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Obama Economic Policies Exposed [Reader Post]
Flopping Aces ^ | 10/05/2012 | Warren Beatty

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, “I’ve put forward a series of proposals that will foster economic growth from the bottom up.”

(Excerpt) Read more at floppingaces.net ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: economics; obamanomics
Obama proclaiming to help the little guy in public while actually helping his rich friends? He would never do such a thing ...
1 posted on 10/06/2012 6:48:06 AM PDT by Snuph
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To: Snuph

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%


2 posted on 10/06/2012 7:01:07 AM PDT by dalebert
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To: Snuph

Obama wants the wealthy to get wealtheir and everyone else to suffer.


3 posted on 10/06/2012 7:04:09 AM PDT by WashingtonSource
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To: Snuph
His crony capitalism is the second most traction-bearing weapon in his arsenal, right behind his regime's wealth destroying wrecking ball, a la Sauron's mace.

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

4 posted on 10/06/2012 7:23:48 AM PDT by holden
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To: Snuph

That is exactly in line with Obama being a “CommuFascist” : http://www.freerepublic.com/focus/news/2938950/posts?page=43#43


5 posted on 10/06/2012 7:55:25 AM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: Snuph

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.

Blessings, bobo


6 posted on 10/06/2012 8:10:41 AM PDT by bobo1
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