Im not sure this is either stunning or new, so much as a good look at the business benefits of any given first-world country, but *this: Also keep in mind that Obama is almost certainly wrong in his Knox College claim that the “link between higher productivity and people’s wages and salaries was severed – the income of the top 1 percent nearly quadrupled from 1979 to 2007, while the typical family’s barely budged.” As the Washington Post points out: The CBO finds that, before taking taxes and transfers (like Social Security or the Earned Income Tax Credit) into account, real median household incomes grew 19.9 percent between 1979 and 2007; after taking transfers but not taxes into account, they grew 30 percent; and after taxes, they grew 38.2 percent … real median household incomes in America are growing, and it’s inaccurate of Obama to suggest otherwise. *this, kids, is trickle down economics. The household income growth is the product of trickle down. Trickle up poverty can best be exemplified by Obamacare. In the name of caring for the vulnerable and poor, the Democrats are bringing you down to the same level, and creating more of them. The happy by-product is greater need for supplemental assistance, which requires more of your supplemental dollars to support, which in turn creates more financial hardship, and thus need - follow the logic all the way to the end, instead of stopping in the middle and blowing it all off with Republicans just hate poor people. Thats not an argument that convincingly refutes the logic, here. Thats a slogan. You know what creates income growth? Employment. Over a third of the labor force has been sidelined. Our economy is limping along with the slowest recovery growth in decades - since the New Deal, as a matter of fact. Well, this is the New New Deal. It isnt that this recession is just harder for Barack than other Presidents. Its that his partys progressive solutions stink. Much like the Socialist philosophy they rode in on. They put lipstick all over that pig, but its still a pig.
Posted on: Wed, 20 Nov 2013 20:03:58 +0000
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