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Tuesday, November 4, 2014

The Puerile Impatience Of American Consumer Units


Alan: Obama rescued the national and global economies from free-fall meltdown.

"Inside Job"

The stock market is now at record levels and the unemployment rate -- over 9% at the bottom of Bush's recession -- is now 5.9%.

Just last week, Moody's credit rating agency said there is now no need to worry about The National Debt. http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/29/why-you-can-stop-worrying-about-the-national-debt/

Each of the last two years, the deficit has declined substantially.

The only economic metric that has not improved during the Obama administration is income/purchasing-power.

On the flip side of this same coin, income for The 5% is soaring. 

Through the roof. 

Astronomical.

"Plutocracy Triumphant"
Cartoon Compendium


Obama -- like Pope Francis -- calls for wealth redistribution.

"Pope Francis Links"

With the current election cycle drawing to a close, political analyst Mark Halpern notes (to his amazement) that not one national candidate -- Republican or Democrat -- has made a single concrete proposal to grow jobs, and with the exception of a slightly higher minimum wage, no candidate on either side of the aisle has proposed a significant way to or moderate wealth inequality.

"Founding Fathers Profit-Sharing Remedy For Inequality. 
Even Ronald Reagan Likes It!"
("The History Of Corporations In The United States. A Return To Roots?")

The upshot?

Blame Obama. Derogate  the person whom history will judge as having forfended multi-decade paralytic decline for the U.S. economy.


"Brazen Lies About Obama"

"Obama Hatred"

The American Conservative: "Obama Is A Republican"

"Politics And Economics: The 101 Courses You Wish You Had"

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