Posted on 12/22/2013 11:51:38 PM PST by Innovative
He uses statistics that ignore taxes and transfer payments. Faster growth is what the poor really need.
Unlike the other presidents since World War II, he places inequality above economic growth as the organizing principle of U.S. economic policy.
When a Democratic Congress passed the president's massive $800 billion stimulus bill, seven-eighths of the total went to transfer payments like Medicaid, food stamps and sending a check to millions of Americans who do not pay income taxes.
Gallup's payroll-to-population ratio, the proportion of the American population working full time, has dropped almost two full percentage points in the last year, to 43.8%.
Mr. Obama said in his speech that "making sure our economy works for every working American" is what "drives everything I do in this office." Accomplishing this worthy goal requires growth, not redistribution.
(Excerpt) Read more at online.wsj.com ...
More:
“If the goal is to deliver higher incomes and a better standard of living for the majority of Americans, then generating economic growth—not income inequality or the redistribution of wealth—is the defining challenge of our time.”
>> Inequality
anus <> vulva
Robert, this is not being “misguided.” The clown-in-Chief knows exactly what he’s doing and he’s doing this on purpose because this is what he believes in. Maybe if your company would stop shilling for fricking amnesty you would know this.
Actually this talk about “inequality” serves two purposes for Obama and the Dems: change the subject from Obamacare and rile up “the poor” to get them out to vote for the Dems in 2014.
Why the Obama Regime used Keynesian economics as the method to “stimulate” the economy is a serious question. It asks why such a method was used at all when it was known to be a failed system. The only conclusion we can make is that the Obama Regime used Keynesian economics to purposely create failure in America’s economy. Impeachment is in order here. We can only speculate for what purpose did they orchestrate that failure?
Keynesian economics fails because government mis-allocates resources, and because government can’t create wealth. It can only move it around.
Paying someone not to work does not grow the economy. When someone spends all of their money instead of saving or investing it, they will never be wealthy. They become dependent on the system.
Keynesian economics fails because of an effect called “Crowding Out.” Simply put, for every dollar of government spending, private investment must be reduced by the same amount. Since the government does not have a surplus of money to spend, it must sell treasury bills to finance this spending. Thus, personal and corporate savings are used to buy these T-bills, and these funds are no longer available for private spending and private investment. Thus any increase in government spending is exactly offset by a reduction in private investment and private spending.
When Keynesian policy fails to stimulate, the chorus from the left will be that the government didn’t do enough and didn’t spend enough. This is the chorus of a population dumbed down by a government controlled education system. The government will rush out an even larger stimulus package, but this time our Asian benefactors might not be so quick to finance it. In fact, they may decide it’s time to cash in their chips. If that happens, hyperinflation will ensue decimating what is left of the consumer’s purchasing power.
It should be common sense to know that Keynesian economics is a failed economic theory. Economic stimulation only increases the national debt and passes that debt on to our future. Austrian economics is the way to go. It is the Austrian economic model, that Paul Ryan knows well, that is the quickest road to recovery.
Unlike the other presidents since World War II, he places inequality above economic growth as the organizing principle of U.S. economic policy.
Wrong. President You Didn't Build That's only principle—admittedly a stretch—is the old communist compulsion to destroy America. Everything else is at most window dressing.
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it’s all rooted in his redistribution of wealth scheme.
Historically, real American Presidents from Kennedy to Reagan have used massive tax cuts to reignite a depressed economy. They used the tax cuts because they knew they would solve the problem instead of slipping the country further into recession.
Obama has not allowed a tax cut because he does not want to end the destructive depression we are in. He needs to destroy the economy, the middle class and the military because they will oppose the course he has set us on.
He has to destroy the economy completely to make us a third-world country.
Obama knows what would solve the recession. He deliberately will not do what is needed. For this crime he needs to be impeached and removed so we can begin to restore the America Obama is working to destroy.
We did not look to the government for a handout.
Obama wants to addict us to handouts. If we go that route we will never get free of his brand of socialism or worse.
obama is an economic moron....its economics 101; when the supply of jobs outstrips the demand then wages will skyrocket- not some farcical increase in the minimum wage...
MULTI-MILLIONARE Obama's FAKE Obsession With Inequality
LOL. Very good. Did you do the captioning yourself?
Great cartoon, love it! :)
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