You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #1: If you want to get really sick, go back 40 years [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-26-08 11:19 PM
Response to Original message
1. If you want to get really sick, go back 40 years
40 years ago I was making maybe $.50 above minimum wage. I was able to afford a one bedroom apartment, a good used car, and I had healthcare and other benefits. I was able to take vacations at the beach, although the accommodations were far from plush. I was working full time and going to college part time. I did do my own cooking.

By 1978, that was all over. We'd seen double digit inflation for years, caused by oil shocks and blamed on unions. The minimum wage had been allowed to drop far below the poverty level. Early 1978 was the watershed year for older boomers to buy that first house since interest rates were jacked up very quickly later that year.

We've had nothing but conservatives from both parties since 1969, when Nixon was sworn in. Are we any better than we were 40 years, 30 years ago?

Not unless we inherited many hundreds of millions.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC