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Obama Says Income Gap Is Fraying U.S. Social Fabric
The New York Times ^ | July 27, 2013 | Jackie Calmes and Michael D. Shear

Posted on 07/28/2013 12:33:30 AM PDT by 2ndDivisionVet

GALESBURG, Ill. — In a week when he tried to focus attention on the struggles of the middle class, President Obama said in an interview that he was worried that years of widening income inequality and the lingering effects of the financial crisis had frayed the country’s social fabric and undermined Americans’ belief in opportunity.

Upward mobility, Mr. Obama said in a 40-minute interview with The New York Times, “was part and parcel of who we were as Americans.”

“And that’s what’s been eroding over the last 20, 30 years, well before the financial crisis,” he added.

“If we don’t do anything, then growth will be slower than it should be. Unemployment will not go down as fast as it should. Income inequality will continue to rise,” he said. “That’s not a future that we should accept.”

A few days after the acquittal in the Trayvon Martin case prompted him to speak about being a black man in America, Mr. Obama said the country’s struggle over race would not be eased until the political process in Washington began addressing the fear of many people that financial stability is unattainable....

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: demagogicparty; economy; employment; incomegap; obama; obamacommunist; obamaeconomyspeech; obamaeconomytour; partisanmediashill; partisanmediashills; socialfabric; wages
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To: AlexW

Nothing spells economic success quite so soundly as taking money from those who are good at creating business opportunities and giving to those who can’t even balance a checkbook or have the foresight to complete high school.

It’s not just unethical; it’s stupid.


21 posted on 07/28/2013 3:47:15 AM PDT by CaspersGh0sts
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To: 2ndDivisionVet

Our social fabric is not only frayed, it’s positively ragged.

Thank the gargantuan, central socialist government’s swinish, gluttonous evil empire building and thank the unknown comic Muslim who occupies the White Hut.


22 posted on 07/28/2013 4:01:00 AM PDT by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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To: 2ndDivisionVet
Actually, a race-baiting president who, on TV, calls police actions "stupid," and who inflames an almost non-existent racial divide into a gulf of flaming conflagration, and who directs his equally almost-black Attorney General to send teams of Community Organizer/Agitators out to train other mouth-breathing imbeciles how to be bigoted malcontents, just might have sumpin to do wit it...

...just sayin'...

;-\

23 posted on 07/28/2013 4:07:15 AM PDT by Gargantua (Hey dimwit, is this a politically correct, sphincter-approved tagline? Too bad...)
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To: 2ndDivisionVet
Obama Says Income Gap Is Fraying U.S. Social Fabric

Then by all means, stop killing the American economy and pushing socialist policy, barry!

In the end its all on you.

24 posted on 07/28/2013 4:09:37 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: 2ndDivisionVet

And amnesty will increase this gap by lowering wages. If Democratic pols could look beyond their personal political interests and GOP pols could look beyond the interests of the plutocracy who will pay their future lobbyist salaries, we might make some headway towards reducing this gap.


25 posted on 07/28/2013 4:27:05 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: 2ndDivisionVet

“The priority, he said, should be spending”

His solution for everything. He really is stupid.


26 posted on 07/28/2013 4:34:07 AM PDT by ilovesarah2012
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To: Lazamataz

“You mispelled GRAMMER.”
_________________________________________

Laz, I feel your pain.
I will stick with “Grammar”, and...”misspelled”
Maybe you should try another dictionary. :))
Have a nice day.


27 posted on 07/28/2013 4:35:53 AM PDT by AlexW
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To: dennisw

Well, he hung curtains once.


28 posted on 07/28/2013 4:37:51 AM PDT by ilovesarah2012
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To: 2ndDivisionVet

The Race Baiter in chief will no doubt suggest more expansive entitlements to make up for this gap.


29 posted on 07/28/2013 4:48:47 AM PDT by rbg81
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To: 2ndDivisionVet

> Said the multimillionaire who has never worked a day in his life and will retire in luxury three years from now.

Well to be faiir, he DID work as an activist for ACORN for 10 years teaching others how to rig elections using dead people and other inethical tactics so that as to count for something.

So Obie, if your’e SO concerned about the income gap why don’t you open up that SuperPac of yours worth about a half a billion at last count and redisttibute the wealth? After all its not like you earned it. You received it in donations from gullible people just like the mega churches on TV do. I really don’t see much of a difference. Of course you want to tax the living crap out of THEM and take away their tax exempt status but then the people would finally realize you are the AntiChrist or his right hand man.


30 posted on 07/28/2013 4:50:12 AM PDT by jsanders2001
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To: 2ndDivisionVet

And whose policies are widening the income gap? Sheesh......the clueless one! The First bystander......


31 posted on 07/28/2013 4:56:49 AM PDT by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: 2ndDivisionVet

And whose policies are widening the income gap? Sheesh......the clueless one! The First bystander......


32 posted on 07/28/2013 4:56:49 AM PDT by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: AlexW

Nough, eye liyke mai dickshunary!


33 posted on 07/28/2013 4:58:09 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: 2ndDivisionVet

So I guess we should collectively lower all income until we are all equally miserable, except for Obama and his campaign doners.


34 posted on 07/28/2013 4:59:54 AM PDT by Eddie01 (Liberals lie about everything all the time.)
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To: 2ndDivisionVet

Obama’s Fix: Make everyone poor...


35 posted on 07/28/2013 5:02:23 AM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: 2ndDivisionVet

Income? More people than ever don’t have any income, thanks to you.


36 posted on 07/28/2013 5:13:35 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: 2ndDivisionVet
Said the multimillionaire who has never worked a day in his life...

Let's be fair! Didn't he sell drugs to the Choom Gang?

37 posted on 07/28/2013 5:17:50 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Right Wing Assault
"Let's be fair! Didn't he sell drugs to the Choom Gang? "

Selling a product to friends/family ain't exactly the same as running a real business and making a profit. From what I've seen, he couldn't sell crack cocaine in the Chicago projects without losing his shirt (and probably more).

38 posted on 07/28/2013 5:42:35 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: 2ndDivisionVet

In a week when he tried to focus attention on the struggles of the middle class.
Must be why he had Harry Reid to ask for a trillion dollar tax increase last week.


39 posted on 07/28/2013 5:59:05 AM PDT by Vaduz
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To: Cowboy Bob

Private property gap.


40 posted on 07/28/2013 6:19:28 AM PDT by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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