this decline has been in the making for decades! both the dems and reps were part of the plan. they can BOTH take a bow for success!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Obama Calls Income Gap 'Wrong' — After Widening It Posted 07/30/2013 06:22 PM ET Obamanomics: The president has been decrying the growing gap between rich and poor in the U.S. to help sell his retread tax-and-spend proposals. But those policies have already produced record levels of income inequality.
In his speech in Illinois last week, and at events since, Obama described income inequality in the starkest terms. "This growing inequality is morally wrong," he said, and "undermines the very essence of America."
To be sure, income inequality is a standard trope for liberals, who always use it to advocate more wealth redistribution.
And Obama's latest focus neatly coincides with his plans to push for more federal spending and taxes on the "rich" in coming budget battles.
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.
It's worth underscoring that the growing income gap under Obama isn't the result of the rich getting fabulously richer. Nor is it any sort of indictment of "trickle down" economics.
Instead, it is the direct result of Obama's historically weak economic recovery, which has left the rest of the country falling behind while the wealthy have managed to make gains.
Census data show, for example, that the poorest 20% of families saw their real average income continue to fall each year from 2009 to 2011 — the last year for which the Census has data — while the top 20% recouped losses suffered in the recession.
The evidence of decline among the nation's most vulnerable shows up elsewhere. There are 2.7 million more people in poverty than there were in 2009. And 14 million more are on food stamps today than in 2009. And after four years of economic recovery, there are still 4.3 million long-term unemployed.Meanwhile, researchers have found that high-paying jobs lost during the recession are being replaced, if at all, largely by low-paying jobs in the Obama recovery.
All this is in stark contrast to previous economic recoveries, which generally saw at least some income gains across the Census Bureau's income groupings.
Despite this record, Obama's answer is simply to increase the dose of the very same treatments — more government spending, more taxes, more intrusions into the marketplace in the name of "shared prosperity" — that hobbled the recovery and produced the very misery he now claims he can fix.
In other words, Obama is selling snake oil. And that's what's morally wrong.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I can name many more reasons to shut down the federal government.
If you hate it so... why stay here. There are lots of examples of what a country looks like with out a functioning government... why put up with this system if what you really want is something the opposite?
Why not leave??? If that isn't an option, why not change the system from within? Why just sit day after day on your computer and complain about the system and do nothing about it. You won't even bother to vote for (in your view) a better system.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
We will see if the GOP has any balls because this is really easy to do.
Tack on to the spending bill to defund Obamacare and leave everything else alone.
Obama will ACTUALLY have to make a decision (very rare for this POTUS). Shut down the government to save his pet project or sign it and keep government open and kill his pet project.
I'm surprised your position hasn't 'evolved' when it comes to Obamacare since your brothers at the union have rejected it.
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
IRS Chief: I Want to Keep My Health Care Plan, Not Switch to Obamacare 12:02 PM, Aug 1, 2013 • By DANIEL HALPER
IRS chief Daniel Werfel says he wants to keep his health care plan, not switch to Obamacare:
"Mr. Werfel, last week your employees who are a member of the National Treasury Employee's Union sent a form letter for union members to send in to ask they be exempt from the exchanges," a congressman asked. "Why are your employees trying to exempt themselves from the very law that you're tasked to enforce?"
"I don't want to speak for the NTEU, but I'll offer a perspective as a federal employee myself and a federal employee at the IRS," said the IRS chief. "And that is, we have right now as employees of the government, of the IRS, affordable health care coverage. I think the ACA was designed to provide an option or an alternative for individuals that do not. And all else being equal, I think if you're an individual who is satisfied with your health care coverage, you're probably in a better position to stick with that coverage than go through the change of moving into a different environment and going through that process. So I think for a federal employee, I think more likely, and I would -- can speak for myself, I would prefer to stay with the current policy that I'm pleased with rather than go through a change if O don't need to go through that change." http://www.weeklystandard.com/.....bamacare_742429.html
IRS Chief: I Want to Keep My Health Care Plan, Not Switch to Obamacare 12:02 PM, Aug 1, 2013 • By DANIEL HALPER
IRS chief Daniel Werfel says he wants to keep his health care plan, not switch to Obamacare:
"Mr. Werfel, last week your employees who are a member of the National Treasury Employee's Union sent a form letter for union members to send in to ask they be exempt from the exchanges," a congressman asked. "Why are your employees trying to exempt themselves from the very law that you're tasked to enforce?"
"I don't want to speak for the NTEU, but I'll offer a perspective as a federal employee myself and a federal employee at the IRS," said the IRS chief. "And that is, we have right now as employees of the government, of the IRS, affordable health care coverage. I think the ACA was designed to provide an option or an alternative for individuals that do not. And all else being equal, I think if you're an individual who is satisfied with your health care coverage, you're probably in a better position to stick with that coverage than go through the change of moving into a different environment and going through that process. So I think for a federal employee, I think more likely, and I would -- can speak for myself, I would prefer to stay with the current policy that I'm pleased with rather than go through a change if O don't need to go through that change." http://www.weeklystandard.com/.....bamacare_742429.html
LOL. Did you read your own post??? If they now have health insurance, (and they do) nothing will change. They don't have to change anything and keep their present health care coverage.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The S&P 500 is now up 19% on the year, as is the Dow. The Nasdaq Comp’s up 21% and the Russell 2000 is up 25%. Wall Street Journal
Today’s rally is being partially attributed to the fact that jobless claims declined to their lowest level in five years.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
We will see if the GOP has any balls because this is really easy to do.
Tack on to the spending bill to defund Obamacare and leave everything else alone.
Obama will ACTUALLY have to make a decision (very rare for this POTUS). Shut down the government to save his pet project or sign it and keep government open and kill his pet project.
I'm surprised your position hasn't 'evolved' when it comes to Obamacare since your brothers at the union have rejected it.
you make perfect sense buck.....HOWEVER.....obamacare has been in the making for decades by both the left and right. it just happens to be that a lefty was in power when the time was ripe for the pickins. it may have 'appeared' that the reps did nothing to reform health care, when in fact they helped the process along by actually doing NOTHING! their lack of appearance was what helped the process continue on it's path!! The sheople are beginning to realize that they are both one in the same....the 2 party system is a fraud. The only benefit of our present 2 party system is that it keeps the sheople divided and the LAME STREAM MEDIA in it's lucrative business!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
The S&P 500 is now up 19% on the year, as is the Dow. The Nasdaq Comp’s up 21% and the Russell 2000 is up 25%. Wall Street Journal
Today’s rally is being partially attributed to the fact that jobless claims declined to their lowest level in five years.
My God Boxy, you'll pull most anything out of your a** to try and make Obama look good and as usual, have no fcuking clue on what your talking about.
Obama still has a net job loss of well over 1M since taking office 5 years ago. Growth this year has been total shite with only 1.2% and 1.7% so far each quarter.
Oh yeah...The stock market
Fed chairman Ben Bernanke has been pumping $87B per month buying up bonds.
It's just a bubble.
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
My God Boxy, you'll pull most anything out of your a** to try and make Obama look good and as usual, have no fcuking clue on what your talking about.
Ya think???
sh!t just falls out of boxys mouth!!!
one can only hope that boxy is in the minority of the 'clueless'!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
...I owe everything to king Barack!
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