USA USA USA, We're #1, OK then we're #2. #3,#4,#5??? #10? #15??? Surely #20!
~America is the richest country on Earth. ~ We have the most millionaires, ~ the most billionaires ~and a increasingly poor "middle class."
Compared to the rest of the world, the USA's Middle Class is an embarrassing #27th
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
Obamanomics: Rich Get Richer, Everyone Else Poorer Posted 04/24/2013 06:59 PM ET
When President Obama first ran in 2008, he claimed his economic policies would "foster economic growth from the bottom up and not just from the top down." He said he'd put in place "an immediate rescue plan for the middle class" and would end the "tired, worn-out, trickle-down ideologies we've been seeing for so many years."
Obama got all he wanted in his first two years in the White House, when Democrats had solid control of Congress — a massive stimulus, auto industry bailouts, temporary middle class tax cuts, vast new regulations on businesses and ObamaCare.
But his policies produced the exact opposite of what he'd promised. The latest evidence is a Pew Research Center report out this week, which shows that only the rich have made gains under Obama, while everyone else has fallen further behind.
Using Census data on net worth, the Pew report found that from 2009 to 2011, the richest 7% of Americans saw their net worth climb an average $697,651 — equal to a 28% gain.
The rest of the country saw their net worth drop an average $6,079 — equal to a 4% loss.
As a result, far from making the country more equal, Obama's policies have produced a greater concentration of wealth, with the share of wealth held by the top 7% rising to 63% in 2011, up from 56% in 2009, Pew found.
Pew said this disparity is a result of stocks and bonds rallying over these years, while the housing market remained flat.
But several other indicators show the same trend under Obama — the rich getting richer and the poor getting poorer.
The Census Bureau's latest report on household income, for example, found that in 2011 the wealthiest 20% of households saw their average income climb 2%, while every other income group suffered losses.
Since Obama took office, the average income of the poorest 20% of households fell nearly 8% to levels last seen in the Reagan era.
In addition, the Gini index, which measures income inequality, has climbed steadily under Obama, after remaining flat under President Bush.
Meanwhile, higher paying jobs lost during the recession are being replaced by lower paying jobs in the Obama recovery, which hurts the middle class.
And the sluggish job market during Obama's recovery has left a massive pool of long-term unemployed, whose ability to get a job diminishes month by month. That, in turn, has led to millions giving up looking for work altogether, or taking a part-time job to help make ends meet.
Sentier Research, which tracks monthly median household income, finds that incomes dropped more during Obama's recovery than during the recession itself, and are still down 8% from when Bush left office.
What's more, throughout the Obama recovery, the poverty rate kept climbing, food stamp enrollment continued to skyrocket, and millions left the labor market altogether to go on permanent disability.
There's no mystery why all this is happening. Obama's economic policies — increasingly burdensome regulations and the threat of ObamaCare, higher taxes on investors, a misguided Keynesian stimulus, and massive debt — have suffocated what should have been a strong recovery, leaving an economy in which only the wealthy can make gains while every one else slips further behind.
The real mystery is why Obama's dismal economic results and the need for a serious course correction aren't getting the public attention they deserve.
[b]Obamanomics: Rich Get Richer, Everyone Else Poorer Posted 04/24/2013 06:59 PM ET
When President Obama first ran in 2008, he claimed his economic policies would "foster economic growth from the bottom up and not just from the top down." He said he'd put in place "an immediate rescue plan for the middle class" and would end the "tired, worn-out, trickle-down ideologies we've been seeing for so many years."
When Obama was running for US President, the Bush Economic Meltdown was just beginning. Had Bushy practiced sound economics (even sound Republican economic policy) the Bush Economic Meltdown might have been a downturn, instead of a total disaster. Bush invaded two countries on credit, while giving the wealthiest Americans a huge tax cut... Where does that fall into the term CONSERVATIVE in any senses of the word.
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
When Obama was running for US President, the Bush Economic Meltdown was just beginning. Had Bushy practiced sound economics (even sound Republican economic policy) the Bush Economic Meltdown might have been a downturn, instead of a total disaster. Bush invaded two countries on credit, while giving the wealthiest Americans a huge tax cut... Where does that fall into the term CONSERVATIVE in any senses of the word.
How does the recession in 08 and the Obama's economic policy response that resulted in the rich getting richer 5 years later have to do with Bush? Why did the Obama "recovery" go to the ultra rich? Obama campaigned on spreading the wealth, statistics show that he spread the wealth from the poor to the rich.
How does the recession in 08 and the Obama's economic policy response that resulted in the rich getting richer 5 years later have to do with Bush? Why did the Obama "recovery" go to the ultra rich? Obama campaigned on spreading the wealth, statistics show that he spread the wealth from the poor to the rich.
Assuming that the rich would actually PAY THEIR TAXES instead of hiding their money offshore, the country would be doing much better.
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
How does the recession in 08 and the Obama's economic policy response that resulted in the rich getting richer 5 years later have to do with Bush? Why did the Obama "recovery" go to the ultra rich? Obama campaigned on spreading the wealth, statistics show that he spread the wealth from the poor to the rich.
The truth is that this mess started when Clinton and Cuomo (dems and reps alike) rigged the Fannie Mae/Freddie Mac housing market WITH a lie and tax payer's money. Bush was too busy chasing WMD and creating the patriot act, while the housing market was collapsing. So bush gave obama the gift of the patriot act, he also handed over the housing bubble that burst. The dems and reps all knew years before that this bubble was in a slow leak....and that the end was in sight.
So obama did what any red blooded american politician would do......used even MORE taxpayer's money to bail out the banks that where forced to give out these government loans. Made the banks promise to hold on to these foreclosed homes for FIVE years in hopes that the housing market would rebound by then...which ends in 2014. (there are almost 1/2 million foreclosed homes in NYS ALONE that will be cut loose next year!!)
Guess what's gonna happen to the housing market then? Once these foreclosure hit the market next year.....ALL homes will lose value!
Taxpayers will get screwed AGAIN!!!
And don't be fooled here folks.....the dems/reps TOGETHER knew about this and worked hand and hand to get us where we are today!!! It's all about GREED and POWER....and it apparently starts with our government.
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
Assuming that the rich would actually PAY THEIR TAXES instead of hiding their money offshore, the country would be doing much better.
As of January 1st, 2013 Obama raised the payroll tax 2%. Obama elected to take 2% of the middle class and poor's income. He signed it, he approved it, he owns it. So much for being the champion of the working class.
Australian political ad: " A health care system as bad as America’s?"
In Australia, America's health care system is the one scaring people.
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
Australian political ad: " A health care system as bad as America’s?"
In Australia, America's health care system is the one scaring people.
A public Union against privatization... geez, I never heard that pitch before.
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
A public Union against privatization... geez, I never heard that pitch before.
They site the US Health Care system as a fear tactic to promote their own public health care system.
36 Countries That Have Better Healthcare Systems Than The US
The US healthcare system came in 15th in overall performance, and first in overall expenditure per capita. That result meant that its overall ranking was 37th in the 2000 World Health Report.
Ten years later the USA finished 7th in a field of 7, dead last in the 2010 World Health Report.
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
They site the US Health Care system as a fear tactic to promote their own public health care system.
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Then they shouldn't look to the US when searching for things like cancer centers, diabetes clinics, and heart care centers....truth is, they do....St Peters in Albany has SEVERAL European patients in Country for consultation and treatment...They must be pretty stupid coming to the bottom feeder country for healthcare..
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
Who wants to be part of a system? Isn't a system the antithesis of freedom?
Cissy wants the USA to be FREE... free to die from lack of health insurance. (But Cicero will be the first one in line when he's out of work, out of money and out of health insurance and needs it's services)
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
Cissy wants the USA to be FREE... free to die from lack of health insurance. (But Cicero will be the first one in line when he's out of work, out of money and out of health insurance and needs it's services)
I asked a simple question. Is the requirement to be part of a human system managed by other humans freedom?
Quoted Text
freedom[ free-duhm ] noun 1. the state of being free or at liberty rather than in confinement or under physical restraint: He won his freedom after a retrial. 2. exemption from external control, interference, regulation, etc. 3. the power to determine action without restraint.
freedom 1. the state of being free or at liberty rather than in confinement or under physical restraint: He won his freedom after a retrial. 2. exemption from external control, interference, regulation, etc. 3. the power to determine action without restraint. 4. political or national independence. 5. personal liberty, as opposed to bondage or slavery
Also: ~ the quality or state of being free, esp to enjoy political and civil liberties ~ autonomy, self-government, or independence
And in Cicero's case, The freedom to vote for your representative government, and the freedom to leave this country if it doesn't suit you.
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
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