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We're all Archie Bunker

7/29/2016
By Charles Payne, CEO & Principal Analyst

 

Boy the way Glenn Miller Played
Songs that made the Hit Parade
Guys like us we had it made
Those were the days

Didn't need no Welfare states
Everybody pulled his weight
gee our old LaSalle ran great
Those were the days

And you knew who you were then
Girls were girls and men were men
Mister, we could use a man like Herbert Hoover again

People seemed to be content
$50 payed the rent
Freaks were in a circus tent
Those were the days

Take a little Sunday spin
Tonight I'll watch the dodgers win
Have yourself a dandy day that cost you under a fin

Hair was short and skirts were long
Kate Smith really sung the song
I don't know just what went wrong

-Those Were the Days
(Theme to All in the Family)

Lamenting the good old days is something that has become a rite of passage for each generation.  It seems that everyone remembers a time when the country was tougher and a buck went much farther.   Such was the case with Archie Bunker, the main character in the 1970s sitcom hit ‘All in the Family.’

Based on the British sitcom ‘Till Death Us Do Part,’ Archie was a working class WWII vet with disdain for the direction of the country.   The real middle-class squeeze was just beginning in 1971 when the show premiered.  Back then, the middle income household represented 62% of U.S. aggregated income; and now, it’s down to 43%.  Archie was considered the ‘lovable bigot.  Today, it’s hard to find any working- class person that doesn’t feel the same frustration.

If you throw away labels, it’s easy to say these days, we’re all Archie Bunker.

Charles Payne
Wall Street Strategies


 

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