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Inequality worsens under Obama, reaches historic high
Townhall.com ^ | January 27, 2014 | Bob Beauprez

Posted on 01/27/2014 2:53:13 PM PST by Kaslin

What you won't hear from Barack Obama in Tuesday's State of the Union address is the truth about Benghazi, or the IRS's continued targeting of conservatives and Tea Party groups, or the disasters behind the roll out of ObamaCare, or an admission that his economic policies have failed to lead a recovery, or an explanation as to why he green-lighted Iran's nuke ambitions, etc., etc., etc.

What you will hear is a lot about income inequality; "the defining challenge of our time" as he calls it.

If he really believes that it is such a big issue, then he needs to explain why he has failed so miserably with that one, too.

According to Gallup 67 percent of Americans are dissatisfied with the way income and wealth are currently distributed in the U.S. Barack Obama is an adept enough populist to talk about what significant majorities of Americans want to hear, especially at a time when a growing number of voters are unhappy with him.

After all, this is the same Barack Obama who guaranteed anxious millions "if you like your health care plan you can keep it. Period." He has no problem telling you what you want to hear; he just has a problem delivering.

However, even Obama's normally adoring media can't ignore the facts. "But of course, income inequality has actually gotten much worse under Obama's watch," wrote the folks at MSN Money this week in anticipation of Tuesday's SOTU speech. Median household income fell 4.4 percent during Obama's first term in office, they also pointed out.

If you're compelled to listen to the SOTU on Tuesday night as I feel obligated to do, just remember the following graph courtesy ofInvestor's Business Dailyand John Merline.

As indicated income inequality has increased faster under Obama than either Bill Clinton or George W. Bush, and is now at the highest level since the Census Department began recording data in 1947. Actually, under Bush – who Obama loves to vilify – there was no net increase at all.

Importantly, Merline cites official government data from the government's Gini Index. These are the Obama Administration's numbers.

Merline concludes that the policies Obama "is pushing now have either had little impact on inequality or have provided few benefits to those they're supposed to help." He then provides a summary review of many of those policies, the full text of which can be found here. It's an important read.


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS:

1 posted on 01/27/2014 2:53:13 PM PST by Kaslin
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To: Kaslin

Yeah, the inequality between those who buy their own food and those who get it from Bammy (whether they are “deserving” or not).


2 posted on 01/27/2014 2:54:42 PM PST by Paladin2
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To: Kaslin
Yup! His ladder to opportunity is busted!


3 posted on 01/27/2014 3:00:19 PM PST by Red_Devil 232 ((VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!))
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To: Kaslin

If you can’t help the downtrodden then you can hurt
the successful. Now, that could be a good battle cry
for Demrat candidates everywhere.


4 posted on 01/27/2014 3:11:21 PM PST by Sivad (NorCal red turf)
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To: Kaslin
Jeffrey Lord over at the Spectator had a kick-ass article that completely obliterates "income equality."

http://spectator.org/articles/57513/andrew-cuomos-soviet-america

5 posted on 01/27/2014 3:20:52 PM PST by Extremely Extreme Extremist (15 years of FReeping! Congratulations EEE!!)
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To: Extremely Extreme Extremist

Free Enterprise gives those on the bottom motive and opportunity to lift themselves up. Socialism always keeps them on the bottom. Those on the top remain on the top via “Crony Capitalism” hand in hand with the Socialist elites in government. When socialist are in power the income gap always widens between the bottom and the top.

Crony Capitalism is not capitalism but simply corruption. Real capitalism lifts the poor, socialism enslaves the poor, and Crony Capitalism steals from all of us.


6 posted on 01/27/2014 3:33:24 PM PST by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!!!!)
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To: All
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7 posted on 01/27/2014 3:34:55 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Extremely Extreme Extremist

Your linky no worky

try this;

http://spectator.org/articles/57513/andrew-cuomos-soviet-america


8 posted on 01/27/2014 3:37:30 PM PST by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!!!!)
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To: Kaslin

A lot of rich leftist friends of Obama are getting richer while everyone else is sinking in inflation that isn’t supposed to exist. A lot of people with real, non government, jobs haven’t had a raise since 2008, and inflation at the grocery market, the gas pump and with healthcare have skyrocketed. Gas was up $.22 a gallon today.


9 posted on 01/27/2014 4:28:18 PM PST by pallis
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To: Kaslin

Cause it then complain about it - the Left will light a pile of tires on fire then tell us we need to do something about air quality.


10 posted on 01/28/2014 3:03:34 AM PST by trebb (Where in the the hell has my country gone?)
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