Skip to comments.As Obama hammers ‘income inequality,’ gap grows under his presidency
Posted on 01/21/2014 8:08:58 AM PST by Kaslin
Income inequality -- the gap between the rich and poor -- is an issue U.S. presidents of both parties have spoken of for years.
President Clinton touted, toward the end of his term, that wages were rising "at all income levels" for the first time in decades. President George W. Bush, toward the end of his, pondered the best way to respond to income inequality, noting some policies "lift people up" and some "tear others down."
But perhaps no president has hammered the issue as emphatically as President Obama.
In his 2012 State of the Union address, Obama said: "The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules."
But a look back shows that income inequality has grown, not shrunk, under the current president.
(Excerpt) Read more at foxnews.com ...
I understand about 85 people hold half the worlds wealth...
There is nothing quite so silly as millionaire liberals (and RINOs) raising hell about other rich people who havent yet been stripped of all their money by Obamas Free S**t Army.
A highly doubtful stat.
You might be right but there is no disputing the ever expanding gap between the very wealthy and the working folk and poor.
World’s 85 richest people own nearly half of global wealth
And if it was wrong by say 100, it would still be an eyeopening revelation.
“There is nothing quite so silly as millionaire liberals (and RINOs) raising hell about other rich people who havent yet been stripped of all their money by Obamas Free S**t Army.”
Meh. I can’t get too worked up over this. The last election was a clear choice, but either way, I’m not in the group of big winners.
If Romney had won, we’d have pivoted back to rewarding business for productivity. That would be better for me, but the reality is, when Republicans had their way, we were shipping jobs and means of manufacture overseas as fast as we could. Add to that GWB’s spending, and there’s not a lot to recommend the GOP. However, business people should have done all they could to get Romney elected.
When a communist wins, the real winners are the political class. They will gain wealth and power. This class warfare stuff will help accelerate that.
Why is no one calling attention to THEIR millions? How can they stand at their podiums and demand the rich citizens share their wealth without every finger in the country pointing back at them and calling them hypocrites?
The "Share the wealth" democrat politicians are rich, rich, rich! Why aren't THEY redistributing THEIR wealth FIRST so they can show us all how it's done ??
Absolutely true ... as it grows under all forms of socialism
Publisher Clearing House got nuthin’ on the lottery that mr and mrs “lyin’ king” hit. Think they’ll eschew the “retirement” pay and decide to live on a measly $100k/yr? Not bloody likely. Will mrs “lyin’ king” donate all the proceed from her upcoming “memoirs” to the naacp or the ghetto dwellers? Didn’t think so.
If they got their money legally, the government has no right to take it away from them.
That's what makes it so silly to hear wealthy Libs and Pols preaching "Hate The Rich!"
And the increasing gap is made possible by those very people in power who rebel-rouse with their Class-Envy rants and tirades while lining their own pockets and the pockets of their wealthy friends.
Obama as an example, has built his career, lofty position and wealth on the exploitation of envy (racial, class and wealth), while becoming ever more wealthy and further removed from the very people he to whom he preaches "Hate The Rich"!!
funny, I don’t remember “income inequality” as being one of the federal government’s legitimate areas of concern (enumerated powers)....
I am well aware of the bogus Oxfam report.
That article relies on Oxfam statistics.
Oxfam refuses to show their underlying “data” — because they don’t have any.
In short, it’s complete fabricated B.S. from a communist-leaning organization that decided to make a press release because it fits the media meme of evil capitalist.
Liberal groups do this all the time: bogus organization with a fax machine and a website sends out press release. Media picks it up because it fits with their pre-conceived notions of the world. Soon, the Big Lie is repeated so often people believe it.
Didn’t you notice how the bogus report was nicely coincided with the bogus “war on income inequality” Obama has going on?
I expect more from Freepers.
Oh, it’s not “other rich people” that they target - it’s people who earn their own way via income.
Other forms of wealth are taxed at a much lower rate.
Income inequality is the new social justice.
Another round of absurd logic by the elites.
For the same reason the Terrorist Leaders do not do suicide bombing and leave it to the ‘useful idiots’ they fill with insane ideology.
Obama care is the same as the 72 Virgins, of course there will be 72 unbelieving virgins in hell, but with no sex in the hereafter...what’s the point? They are unusable. The same with the O C, everyone gets coverage however using it may be a different story!
Check out this story where Gates believes the Dems can eradicate poor people in 50 yrs...lol Jesus said ‘the poor you have with you always’.
The analysis here from Heather Boushey (Equitable Growth Institute) is so breathtakingly idiotic I wonder why it was included. Yeah, the problem is Obama didn’t focus enough on unemployment. Thank heavens for anything Obama didn’t focus on, we’re still sifting through the debris of the health insurance and foreign policy matters he did focus on.
Income inequality is growing because the Fed is artificially suppressing interest rates and flooding the stock market with freshly printed virtual cash. 0% interest means there is no way for most people to safely grow savings and create investment capital, while big investors reap insane rewards.
Oddly enough these distortions play right into the Democrat party’s need for an issue to shift focus away from Obamacare and other failures.
Well, can we see your stats?
Clueless........absolutely clueless...............abso-freaking-lutely clueless..............
Equalization of Opportunity Bill
Should have been required reading in school, instead of “Death of a Salesman”.
Nothing beats Marxist Magical Musings.
All this talk about income inequality is nonsense. It comes right out of the liberal playbook.
Before World War II there was no middle class. There were poor - really poor and there were rich - really rich. And the poor barely had enough to eat.
They didn’t have welfare, food stamps and Section 8 housing. If people couldn’t feed themselves they became servants to get a roof over their head or they went to the poorhouse. A very small percentage of the population were middle class. Just look at the pictures of the soup lines. Look at their clothes. Look how thin they were.
This income inequality concept is the basis on which income distribution rests.
Given Oxfam’s well-documented history of fraud in furtherance of left-wing politics, you need to get the proof that they have any merit to what they are saying.
Here are the first two Google hits:
Oxfam is a joke: wrong on Israel, global warming, abortion, Islam, capitalism, the usual suspects.
Oh yes there is. The "ever widening gap" is based on dubious statistics produced by liberal red diaper baby sociology professors and perpetuated by liberal foundations and politicians. Hard to believe so many here on FR would believe those data.
Read some history. Look at census data. Do some genealogy and see how many indentured servants there were and live-in servants. See how many people lived in rented places and how few were able to go to high school.
“Income inequality” is for getting votes. Nothing else.
Face it, Libs.
Your messiah is just about the biggest two-faced liar who has ever walked the planet.
See tagline for how we should respond to this Socialist meme.
Oxfam is a notorious anti-Israel, anti-West, group.
They are the charitable store front for the Communist party in Europe to give it the sheen of respectability, akin to how Media Matters puts out fake reports.
But George Bush had only 4% or so unemployment most of the time he was in office so jobs WERE being created.
I think the stat is that the 85 richest have wealth equivalent to the poorest 50% on the planet - still a doubtful stat and pretty meaningless.
You're talking about the 30's? This was at the peak of the depression.
Americans before that had been climbing the ladder like crazy and the middle class was expanded because all kinds of industries had taken off. FDR and Obama had the same philosophy: kill off the middle class so the poor can not feel so bad about themselves. The poor is where Obama's main voter base lies so jealousy among the poor toward the middle class keeps him in office. Thus, stoking it has always been in Obama's best interest.
“But George Bush had only 4% or so unemployment most of the time he was in office so jobs WERE being created.”
At the cost of manufacturing capability. And now, those involved like to point out that manufacturing pulls an economy out of recession.
Short term gain for long term pain?
Oh, here it is. Mission: Oxfam International is a confederation of 17 organizations working together to find lasting solutions to poverty and injustice.
That sounds so good! Could only be better if they found a way to include "Peoples'" in the name of the org.
This one is a little different....
Two Different Versions ...
Two Different Morals
The ant works
hard in the withering heat all summer long, building his house and laying up supplies for the winter.
thinks the ant is a fool and laughs and dances and
plays the summer away.
Come winter, the ant is warm and well fed.
The grasshopper has
no food or shelter, so he
dies out in the cold.
MORAL OF THE OLD STORY:
Be responsible for yourself!
The ant works hard
in the withering heat and the rain all summer long, building his house and laying up supplies for the winter.
The grasshopper thinks the ant is a fool and laughs
and dances and plays the summer away.
Come winter, the shivering grasshopper
calls a press conference and demands to know why the ant should be allowed to be warm and well fed while he is cold and starving..
CBS, NBC, PBS, CNN, MSNBC and ABC show up to
provide pictures of the shivering grasshopper
next to a video of the ant in his comfortable home
with a table filled with food.
America is stunned by the sharp contrast.
How can this be, that in a country of such wealth,
this poor grasshopper is allowed to suffer so?
Kermit the Frog appears on Oprah with the grasshopper and everybody cries when they sing,
‘It's Not Easy Being Green ...’
Occupy the Anthill stages
a demonstration in front of the ant's
house where the news stations film the SEIU group singing, We shall overcome.
Then Rev Al Sharpton’s assistant
has the group kneel down to pray for the grasshopper
while he damns the ants. The Reverend Al can not attend as he has contractual commitments to appear on his MSNBC show for which he is paid over two million dollars a year to complain that rich people do not care.
President Obama condemns the ant and blames
President Bush 43, President Bush 41, President Reagan, Christopher Columbus, and the Pope
for the grasshopper's plight .
Nancy Pelosi & Harry Reid
exclaim in an interview on The View
that the ant has gotten rich off the back of the
grasshopper, and both call for an immediate tax hike on the ant to make him pay his fair share.
Finally, the EEOC drafts the
Economic Equity & Anti-Grasshopper Act
retroactive to the beginning of the summer.
The ant is fined for failing to hire a proportionate number
of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government Green Czar
and given to the grasshopper .
The story ends as we see the grasshopper
and his lazy free-loading friends finishing up the last bits of the ant's food while the government house he is in, which, as you recall, just happens to be the ant's old house, crumbles around them because the grasshopper doesn't maintain it.
The ant has disappeared in the snow,
never to be seen again.
The grasshopper is found dead in a drug related incident, and the house, now abandoned, is taken over by a gang of spiders who terrorize the ramshackle, once prosperous and peaceful, neighborhood.
The entire Nation collapses
bringing the rest of the free world with it.
MORAL OF THE STORY:
Be careful how you vote in 2014 and 2016.
The strange thing is , that his agenda will be chosen once again by the electorate this year in November.
(Democrat gains in House and Senate)ubic
Regarding the U.S., I would love to see opposing stats...Thanks!
Good question. Given the fact many of the super wealthy in CA are leftist.
Numerous sources have made the claim over the past 10 years or so. Feel free to post a link showing the gap is not expanding.
Some here seem to doubt this.
I noted you didn’t post opposing stats which show the U.S. middle class is not being decimated with a widening $ gap.
” Feel free to post a link showing the gap is not expanding.”
Way to change the topic.
We’re talking about the bogus Oxfam study you love.
Do you also believe Oxfam’s global warmist nonsense?
Its lies about Israel?
Its stated desire to tax high income people to “make it fair.”
Way to change the topic
I would imagine a few people owning a lot of the worlds wealth would be associated with an income money gap expanding between classes of people..
Are you suggesting their is an ever expanding $ gap?
BTW, you seem angry.
You prove the negative. Not my job.
All I did was point out this is Oxfam, and there’s another whole thread going on about it, as I knew there would be. Oxfam is a little....biased? Maybe their numbers are FOS? Why should I provide numbers to refute other numbers that are atmospheric extrapolations?
I should add that is a totally bulls**t thing to ask me to do. Millions are spent on economists in a futile effort to demonstrate the effects of any policy on "the middle class," which itself is almost impossible to define. C'mon dragnet, you are better than this. Did someone hack your account?
You never answered his question.
Oxfam is a complete fraud.
Anyone who quotes them is a troll.
It’s not his burden.
You post statistics supporting the Oxfam study.
BTW, I did not answer his questions as I am not familiar with the source even though he suggested, “I love the source”...lol...
Is it your position the $ gap in the U.S. between classes have not been dramatically expanding for years now?
Two MAJOR points of correction here.
1. The 85 people vs 3.5 billion is about WEALTH, not INCOME, despite the mistakenly interchangeable use of the terms. WEALTH is ASSETS (home, property, investments, autos, 401k, stocks, etc) that most of the population doe snot have much of. Those Evil Rich Folks tend to accumulate a lot more because, once the basics are covered, there's really not much else to do with your money.
2. The Gap does NOT grow "under all forms of Socialism". It grows under all forms of HEALTHY economies (and thus Socialist nations are the most likely to reverse this, but to their own detriment, as I shall now explain).
A simple example. I'm evil and rich, and you're innocent and poor. I have $100 million, and you have $100.
By ObamaLaw 2016, we are required to invest in EXACTLY the same way. For easy numbers, let's say we earn 10%.
After one year, you now have $110, and I have $110 million. The gap between us grew by just under $10 million, ($9,999,990 to be exact) even with government forcing us to behave the exact same way!!!! The ONLY mathematical ways to reduce the gap are to either
A. take from the rich and give to the poor (play Robin Hood on a spectacularly massive scale... Zimbabwe is a lovely recent example of how well that works out), or...
B. make the economy retract, and so the losses of the rich are much larger than for the poor (ie $10 million vs $10), and the gap can shrink by $9,999,990... kinda like the slow decay of several dedicated Socialist economies.
In EVERY other mathematically possible scenario, the gap MUST grow, and it is a sign of a HEALTHY economy!!! It is called GROWTH, and we should WANT THAT!!! (Rising tides lifting all boats, etc etc)
Sadly, we are getting so screwed up by the psychotic Left, that we are being instructed almost daily, and many intelligent people even here on FR are buying into it, that the idea itself is somehow bad.