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 ...
What the F is he talking about?
Stealing from the have to give to the have nots. Same song, different venue.
He is more like a rapidly growing cyst, than haven grown the economy.
Obama has a Phd( Piled high and deep) degree in bovine fecal”double speak” George Orwell would be impressed.
Freegards
LEX
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?
He was a career academic and a community organizer.
Why would we ever expect him to know jack about the economy?
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.
Not a single true word in what he says—not even a, and, and the.
When the King speaks lies become truth.
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...
Who the F knows? Lord knows that he doesn't.
So we have to redistribute what you’ve worked for. F OFF, Obunghole.
He means: if you have any money we’re going to take it and give it to people who vote for me.
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
Higher taxes on those who fund government.
Oh, yeah, I forgot about that. Silly me!!!
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.
As long as the roots are not severed, all will be well in the garden.
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