Quote:
Originally Posted by teomaxxx
not sure, if life in the US was exactly so (only seen it in movies) :
" ....the reality is back in the 1950s a guy had a job, he can support a wife and a large family – maybe 4 or 5 kids; his wife didn’t have to work; his kids all went to college and none of them had to borrow money; and he saved for his retirement – and he did all that on a middle-class income and a high school education, if that. Today, you need two paychecks to support a family, both of them need to have gone to college, and they can maybe have one or two kids and that’s it. Beyond that, they can’t even afford it – and they still have no savings. With all this booming prosperity how can it be that a middle-class family is so much worse off today than they were in 1950 ?"
from:
http://www.financialsense.com |
that's correct the US used to be number 1 in everything during the 1950s, why?
--> FDR (Franklin D. Roosevelt) who implemented the New Deal, the creation of the middle class.
Problem is that in the current US political scene, Roosevelt would be labeled a communist or at least a socialist.
What Americans always seem to forget is that "democracy" created the middle class and not "capitalism", in 1905 capitalism was thriving, but there were food lines and normal people were poor. It's only when normal people and some political leaders started demanding their share that they got out of poverty.