Monday, January 11, 2010
More wealth flowing to the top than ever before!
Rising GDP and rising unemployment means that fewer people are sharing in the wealth. This is a disaster in the making for the country and unless it is addressed--aggressively--it will lead to social disorder and some really scary times.
Obama had a chance to create real change; change that would have laid the foundation for long-term, sustained, growth and prosperity for all Americans to enjoy. Instead he chose to "muddle through" and keep the status quo. He is now presiding over the greatest wealth transfer to the top of any president.
We're looking at a terrible outcome to all of this.
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4 comments:
http://www.huffingtonpost.com/2009/08/14/income-inequality-is-at-a_n_259516.html This just reinforces what you have said.
MIKE
RIGHT AS ALWAYS
OBAMA SPENT ENOUGH TO SAVE THE RICH
BUT IN NO WAY PARALLELS THE AMOUNT OF DEFICIT SPENDING THAT RONALD RAYGUN REAGAN ACCOMPLISHED.
REAGAN SPENT MORE THAN ALL PREVIOUS ADMINISTRATIONS COMBINED - ALL THE WAY BACK TO WASHINGTON EL NUMERO UNO PRESIDENTE
THAT MEANS OBAMA IS GOING TO ENJOY A BASTILLE DAY OF SORTS COMING SOON.
REAGAN PURPORTEDLY WAS OUT FOR THE RICH, BUT EVEN HIS TRICKLES WERE MORE THAN OBAMA
Yes, Reagan's trickles were a lot more than anything we're getting from Obama.
SW:
Yes, a very disturbing trend.
And after Friday's horrible jobs numbers, I did not hear one remark from the president about what he was going to do about it.
-Mike
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