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There ya go.
Thats your Presidents plan.
At the fundraiser, Obama highlighted private-sector job growth — which has been painfully slow, but steady --- and policies like his rescue of the auto industry, but admitted "we've got a long way to go."
"All of us know friends, neighbors, family members who are still out of work or whose homes are still underwater," he said. "Too many folks are still burdened by enormous college debt. Too many folks still don't have a sense that tomorrow will be better than today."
"So the question in this election is: Which way do we go?" Obama said."Do we go forward towards a new vision of an America in which prosperity is shared, or do we go backward?"
There ya go.
Thats your Presidents plan.
You need to add the preface, IMO... otherwise it has no context...
"They have tried to sell us this trickle-down fairy dust before, and guess what? It didn't work"
Uncle Tom doesn't mean it.
Do you have an issue with prosperity being shared? Do ou not share your prosperity with your employees?
Neither of them have a good economic plan... The Plan to Restore America is what's necessary, tbh...
http://www.ronpaul2012.com/the-issue...store-america/
That said, Barry been signing off the tax breaks every year too...
Him sharing with his employees is a little different than the govt. taking from one and giving to another
What policy has Obama introduced to take from CC and give to "another"?
Gutting Medicare and handing it to military contractors isn't "taking from one and giving to another"?
Both parties want to control who gets the "prosperity", they just have different targets...
I wish you paulbots would shut the up already.
QFT. As if Republicans have not been trying to redistribute wealth upwards for the last 30 years. Lol at those that think it is a coincidence that income distribution has gone to during the supply side era.
I wish you liberty-loving patriots would stop exposing our hypocrisy
well, not if you're at the very top, tbqh... that said, it hasn't stopped with Barry, which mean this isn't strictly a problem with republicans...
For his part, Obama has done nothing to clarify this for people, but the idea of "shared prosperity" too often seems to be seen as taking cash from the rich and giving cash to the poor.
What shared prosperity should mean is that the wealthiest nation on earth should have the best education system, the best health care, the best infrastructure (including the best public transportation, technology, public areas, etc.) while still giving those who have worked for their success the opportunity to enjoy the benefits of that success.
Republican politicians are fine with a good number of their voters thinking it means the government is taking your money to give to lazy immigrants, and frankly, Democrat politicians seem to be fine with a good number of their voters thinking they're going to get that money from the government. It's dumbed down politics as usual and instead of being insulted by it, we just play along.
Last edited by Spurminator; 08-12-2012 at 11:56 PM.
^ you mean Barry won't pay my rent?
It's more fo a problem with americans than politicians. Why is it surprising that when most americans choose to spend every penny they make plus every penny they can borrow that wealth tends to ac ulate with those that don't spend all their money.
That's a nice tale, but it's not even remotely true, unless you're arguing that 99.5% or so of Americans "spend every penny they make plus every penny they can borrow"... I know I'm not in that block and I'm not in the 0.5% or so whose share of the pie keeps steadily increasing...
Now, I don't have a problem with rich people being rich or getting richer... I have a problem with giving breaks to these guys with money we don't have under the ruse they'll generate jobs and "trickle down" the "prosperity" when that doesn't happen and their share keeps on growing. Then when the debt gets out of control, the "fix" is to gut the safety-net I've been chipping into. That's picking winners and losers too.
Well I guess I don't understand what it is you're disagreeing with me on. I'm arguing that most americans "spend every penny they make plus every penny they can borrow". You seem to be thinking that only the .5% at the top are seeing their share of the pie increasing and that's not true. I'm not in the top .5% and my wealth grows every year. If you are not spending every penny you make then why isn't your wealth growing?
The largest portion of household debt is mortgage...
At least real estate is an actual asset... so people are putting money trying to build an asset... actual consumer spending has been largely down...
Yeah since the financial crash. Look at the years leading up to it. Americans have to take some responsibly for their own actions.
I'm saying the top 0.5%-1% are seeing they share of the wealth pie increase much more rapidly.
In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth, and the next 19% owned 50.5%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%.
Financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 42.7%, the next 19% of Americans owning 50.3%, and the bottom 80% owning 7%.
However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%.
The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%, further widening the gap between the 1% and the 99%.
During the economic expansion between 2002 and 2007, the income of the top 1% grew 10 times faster than the income of the bottom 90%. In this period 66% of total income gains went to the 1%, who in 2007 had a larger share of total income than at any time since 1928.
Too much or too little concentration of wealth kills the economy. This should be fairly evident.... if anything the "trickle down" is creating jobs in India, China, etc...
But under that rationale, the distribution should be going back down... it isn't. The top just keep getting more and more of the share... like I said, it's a nice tale, but "trickling down" it isn't...
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