re: Bill Clinton: I Know Why American Incomes Are Stagnant

Someone on here posted a graph about a week ago showing how how the gap in wealth had grown basically every year since 1950. They were posting it to somehow support the idea for MORE government intervention into the economy to solve it.

I found this funny because if anything, the graph appears to directly correlate to the growth of government inversely. IE, as our government has become ever more regulatory and ever more of a nanny state, the graph showed the lower classes sharing in LESS of the accumulated wealth. Hmmmmmmm

A caveat. Let's be fair and also point out that another reality is that in 1950, the rest of the world was recovering from WWII while our economy boomed practically unfettered by competition. Our lower classes are simply seeing what happens when the rest of the world's workers compete with them.

We can whine all we want about that last reality but, it's a reality that government aint gonna fix and will just screw shite up more if they try.