3510203

Paul Kruman recently described Reagan's comments: "When Ronald Reagan famously asked, “Are you better off than you were four years ago?,” the correct answer was “Yes.” Median household income, adjusted for inflation, was higher in 1980 than it had been in 1976. But gas lines and double-digit inflation made people feel that things were falling apart.
http://www.nytimes.com/2008/04/14/opinion/14krugman.html

Now what do we have? Local newspapers have been FULL of foreclosure notices for 4 years!!! Gas prices are terribly high and we wonder how our efforts in Iraq are really making a difference. I guess my concerns are psychological.

According to Krugman:

"Our bleakness partly reflects the fact that most Americans are doing considerably worse than the usual economic measures let on. The official unemployment rate may be relatively low — but the percentage of prime-working-age Americans without jobs, which isn’t the same thing, is historically high. Gross domestic product is up, but the inflation-adjusted income of the median family is probably lower than it was in 2000."

Thus our concerns in 1980 and 2008 were both psychological yet our concerns in 2008 are actually correct. In 1980 Republicans said we should change and vote for the old out-of-touch b-movie star. Now, they would have us believe that we should continue a situation in which we are definitely worse off and vote for the old rich out-of-touch Republican.







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