His words say one thing yet his policies say another. If you aren’t listening closely you might not hear the contradiction in everything Obama says and does. Not only recently with the erratic and mystifying policy with Syria, but just about every day with his speeches about “income inequality”, “the richest 1% not paying their fair share” and the always reliable, “I’m trying to help the middle class”.
Is he really? Let’s take a look at what has transpired since Barak Obama has been in office. Emmanuel Saez, a University of California economist did a study that shows that since the Obama “recovery” started in 2009, the average income of the top 1% (and I am not talking about people in the $250K range), has increased by 11.2% in real terms through 2011. Whereas the bottom 99% saw their incomes shrink by 0.4%. 121% of the gains have gone to the top 1% under Obama. Since the left loves to bash President Bush, they should look at the stats for the years under his control. In 2002-2007, the top 1% only took in 65% in income gains during his expansion.
This economic inequality has gone up every year Obama has been in office and now stands at an all-time high.
Redistribution of wealth is not the answer. It doesn’t affect the 1% and it never trickles down to the 99%. When is the left going to get the message?
Obama bashes the rich in his speeches to the American people; he fuels the fire for his class warfare by agitating people and making them believe that they are not getting “their fair share”. However, behind closed doors, he placates his buddies and makes sweetheart deals with them, probably telling them not to worry; he just has to play the game. After all, he bailed out big banks, shoveled billions to GM, wrote huge checks to “green energy” companies, and increased the size of federal bureaucracy making bureaucrats richer. He has made it easier for illegals to come in and work which hurts the working poor, and he has made being a lawyer for wealthy corporations a booming business! With all of the regulations being imposed on businesses large and small, being an attorney in D.C. seems like a good bet.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for November 21st, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 17th, 2014 | John Ransom