Try 1973
Hi inflation due to Food/Oil prices.
Working wages moved up under Clinton.
Record number of new jobs created.
Affordable Housing constructed.
Reagan/Congress killed affordable local housing under local S&L.
Reagan hands off workers/hands on gamblers created step ladder distribution of income/wealth.
From 1946 to Reagan each Percentile increased almost evenly in percentage.
Reagan started it.Bush hit zoom trigger.
Let Wall Street Gamblers Gamble as they wish. Deja Vu of 1920 Coolidge Hands off.
Let local banks get involved in Big Time Gambling.
Greenspan 1% Interest and 4000B Increase in Total M-3 pushed it into hi gear
Clinton would have fought the distribution to the ultra rich
Global Trade zapped Mfg Industry over 30 years
Textiles-Apparel--Steel--Auto-Plastic-Food
Data processing
Move to Lowest Cost of Labor.
Remeber Textiles moving out of New England into Red Neck Country???
Many causes.
Jobs leaving will be killer over decades.
Mfg to Financial Society.
Trade with each other.
Gamble Gamble Gamble
Let her rip.
OH Heck Snake Eyes come help Uncle Sam.
I did not know having only $100 and coverng $4000 Bet would hurt.
Who dreamed Housing would decline in Value???? Never before. Why why why.
Our computers cannot predict unknowns.
IBM fault.
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