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Income Inequality
#1
Well, it's here again, election season. The campaign leading up to the mid-terms is already in full swing. As was the case in the last presidential election, Dems will be throwing everything imaginable against the wall to see what sticks. China has the year of the rat, the year of the monkey, the year of the pig, etc. I suppose for the US, we will see if this will be the year of the gullible. The main thrust, according to leading Dems, will be to generate even more divide in this country over what they perceive to be income inequality. In a patently obvious attempt to again (remember the false Romney smears?), take voters attention off of the incredibly replete and diverse array of scandals and congressional misstatements relative to ObamaCare and other short falls, and get them to focus on an idea that could only be intended to inspire civil unrest and resentment for the successful. I mean, the misleading 1% argument worked very well against Romney, why not see if it will fly again?

Just to think back to the presidential campaign of 2008 for a minute. In that election season, Obama promised so many people so many things even the political cartoonists were having a heyday drawing about it. Nothing much has changed since then. He's still promising the moon but, delivering something kind of cheesy. Therefore, I believe the income inequality argument is another ruse intended, like the hinted at promise of free health care, to make people believe keeping the Dems in power will result in more lavish gifts to be handed out to the public. Higher wages and better jobs all around. Of course the biggest problem with that is that we haven't seen the faintest glimmer of such a scenario in the past 5 years.

The University of California may well be among the most liberal of schools in existence. Here are some statistics generated from research done by Cal economist Emmanuel Saez. "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."
http://townhall.com/tipsheet/katiepavlic...s-n1763757

Let's see, the much maligned top 1 percenters captured 121% of the gains during Obama's recovery starting in 2009, compared to a piddling 65% of gains that went to the top 1% during the administration of the granddaddy, of great presidential satans, George W Bush, LOL.

I can scarcely wait to see if Republicans can fend off the coming crap tsunami or, allow themselves to be defined by the Dems yet again.
[SIGPIC][/SIGPIC]
Messages In This Thread
Income Inequality - by TheRealThing - 01-23-2014, 11:34 PM
Income Inequality - by Granny Bear - 03-06-2014, 08:48 AM
Income Inequality - by TheRealThing - 03-06-2014, 11:57 AM
Income Inequality - by WideRight05 - 03-06-2014, 12:31 PM
Income Inequality - by Granny Bear - 03-06-2014, 12:39 PM
Income Inequality - by TheRealThing - 03-06-2014, 01:30 PM

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