Posted on 02/06/2014 5:32:23 AM PST by Cincinatus' Wife
The great Obama contradiction on the economy is this: he takes credit for the improved economy, but openly admits that in this recovery almost all of the gains have gone to the very rich.
Here is the disturbing passage from Obama's State of the Union speech that I refer to:
“What I believe unites the people of this nation ... is the notion that if you work hard and take responsibility, you can get ahead.
“That belief has suffered some serious blows. ... Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled. The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by — let alone get ahead. And too many still aren't working at all.”
What a downer.
An alarming Fox News poll found that more than half of Americans think the recession is still with us. Ironically, those who have seen the least progress tend to be single women, the young, blacks and Hispanics. These were the very groups that voted in 2012 in large majorities to re-elect Mr. Obama.
Whose fault is it that inequality has widened and the middle class has lost ground? There's no blaming this half-baked recovery on George W. Bush or Ronald Reagan or the Republican House or bad weather.
Obama's poll-tested focus on inequality and a struggling middle class is an indictment of his own policies. Debt, stimulus, ObamaCare, welfare expansions, green energy and higher tax rates were all supposed to lift the middle class and poor from this funk. This was supposed to be a shared prosperity and we have gotten just the opposite.
This middle-class malaise is a departure from the previous recoveries that began under Reagan in 1982 and the early 1990s expansion under Clinton. In both of these booms the middle class enjoyed strong gains in income and job opportunities. Census Bureau data reveal that from 1982 through 2005 real middle-income families gained about 25 percent to 30 percent in income.
Upward income mobility was the hallmark of the 1980s and 1990s. The stall-out began in the 2000s under George W. Bush, but it has become a crisis under Barack Obama.
This is because almost all of Obama's economic strategies have obsessed over “sharing the wealth,” rather than creating it. History proves that growth is the best antidote to poverty.
What exactly are the growth policies that Obama is pursuing? Raising the minimum wage? Extending unemployment benefits? More shovel-ready infrastructure projects financed with debt? These won't ignite robust growth that helps lift those at the bottom into the middle class.
Obamanomics has produced the weakest and most unbalanced recovery in 50 years. Obama's own words in his State of the Union address only highlighted the stunning failure. His solution was full speed ahead on ObamaCare, debt spending, renewable energy and Robin Hood redistribution schemes.
This will only put the middle class in an even deeper hole — and Obama's own words and record prove it.
Stephen Moore is chief economist for The Heritage Foundation (heritage.org).
Thanks for posting the entire article.
Washington, Obama included, are owned by the big boys and it is showing. Zer0 deserves an academy award from his Hollywood sweethearts for portraying himself to be all-in for the little guy, all the while deliberately stacking the deck against them. He is a criminal. No, Ted Baxter, his heart is absolutely and unequivocably NOT in the right place!!
This is no recession, we are in a Full Blown Depression, every bit as bad as the Great Depression, and both were/are being made worst by governmental meddling.
the Limbaugh Theorem holds true yet again
Not to mention the government lies!
Meddling is one thing; criminal conspiracy is another.
The lies the government tells us to cover their meddling and criminal activity complete the loop.
And, when the “Fourth Estate” is bought and paid for by the meddling criminal liars, We the People suffer, and suffer and suffer.
And, pay and pay and pay!
I am damn sick and tired of the Kabuki Theater that the Evil Inside the Beltway crowd has foisted on us!
November 4, 2014 will be a day of reckoning. We’d best elect some honest conservatives to the House and Senate, or the USA will become just another ho-hum lawless third world country.
Wake up America!
Volvo to cut thousands of jobs
http://www.belfasttelegraph.co.uk/news/world-news/volvo-to-cut-thousands-of-jobs-29985649.html
Are Mitsubishi and Volvo on the Way Out?
By Jim Sharifi
11:50AM May 29, 2013
http://usnews.rankingsandreviews.com/cars-trucks/best-cars-blog/2013/05/Are_Mitsubishi_and_Volvo_on_Their_Way_Out/
good article. even Low info voters can understand it.
bammy boy has passed out multimillion dollar and billion dollar gifts to his elite class, the class that he represents....
we're so dumbed down, so morally bankrupt, that people accept idleness and laziness.
we need a thrifty working class and we've lost it...
That government is best which governs least.
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