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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTalking about how inequality is rising under Obama. Is this not the result of Bush
Last edited Tue Sep 17, 2013, 11:36 PM - Edit history (2)
and other conservative policies over the last 30 years? Including the banking crisis. When Reagan had the economic growth was it not the result of equality policies of the previous 50 years? That is why Regan was so successful and Obama is not.
uponit7771
(90,301 posts).../sarcasm cause this is needed around here.
I post a lot on conservative leaning forums, they use the same argument there as if the middle class great depression started under Obama or that Obama should've fixed Bush's screw up by now.
Relatively speakin Obama is slightly ahead of FDR (less Wilsons last minute Keynesian attempts) and doing it without a 70% avg term progressive congress (house and senate)
NYC_SKP
(68,644 posts)NYC_SKP
(68,644 posts)Any other claims are just utter bullshit.
We wouldn't have a freaking ACA without him, and that alone is going to save me the equivalent of two or three monthy car payments or a new mortgage. COBRA = $1,326/month.
Octafish
(55,745 posts)Great reason not to appoint the likes of Larry Summers and Jacob Lew and Penny Pritzker.
Vanje
(9,766 posts)but you said it better.
Decades of ever -widening income disparity is bad for America. Reagan, Bush, Clinton, and Bush left a mess.
We knew that when we elected Obama. We voted for change.
These things don't fix quick,that is understood , but income disparity has gotten worse since 2008.
Octafish
(55,745 posts)He had Robert Reich, Joseph Stiglitz and Paul Krugman on his team. After he was elected, they got canned for the nice crew above.
That's not the biggest problem, I have found over the last five years. That guy's name is Cass Sunstein. He helped free Bush and Cheney and he wants to criminalize criticism of the government. Perfect guy to help install a police state, were the federal government to turn the NSA on the American people.
bananas
(27,509 posts)mick063
(2,424 posts)So what is being done to stop it?
TPP?
Chained CPI?
Military spending?
Sequester?
The Goldman Sachs cabinet?
These are the answers to bad Republican economic policy?
woo me with science
(32,139 posts)Thank you.
JEFF9K
(1,935 posts)from the biggest creditor country to the biggest debtor country.
applegrove
(118,462 posts)hfojvt
(37,573 posts)Obama made most of the Bush tax cuts permanent.
Is that really what we were hoping for in 2008? Permanent tax cuts that favor the rich?
That is the doing of Obama - twice now, and the Democrats who did not stand up against him - twice now. $2.4 trillion in permanent tax cuts to the top 20% and $400 billion to the bottom 40% certainly makes inequality worse.
JEFF9K
(1,935 posts)... that he was blackmailed into.
bhikkhu
(10,711 posts)Ironically, the new census bureau report showing zero growth in middle class earnings is good news
...as earnings growth has been negative for some time. A good year and we might finally see some positive growth, and this could be the last year of decline (though it could just as easily go the other way, considering the intentions of congress).
FreakinDJ
(17,644 posts)What did they think was going to happen
We still have AssHats spouting the benefits of "Trickle Down Economics"
WorseBeforeBetter
(11,441 posts)let the Bush tax cuts FULLY expire. But, yes, this has been building for decades.
frazzled
(18,402 posts)Well, a few of us have. But the country didn't decide to talk about it until Obama took office after the worst recession since the Great Depression, from which he has tried to dig us out, facing a Republican House majority who has blocked any proposals he's made to try to stem the 30+ year tide of rising income inequality.
Essentially, it's blame the black guy. He didn't fix fast enough what took a generation to build.