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Obama is a great President of America (for wealth creation)

 
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No_hite_pls



Joined: 05 Mar 2007
Location: Don't hate me because I'm right

PostPosted: Sun Feb 02, 2014 6:29 pm    Post subject: Obama is a great President of America (for wealth creation) Reply with quote

I want you folks to tell your Republican friends that under socialist Obama leadership the US net worth increased by the most in their lifetimes (as a percentage and real numbers) and US financial power in the world is stronger than ever. Under Bush the US net worth plummeted, and our reputation around the world stage was shattered. But, hey our great allies like the Saudi's, Israelis, and Chinese got rich during the Bush years. The last five years the US net worth has increased faster than any other country in the world.


https://www.credit-suisse.com/ch/en/news-and-expertise/research/credit-suisse-research-institute/news-and-videos.article.html/article/pwp/news-and-expertise/2013/10/en/global-wealth-reaches-new-all-time-high.html
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Kuros



Joined: 27 Apr 2004

PostPosted: Sun Feb 02, 2014 7:15 pm    Post subject: Reply with quote

Whose wealth creation?



Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened

Quote:
[T]he U.S. has gone through two recoveries. The 1.2 million households whose incomes put them in the top 1 percent of the U.S. saw their earnings increase 5.5 percent last year, according to estimates released last month by the U.S. Census Bureau. Earnings fell 1.7 percent for the 96 million households in the bottom 80 percent -- those that made less than $101,583.


Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics

Quote:
The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009.


How the middle class became the underclass

Quote:
In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation. Fast forward 20 years, and not much had changed: The average income was still just $33,000 in 2008, according to IRS data.

Meanwhile, the richest 1% of Americans -- those making $380,000 or more -- have seen their incomes grow 33% over the last 20 years, leaving average Americans in the dust.


President Obama is a kleptocrat. He loves to grant Bill O'Reilly interviews because the smug and paranoid right-wing bestows false legitimacy on Obama. Even refuting the Republican nonsense talking points becomes, in a sense, an act which aids and abets Obama's pro-oligarch agenda.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Mon Feb 03, 2014 5:27 am    Post subject: Reply with quote

The rich have definately gotten richer. The stock market does not equal the economy. But, there have been problems for a long time.
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young_clinton



Joined: 09 Sep 2009

PostPosted: Mon Feb 03, 2014 7:12 am    Post subject: Reply with quote

Obama is hardly socialist. By today's standards he is a moderate middle of the road president. Hopefully as pointed out in this thread Obama and the following Presidents will see the need to flat out regulate how the wealth is distributed. This can be done without injury to American businesses and companies. What is happening now is an economic distortion brought about by unbridled greed and lack of empathy and reasoning on the part of the American wealthy. Let's hope we can get the administration and congress to deal with this soon.

The reason for the economic strength of the United States against China and emerging economies is China's domestication of its economy. China's growth is definitely losing it's momentum.
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Titus



Joined: 19 May 2012

PostPosted: Mon Feb 03, 2014 1:10 pm    Post subject: Reply with quote

Kuros wrote:
Whose wealth creation?

President Obama is a kleptocrat. ...aids and abets Obama's pro-oligarch agenda.


I agree with Kuros.

The scale of looting in the USA is comparable in quantity only to the post-Soviet looting in the 90's. Americans are literally having their wages and wealth stolen from them by the plutocracy.
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guavashake



Joined: 09 Nov 2013

PostPosted: Mon Feb 03, 2014 5:24 pm    Post subject: Reply with quote

POTUS is a liar and a fraud...

http://networkedblogs.com/ThFyf

So the mainstream media asks:


“The economy is better now but why isn’t Obama getting credit for it?”

Really? It’s better? Based on what?

The stock market?

How about median family income in inflation-adjusted dollars?

Just to be fair and make sure we’re not looking at distorted figures we’ll look at each quintile, with the top 5% being the last bracket.

In 2012 (2013 numbers are not yet in) those were $27,794, $49,788, $76,538 and $119,001, all in 2012 dollars. The top bracket was $210,000.

Looking backward we last saw that value inflation-adjusted for the lowest quintile in….. 1994.

How about the second quintile? That would be 1995.

The third? 1997.

And the fourth? 1999.

Only the lower limit of the top 5% are at highs, and have been on a durable forward basis in inflation-adjusted terms.

From 2009, when Obama took office to now all four of the bottom quintiles have lost ground in inflation-adjusted terms.

ALL OF THEM.

So where’s the “better”? Five years into the so-called “recovery”, where is the recovery for anyone except the top 5%?

Who caught the President’s speech last night and actually listened to it between shots of whiskey (or whatever you were drinking, and I hope it wasn’t water!) Did you notice when he turned to the economy he said, point-blank, that everyone (other than the top 5%) had lost ground? Well, Mr. President, that was ground-breaking — it was the first time I’ve heard a President in a State of the Union Address admit that his economic policies for the previous five years have SUCKED, as measured by the outcomes experienced by the majority of Americans.

How are them apples tasting over there in the White House?

Let’s get down to brass tacks: The President is a liar and a fraud, and so are the mainstream media jackasses who are knowingly lying when the government’s own data says that nobody other than the top 5% are in fact getting ahead — and last night The President admitted it on national television!

Why is that?

Because the President’s crap, and that from Congress, will not address the actual issues that have destroyed the common man and woman in this nation.

I charge the President has intentionally done so. He has swindled the American people. He has done so intentionally and maliciously, and continues to do so to this very day.

This very table – the government’s own data – proves that the President is completely full of it. And the worst part of it is that I bet not one person in a hundred was awake enough to realize that the President said his economic policies have been a failure for everyone except the top 5%.

Worse, without inflation — which always comes from credit and money expansion – every single one of these quintiles would have gotten ahead over this President’s term.

Every. Single. One.

How do we know? Because that very same table contains non-adjusted figures.

The President is the one who sends up a budget. He signs the spending and revenue bills. This President has not vetoed one of them.

This President, therefore, is personally responsible for screwing every single one of the bottom 80% of Americans.

Period.

When it comes to economic progress the President is a pathological liar and his own Census Bureau’s data proves it.

Student loan debt? Yeah, it’s a huge problem. The solution is simple. Cut the crap with the monopoly protections in education and finance. Get rid of the FASFA. Get rid of all forms of government subsidy for loans and process except for Pell Grants. Get rid of the changes in the bankruptcy code so student loans are just another unsecured debt.

College costs would collapse instantly, as schools couldn’t charge $25,000 a year when nobody, statistically, could pay it. They’d have to choose whether to provide an education or something that looks like a high-class luxury high-rise resort. Before these “programs” you could spin pizzas to go to school, which means anyone able and willing to work hard could do it, and there was no student debt of materiality. I know this can be done because I went to college in the United States under that model.

If you want that model back this is what we have to do. Nothing else will work.

The same solution will work for medical care. Obamacare is a disaster. Removing exemptions and enforcing the Sherman and Clayton acts will collapse the price of medical care by 80%. Since when is charging someone $80,000 for a snake bite antivenom course when that antivenom can be bought for under $1,000 reasonable? How do we know this will work? Again, because it did, when I was younger. Again, an ordinary birth from 1963, escalated by the consumer price index to today’s amount, comes out to just under $1,000 complete, including the physicians fees, epidural and three nights in the hospital! Today’s medical system is financial rape and it is happening because this President and Congress have made competition in that regard a felony. That’s not only backwards it’s both extortion and tyranny.

Oh, and promoting illegal behavior by unlawful invaders to this nation?

That ought to be considered Treason — with a capital “T”.
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No_hite_pls



Joined: 05 Mar 2007
Location: Don't hate me because I'm right

PostPosted: Wed Feb 05, 2014 10:08 pm    Post subject: Reply with quote

Quote:
Looking backward we last saw that value inflation-adjusted for the lowest quintile in….. 1994.

How about the second quintile? That would be 1995.

The third? 1997.

And the fourth? 1999.

Only the lower limit of the top 5% are at highs, and have been on a durable forward basis in inflation-adjusted terms.

From 2009, when Obama took office to now all four of the bottom quintiles have lost ground in inflation-adjusted terms.

ALL OF THEM.


Wages have been going down since tickle down (supply-side) economic policies of the 80's (Ronald Reagan). Corporate profits have skyrocket from consumers continuing to spend by taking out massive amounts of debt and women working even with very small children. Two income families have become the norm not because of feminism but because most women now have to work. The lower and middle classes need to be protected from the big money power. If not 93% of wealth gains will continue to go only to 1% of population. In the long term, the high disparity will greatly weaken America's power and prestige throughout the world. The economy will weaken without consumers with money. Our personal credit is already maxed out. I don't know how consumers are going to get more money to buy things without a rise in wages. Eventually, even the rich will loose money if the huge wealth disparity continues.

Inequity can be fixed by a higher minimum wage and health care costs regulation.

Hospitals need to publish their prices like any other business.

Obama's push for 10.10 minimum wage and health care subsidizes are a start.

The US still needs national health insurance option and campaign finance reform.
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sirius black



Joined: 04 Jun 2010

PostPosted: Thu Feb 13, 2014 7:28 pm    Post subject: Reply with quote

Kuros wrote:


President Obama is a kleptocrat. He loves to grant Bill O'Reilly interviews because the smug and paranoid right-wing bestows false legitimacy on Obama. Even refuting the Republican nonsense talking points becomes, in a sense, an act which aids and abets Obama's pro-oligarch agenda.


So, Obama is doing what the right really wants. Why do they revile him so much? Because he's doing it as a democrat and not as a republican? Or some other reason?
Only the left has a legitimate ideological reason to dislike Obama since they voted for him and he didn't deliver.
I'm not sure what the right's reason are, do you or anyone else? If a republicn came up with the same version of Obamacare I gurantee you there would not be the same apocolyptic, vitriol.
In the past when Republican presidents went to the left, sometimes far to the left, the right was up in arms. Nixon signed some of the most progressive legislation of the modern era. Dubya has done the most by anyone (financially) to fight AIDS/HIV in Africa.

Gay marriage was going to happen regardless and Republicans like former Mayor Bloomberg championed it and I guarantee you if he ran and won and okayed it, republicans wouldn't fight it as aggressively as they have.

The NSA tapping into our lives, drones, are all things any Republican would do and the NSA tapping is just an extension of what Dubya ramped up after 911.
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caniff



Joined: 03 Feb 2004
Location: All over the map

PostPosted: Fri Feb 14, 2014 6:05 am    Post subject: Reply with quote

Democrats or Republicans in power = BOHICA
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