Skip to comments.Obama Economic Policies Exposed [Reader Post]
Posted on 10/06/2012 6:47:59 AM PDT by Snuph
According to a September 12, 2012, Census Bureau report:
Changes in income for the lowest two quintiles were not statistically significant, meaning the decline in 2010 of 1 percent was relatively unchanged. Income declined by about 1.5 percent for the middle and fourth quintiles. Income increased 1.9 percent for the highest quintile. So only the highest income earners saw an increase in income. Income inequality increased by 1.7 percent, from 0.469 to 0.477 between 2010 and 2011, according to the Gini index, a measure of household income inequality, with zero representing perfect income equality and 1 perfect inequality. This marks the first time the Gini index has increased since 1993. For perspective, the Gini index average during the Bush years was 0.465. See, only the rich saw an income increase, and income inequality rose as well, the Democrat/liberal/progressives will loudly proclaim.
But these figures present a very real problem for Obama and his minions. These figures are the direct opposite of what Obama promised his economic policies would produce when he ran for president in 2008. Obama promised that he would build prosperity from the bottom up. In March 2008, at Cooper Union University in NYC, Obama said, Ive put forward a series of proposals that will foster economic growth from the bottom up.
(Excerpt) Read more at floppingaces.net ...
growing the government and bribing companies and to give notices until after the electiont to pad jobs report..real is at over %14 percent but I am betting if you count everyone thats needs or wants a full time job then the rate is more like 20%
Obama wants the wealthy to get wealtheir and everyone else to suffer.
Redistributing spoils of his "Yes, I can" victory display his unhindered ability to draw unilaterally from the
treasury printing press again yields unintended consequences as with all corrupt Democrats, but I repeat myself. HF
That is exactly in line with Obama being a “CommuFascist” : http://www.freerepublic.com/focus/news/2938950/posts?page=43#43
obama has helped me. now while i ride my bicycle to work, which is green, BTW, i am forced to work more, by picking up aluminum on the way for a few extra bucks every week.
offsets some of the hours i lost due to the business malaise.
can’t afford to drive a car, pay for the insurance, and cannot afford to fly airplanes all around the world like algore to plug global warming. the hypocrite. i am greener than he will ever be, not by choice, of course.
i guess, since i have a part time job picking up cans, that it must have helped their unemployment figures somewhat.
nice to live in the rat’s recovery.