Quoted Text

The Obama Economy

By BERNIE SANDERS

JUNE 28, 2016

Surprise, surprise. Workers in Britain, many of whom have seen a decline in their standard of living while the very rich in their country have become much richer, have turned their backs on the European Union and a globalized economy that is failing them and their children.

And it’s not just the British who are suffering. That increasingly globalized economy, established and maintained by the world’s economic elite, is failing people everywhere. Incredibly, the wealthiest 62 people on this planet own as much wealth as the bottom half of the world’s population — around 3.6 billion people. The top 1 percent now owns more wealth than the whole of the bottom 99 percent. The very, very rich enjoy unimaginable luxury while billions of people endure abject poverty, unemployment, and inadequate health care, education, housing and drinking water.

Could this rejection of the current form of the global economy happen in the United States? You bet it could.

During my campaign for the Democratic presidential nomination, I’ve visited 46 states. What I saw and heard on too many occasions were painful realities that the political and media establishment fail even to recognize.

In the last 15 years, nearly 60,000 factories in this country have closed, and more than 4.8 million well-paid manufacturing jobs have disappeared. Much of this is related to disastrous trade agreements that encourage corporations to move to low-wage countries.

Despite major increases in productivity, the median male worker in America today is making $726 dollars less than he did in 1973, while the median female worker is making $1,154 less than she did in 2007, after adjusting for inflation.

Nearly 47 million Americans live in poverty. An estimated 28 million have no health insurance, while many others are underinsured. Millions of people are struggling with outrageous levels of student debt. For perhaps the first time in modern history, our younger generation will probably have a lower standard of living than their parents. Frighteningly, millions of poorly educated Americans will have a shorter life span than the previous generation as they succumb to despair, drugs and alcohol.

Meanwhile, in our country the top one-tenth of 1 percent now owns almost as much wealth as the bottom 90 percent.Fifty-eight percent of all new income is going to the top 1 percent. Wall Street and billionaires, through their “super PACs,” are able to buy elections.

Quoted from CICERO

The Obama Economy

By BERNIE SANDERS

Quoted from Box A Rox

What position is Obama Running For In The November Election???

Quoted from CICERO

He's running to preserve his own legacy and that of the democrat party and their 8 year stewardship over the economy, which Bernie Sanders has statistically shown as a disaster.  The rich have gotten much richer, and the poor much poorer, and now the start of social unrest.

Quoted from Box A Rox

Social Unrest?  Oh, you mean the grass roots anger over the Republican Congress inaction
on Gun Control.
Yes... Social Unrest!!!

Quoted from CICERO

Republican inaction?  Democrats had total control of Congress Obama's first 2 years in office.  Does that get omitted from the history books?

Quoted from Box A Rox

So is this a history lesson?  Cissy want's to blame the 2009 congress...
Sandy hook happened in the last few days of 2012.
Aurora happened in 2012.
San Bernadino happened in 2015.
September 27, 2012... 5 killed at Sikh temple
etc etc etc

Quoted from CICERO

Ohhh...all the shootings prior to 2009 were fine.  Hmmmm...wonder why Bill Clinton had an assault rifle ban?

Thanks for the history lesson.

Quoted from Box A Rox

You are the one who blamed Obama.... So I started with his presidency.
Lets go back to previous presidents and their thoughts on gun legislation.

Quoted from CICERO

What does Reagan have to do with what Obama and the Democrats didn't do?  Isn't this just more evidence of Democrat party inaction? You are going back 28 years now.