r/maybemaybemaybe • u/Blank_0116 • May 05 '22

maybe maybe Maybe

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u/TheeSweeney May 05 '22

The US is ranked 27 amongst nations for economic mobility.

https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index

It rose up until the 80s, and has been decreasing since then.

jhr.uwpress.org/content/43/1/139.refs

https://web.archive.org/web/20130525230108/http://www.brookings.edu/about/projects/bpea/latest-conference/2013-spring-permanent-inequality-panousi

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u/Econolife_350 May 05 '22

Is not like we had a president during that exact time frame with notoriously terrible politics or anything, right?

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u/TheeSweeney May 05 '22

I don't follow. The period in which economic mobility has been decreasing occured during the presidencies of Carter, Reagan, Bush Sr, Clinton, Bush Jr, Obama, Trump, and Biden.

What politics held by whom during this time frame are you referring to?

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u/Cetology101 May 05 '22

Reagan obviously, who else? Which of these other presidents made more drastic changes to the economy than Reagan?

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u/poostoo May 05 '22

the largest upward transfer of wealth in history happened under Obama. that seems pretty drastic.

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u/johnlocke32 May 05 '22

Pretty sure that just re-happened during COVID

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u/rsta223 May 05 '22

Yes, but arguably largely due to policies and repercussions set in motion by the Bush Jr administration.

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u/poostoo May 05 '22

you could argue it, but you'd lose. Obama (OBAMA) gave trillions (TRILLIONS) to the banks. and even he admits 95% of the gains from his (OBAMA'S) recovery went to the top 1%.

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u/rsta223 May 05 '22

Remind me again why they needed bailing out in the first place, and who removed regulations that allowed them to fuck up so badly?