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Fumesucker

(45,851 posts)

6. Stagflation, wage-price controls, oil shock, etc..

Reply to kentuck (Reply #2)

Wed May 2, 2012, 10:21 AM

May 2012

A perfect storm that allowed the 1% to grasp ever more rigid control of both the economy and the government.

http://en.wikipedia.org/wiki/Stagflation#Explaining_the_1970s_stagflation

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40 Years Of Workers Left Behind (CHART) [View all] ProSense May 2012 OP

So what does Obama propose to do about it if he's re-elected? Lionessa May 2012 #1

President Obama can't do it all NNN0LHI May 2012 #3

So what is he going to do to strengthen unions? And whistle-blowers, he seems to not like them Lionessa May 2012 #4

I just told above you what it is going to take to strengthen unions NNN0LHI May 2012 #9

Problem is,. . . people don't have the protection of keeping their jobs Lionessa May 2012 #12

Why were wages tied to productivity up until about 1972 ?? kentuck May 2012 #2

Stagflation, wage-price controls, oil shock, etc.. Fumesucker May 2012 #6

not a perfect storm, if by perfect storm you mean unavoidable natural phenomenon. Actually, HiPointDem May 2012 #15

Union busting. n/t hootinholler May 2012 #7

Morning In America jeff47 May 2012 #8

Fiat currency. ParkieDem May 2012 #11

deliberate attack on the working class by any and all means necessary. HiPointDem May 2012 #14

In 1980, Americans elected a union-busting fatcat. That's coalition_unwilling May 2012 #5

And a lot of those Reganites are still with us too NNN0LHI May 2012 #10

They should add a line to that chart... toddwv May 2012 #13

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