The effects of Republican economic policy

The average income of the bottom 90% of Americans, adjusting for inflation, peaked in 1973. Today we earn $74 per week less than in 1973, while at the top, income has grown exponentially. From 2003-2005, just the INCREASE in income of the top 1% was greater than the total income of the bottom 20%. The top 1% got $1.37 increase in their income for every dollar earned by the poor.

After WWII, bipartisan policies set up the US economy to benefit the middle class, and to set up the poor to elevate themselves to the middle class. This is history. In recent times we have radically cut back on worker and consumer protections. We have cut back protection laws in banking to legalize loan sharking by institutions.

Hidden and subtle government policies are finding more and more ways to tax and take from the poor and middle class, while giving more subsidies to the very richest.


I wish I could say that the Democratic party was not implicated, but they could have done more to stop this class warfare, and indeed some party members have caved into the economic lure of the lobbyists buying them off. However, on a whole they still are the sole national political voice looking out for the interests of the US Citizenry. That is because part of the Republican Party's agenda is to show unity for taxing the middle class into the lower class, and further enriching the rich with the spoils.