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Obama on Economy: "The Gains Of Recovery Are Not Broadly Shared Enough"
RCP Video ^ | 10-2-2014

Posted on 10/02/2014 2:31:00 PM PDT by Sir Napsalot

PRESIDENT OBAMA: This progress has been hard, but it has been steady, and it is real. It is a direct result of the American people's drive and determination, and the decisions made by my administration.

So it is indisputable that our economy is stronger today than it was when I took office. At the same time, it is also indisputable that millions of Americans don't yet feel enough of the benefits of a growing economy where it matters most – in their own lives.

These truths aren't incompatible. Our broader economy has come a long way, but the gains of recovery aren't yet broadly shared.

..... (Obama Economic Address at Northwestern University, October 2, 2014)

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Business/Economy; Politics
KEYWORDS:
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Just listen to him in the address, an illeterate on economy.
1 posted on 10/02/2014 2:31:00 PM PDT by Sir Napsalot
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To: Sir Napsalot

What the F is he talking about?


2 posted on 10/02/2014 2:32:12 PM PDT by lesko
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To: lesko

Stealing from the have to give to the have nots. Same song, different venue.


3 posted on 10/02/2014 2:34:06 PM PDT by Resolute Conservative
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To: Sir Napsalot

He is more like a rapidly growing cyst, than haven grown the economy.


4 posted on 10/02/2014 2:35:27 PM PDT by illiac (If we don't change directions soon, we'll get where we're going)
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To: Sir Napsalot

Obama has a Phd( Piled high and deep) degree in bovine fecal”double speak” George Orwell would be impressed.
Freegards
LEX


5 posted on 10/02/2014 2:35:57 PM PDT by lexington minuteman 1775
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To: Sir Napsalot

I think he’s saying that he, The First Mooch, and their Spawn have done disproportionally better than productive citizens who contribute something other than corruption and dissension to society?


6 posted on 10/02/2014 2:37:37 PM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: Sir Napsalot

He was a career academic and a community organizer.
Why would we ever expect him to know jack about the economy?


7 posted on 10/02/2014 2:41:14 PM PDT by Buckeye McFrog
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To: Sir Napsalot

The answer to failed socialism by these turds is ALWAYS more socialism. He won’t let a crisis go to waste. He will say he needs more wealth distribution because of the effects of his failures.


8 posted on 10/02/2014 2:42:28 PM PDT by plain talk
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To: Sir Napsalot

Not a single true word in what he says—not even a, and, and the.


9 posted on 10/02/2014 2:43:06 PM PDT by Cicero (Marcus Tullius)
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To: Sir Napsalot

When the King speaks lies become truth.


10 posted on 10/02/2014 2:45:10 PM PDT by Ray76 (We must destroy the Uniparty or be destroyed by them.)
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To: lesko

One of the few that has had their wealth improve since Obama took office is the Obamas.
Mr. President, you have really done well for yourself thanks to your policies. Really well. Since everything that you and your family could possibly desire is paid for as one of the perks of your employer, how about taking some of your new found wealth and distributing it among the masses?
THAT would be how a leader takes care of his people...


11 posted on 10/02/2014 2:47:00 PM PDT by CPONav
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To: lesko
What the F is he talking about?

Who the F knows? Lord knows that he doesn't.

12 posted on 10/02/2014 2:47:24 PM PDT by windsorknot
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To: Sir Napsalot

So we have to redistribute what you’ve worked for. F OFF, Obunghole.


13 posted on 10/02/2014 2:59:40 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Sir Napsalot

He means: if you have any money we’re going to take it and give it to people who vote for me.


14 posted on 10/02/2014 3:00:27 PM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: CPONav

But what Obama conveniently leaves out of his sermons is that income inequality has grown faster on his watch than any time in the past two decades, at least.

Research by University of California economist Emmanuel Saez shows that since the Obama recovery started in June 2009, the average income of the top 1% grew 11.2% in real terms through 2011.

The bottom 99%, in contrast, saw their incomes shrink by 0.4%.

As a result, 121% of the gains in real income during Obama’s recovery have gone to the top 1%. By comparison, the top 1% captured 65% of income gains during the Bush expansion of 2002-07, and 45% of the gains under Clinton’s expansion in the 1990s.

The Census Bureau’s official measure of income inequality — called the Gini index — shows similar results. During the Bush years, the index was flat overall — finishing in 2008 exactly where it started in 2001.

It’s gone up each year since Obama has been president and now stands at all-time highs.

Read More At Investor’s Business Daily: http://news.investors.com/ibd-editorials/073013-665705-income-gap-grew-sharply-under-obama.htm#ixzz3F1o4MnZS


15 posted on 10/02/2014 3:09:48 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: Buckeye McFrog
He did put in one afternoon scooping ice cream at a Baskin Robbins in Honolulu...
16 posted on 10/02/2014 3:10:06 PM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: lesko
What the F is he talking about?

Higher taxes on those who fund government.

17 posted on 10/02/2014 3:25:09 PM PDT by Pearls Before Swine
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To: Eric in the Ozarks

Oh, yeah, I forgot about that. Silly me!!!


18 posted on 10/02/2014 3:25:30 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Sir Napsalot

To prove he’s not just some ordinary, garden variety hypocrite, Obama needs to set an example and IMMEDIATELY donate 95% of all of his wealth and earnings to the poor. Once he does that, then I think he can speak with some authority about what he thinks the rest of us should do. Until then, Obama is just one more of those pigs more equal than the rest of us pigs.


19 posted on 10/02/2014 3:25:43 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Sir Napsalot

As long as the roots are not severed, all will be well in the garden.

20 posted on 10/02/2014 3:52:02 PM PDT by FredZarguna (His first name is 'Unarmed,' and his given middle name is 'Teenager.')
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