News
news Japan firm showcases Bat-Signal of the future
news Mystery Flying Man Spooks Pilots over Britain
news The season you're born in affects your moodiness, study says
news New York City's Rats Are Carrying Viruses No One's Seen Before
news UFOs in West Virginia: 10 witnesses, 4 low-flying UFOs, 3 big as football fields
news Mysterious Spontaneous Combustions Return to Sicilian City
news X-37B Military Space Plane Lands After Record-Shattering Secret Mission
news Syrian Ambassador Calls ISIS An ‘American Myth’
news Genetic engineering will one day create the smartest humans who have ever lived.
news FBI Wants Encryption Regulated
news Lockheed Claims Fusion Energy Breakthrough

Advertisement



Username:
Password: or Register
 
Thread Rating:
  • 3 Vote(s) - 2.33 Average
  • 1
  • 2
  • 3
  • 4
  • 5
obama is the best friend of the 1%
LoP Guest
lop guest
User ID: 88087
04-15-2012 11:20 PM

 



Post: #1
flip obama is the best friend of the 1%
Advertisement
Yesterday, the President gave a speech in which he demanded that Congress raise taxes on millionaires, as a way to somewhat recalibrate the nation's wealth distribution. His advisors, like Gene Sperling, are giving speeches talking about the need for manufacturing. A common question in DC is whether this populist pose will help him win the election. Perhaps it will. Perhaps not. Romney is a weak candidate, cartoonishly wealthy and from what I've seen, pretty inept. But on policy, there's a more interesting question.

A better puzzle to wrestle with is why President Obama is able to continue to speak as if his administration has not presided over a significant expansion of income redistribution upward. The data on inequality shows that his policies are not incrementally better than those of his predecessor, or that we're making progress too slowly, as liberal Democrats like to argue. It doesn't even show that the outcome is the same as Bush's. No, look at this table, from Emmanuel Saez (h/t Ian Welsh). Check out those two red circles I added.

Yup, under Bush, the 1% captured a disproportionate share of the income gains from the Bush boom of 2002-2007. They got 65 cents of every dollar created in that boom, up 20 cents from when Clinton was President. Under Obama, the 1% got 93 cents of every dollar created in that boom. That's not only more than under Bush, up 28 cents. In the transition from Bush to Obama, inequality got worse, faster, than under the transition from Clinton to Bush. Obama accelerated the growth of inequality.

The data set is excellent, it's from the IRS and it's extremely detailed. This yawing gap of inequality isn't an accident, and it's not just because of Republicans. It's a set of policy choices, as Saez makes clear in his paper.

more

http://www.chrissstreetandcompany.com/20...-friend-1/

http://truth-out.org/news/item/8533-grow...-than-bush
Quote this message in a reply
Advertisement

Twatwaffle
lop guest
User ID: 57045
04-15-2012 11:45 PM

 



Post: #2
RE: obama is the best friend of the 1%
LoP Guest  Wrote: (04-15-2012 11:20 PM)
In the transition from Bush to Obama, inequality got worse, faster, than under the transition from Clinton to Bush. Obama accelerated the growth of inequality.

The data set is excellent, it's from the IRS and it's extremely detailed. This yawing gap of inequality isn't an accident, and it's not just because of Republicans.

Indeed, the solution to fixing income inequality is for teh Fed to make $10 million FRN loans to everyone.

Quote:Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)

Think of what we can do with all that money. We can pay off our underwater mortgages and replenish our retirement accounts without spending one day schlepping into the office. With a few quick keystrokes, we’ll be golden for the next 10 years.


Who are we to disagree with Sheila Bair, former chairman of the FDIC?

http://www.washingtonpost.com/opinions/f...story.html
Quote this message in a reply
BJ
lop guest
User ID: 90575
04-16-2012 01:05 AM

 



Post: #3
RE: obama is the best friend of the 1%
But...but who will clean the rich man's potties, or be nanny to the rich ladies' kids? Ohhhh, they won't go for anybody being free and independent. They gripe when they have to pay minimum wage!
Quote this message in a reply
LoP Guest
lop guest
User ID: 67012
04-16-2012 01:12 AM

 



Post: #4
RE: obama is the best friend of the 1%
http://current.com/shows/viewpoint/93740...s-side.htm

Elliot Spitzer slams Obama on Wall Street
Quote this message in a reply
LoP Guest
lop guest
User ID: 78486
04-16-2012 01:13 AM

 



Post: #5
RE: obama is the best friend of the 1%
Dumbass
Quote this message in a reply
LoP Guest
lop guest
User ID: 42015
04-16-2012 01:24 AM

 



Post: #6
RE: obama is the best friend of the 1%
Obama really doesn't have to do anything to win because Romney is clearly of the 1% group.

The big delema for Republicans, is that a vote for their party means supporting the 1%.
Quote this message in a reply
LoP Guest
lop guest
User ID: 88087
04-16-2012 01:31 AM

 



Post: #7
RE: obama is the best friend of the 1%
LoP Guest  Wrote: (04-16-2012 01:12 AM)
http://current.com/shows/viewpoint/93740...s-side.htm

Elliot Spitzer slams Obama on Wall Street

Jhikpghf

Thank you that's a great video

Obama Still Wall Street's Honey ... Raises More (As Both Raw Amount And Percentage) From Wall Street Than In 2008

http://www.zerohedge.com/contributed/oba...-street-20
Quote this message in a reply
Fester
Sic gorgiamus allos subjectatos nunc
User ID: 15284
04-16-2012 01:33 AM

Posts: 2,505



Post: #8
RE: obama is the best friend of the 1%
Jptdknpa
LoP Guest  Wrote: (04-16-2012 01:24 AM)
Obama really doesn't have to do anything to win because Romney is clearly of the 1% group.

The big delema for Republicans, is that a vote for their party means supporting the 1%.


We get the government we deserve.

"Security is mostly a superstition. It does not exist in nature. Life is either a daring adventure, or nothing." - Helen Keller
How to spot a disinformation professional
(This post was last modified: 04-16-2012 01:33 AM by Fester.) Quote this message in a reply
LoP Guest
lop guest
User ID: 88087
04-16-2012 01:44 AM

 



Post: #9
RE: obama is the best friend of the 1%
Fester  Wrote: (04-16-2012 01:33 AM)
Jptdknpa
LoP Guest  Wrote: (04-16-2012 01:24 AM)
Obama really doesn't have to do anything to win because Romney is clearly of the 1% group.

The big delema for Republicans, is that a vote for their party means supporting the 1%.


We get the government we deserve.

I think we get the best government the rich donors can buy myself
Quote this message in a reply
LoP Guest
lop guest
User ID: 88087
04-16-2012 01:48 AM

 



Post: #10
RE: obama is the best friend of the 1%
Twatwaffle  Wrote: (04-15-2012 11:45 PM)
LoP Guest  Wrote: (04-15-2012 11:20 PM)
In the transition from Bush to Obama, inequality got worse, faster, than under the transition from Clinton to Bush. Obama accelerated the growth of inequality.

The data set is excellent, it's from the IRS and it's extremely detailed. This yawing gap of inequality isn't an accident, and it's not just because of Republicans.

Indeed, the solution to fixing income inequality is for teh Fed to make $10 million FRN loans to everyone.

Quote:Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)

Think of what we can do with all that money. We can pay off our underwater mortgages and replenish our retirement accounts without spending one day schlepping into the office. With a few quick keystrokes, we’ll be golden for the next 10 years.


Who are we to disagree with Sheila Bair, former chairman of the FDIC?

http://www.washingtonpost.com/opinions/f...story.html

That would cause hyperinflation and you could probably only buy a couple loaves of bread for that ten million.

Sheila Bair's Modest Proposal To Fix Everything: Hyperinflation

http://www.zerohedge.com/news/sheila-bai...rinflation

Weimar, Germany !
Quote this message in a reply
Ultima_Thule
Registered User
User ID: 88956
04-16-2012 01:50 AM

Posts: 1,826



Post: #11
RE: obama is the best friend of the 1%
One star for you OP , since you don't have the guts to post with a real username.

If your gonna talk politics, at least have the balls to use a real username.
Quote this message in a reply
Michael Alan Keith
Registered User
User ID: 84432
04-16-2012 01:52 AM

Posts: 4,759



Post: #12
RE: obama is the best friend of the 1%
My wealth places me in the 1%, but just barely.

Obama is no friend of mine.

More like the 0.001%
Quote this message in a reply
Fester
Sic gorgiamus allos subjectatos nunc
User ID: 90616
04-16-2012 05:34 AM

Posts: 2,505



Post: #13
RE: obama is the best friend of the 1%
LoP Guest  Wrote: (04-16-2012 01:44 AM)
Fester  Wrote: (04-16-2012 01:33 AM)
Jptdknpa
LoP Guest  Wrote: (04-16-2012 01:24 AM)
Obama really doesn't have to do anything to win because Romney is clearly of the 1% group.

The big delema for Republicans, is that a vote for their party means supporting the 1%.


We get the government we deserve.

I think we get the best government the rich donors can buy myself

As long as we are stupid enough to believe we have no choice other than the two talking heads put before us we will continue to get exactly that.

"Security is mostly a superstition. It does not exist in nature. Life is either a daring adventure, or nothing." - Helen Keller
How to spot a disinformation professional
(This post was last modified: 04-16-2012 05:35 AM by Fester.) Quote this message in a reply
yesferatu
Registered User
User ID: 90611
04-16-2012 06:20 AM

Posts: 898



Post: #14
RE: obama is the best friend of the 1%
LoP Guest  Wrote: (04-16-2012 01:13 AM)
Dumbass

so lemme get this straight......OP is a dumbass? because um,....what? lemme guess: oooooh Obama is a communist!

Face up to the facts, you ideological dimwit:

>>Obama masquerades as a defender of the common man and the middle class. He projects himself as just a regular kind of guy with progressive ideals. He is none of these things. He just plays these characters on TV. He is a charismatic puppet that works for the establishment to preserve the status quo. The promises for change were sweet nothings whispered into the ears of Americans while his corporatist, banker patrons on Wall Street and the rest of America's owners collude to gang rape us all in the ass. Obama's campaign was all a charade, and Obama's refusal to pursue the complete no-brainer that is drug law reform (contrary to his campaign trail rhetoric) illustrates this quite well. In fact, the Obama DoJ has surpassed Bush's in the tenacity with which it is raiding state-sanctioned medical marijuana businesses.<<

So yes....Obama is a friend of the 1%.
Just because it f#ks up your ability to say stupid shit like "Obama is a communist" or whatever the f#k your problem is with the facts the OP posted, that is your wingtard problem.

You righties are a joke.

Any sufficiently advanced stupidity is indistinguishable from evil.
(This post was last modified: 04-16-2012 06:23 AM by yesferatu.) Quote this message in a reply
LoP Guest
lop guest
User ID: 65061
04-16-2012 06:50 AM

 



Post: #15
RE: obama is the best friend of the 1%
Yeah, and for every piece of garbage that you post supporting Obama, I've got more that go against.

Read that and tell me whether Obama's policies are supporting ANYTHING BUT the 1%.

NONE OF THE POLITICIANS ARE WORTH A DAMN.

When America finally gets its head out of its ass, then it can finally figure out that they've been sold out by each side.

Its obvious that you haven't figured this game out yet...
http://evolvedministry.wordpress.com/201...ird-party/
Quote this message in a reply












Contact UsConspiracy Forum. No reg. required! Return to TopReturn to ContentRSS Syndication

Valid XHTML 1.0 Transitional Valid CSS 2.1