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Obama's Claim of ‘Economic Immobility’ Called a Myth
NewsMax email ^ | 5/3/14 | Newsmax

Posted on 05/04/2014 9:31:13 AM PDT by Cheerio

President Barack Obama delivered a speech in December decrying what he called the nation's "diminished levels of upward mobility in recent years."

And a Gallup poll late last year found that just 52 percent of Americans believe there is "plenty of opportunity" to get ahead, down from 81 percent in 1998.

But an article on the Reason Foundation's website headlined "The Myth of Economic Immobility" points to a recent report from five economists, published via the National Bureau of Economic Research, that failed to find decreasing economic mobility.

"Contrary to the popular perception," they wrote, "intergenerational mobility" has remained "extremely stable" for Americans born between 1971 and 1993.

(Excerpt) Read more at news.newsmax.com ...


TOPICS: Government
KEYWORDS: economy; obama
This is the RAT 2014 campaign meme - UNEQUALITY in results.
1 posted on 05/04/2014 9:31:13 AM PDT by Cheerio
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To: Cheerio

Well, he’s proved downward mobility can be accomplished.


2 posted on 05/04/2014 9:37:17 AM PDT by DannyTN
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To: DannyTN

Absolutely correct. It is not a myth. Under his guidance it is a fact.

It’s all about the destruction of America.


3 posted on 05/04/2014 9:42:37 AM PDT by himno hero (hadnuff)
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To: Cheerio

Yah sure, I get it. They pose the same threat to Dirty Harry and all libs as do Tea Party Patriots.


4 posted on 05/04/2014 9:47:16 AM PDT by iontheball
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To: Cheerio

The government’s habit of bemoaning things caused by its own actions is getting monotonous.


5 posted on 05/04/2014 6:02:25 PM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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