and trots out TOTUS to deflect attention of the FAILED ObamaKare website and the fact that ObamaKare is NOTHING more a redistribution of wealth from the middle class to the poor while the 1%, which Obama belongs too, skates.
EXCERPT: “Obama said increasing income inequality is more pronounced in the United States than other countries. He said Americans should be offended that a child born into poverty has such a hard time escaping it. “It should compel us to action. We’re a better country than this,” the president said.
Obama did not propose any new policy initiatives in the speech, sponsored by the Center for American Progress, a think tank with close ties to the White House. But he reiterated his call for an increase in the minimum wage and other measures he’s been backing to help lower income Americans.”
Income inequality has increaed under Obama but his homies get richer.
EXCERPT: “Research by University of California economist Emmanuel Saez shows that since the Obama recovery started in June 2009, the average income of the top 1% grew 11.2% in real terms through 2011.
The bottom 99%, in contrast, saw their incomes shrink by 0.4%.
As a result, 121% of the gains in real income during Obama’s recovery have gone to the top 1%. By comparison, the top 1% captured 65% of income gains during the Bush expansion of 2002-07, and 45% of the gains under Clinton’s expansion in the 1990s
EXCERPT: “Census data show, for example, that the poorest 20% of families saw their real average income continue to fall each year from 2009 to 2011 — the last year for which the Census has data — while the top 20% recouped losses suffered in the recession.
The evidence of decline among the nation’s most vulnerable shows up elsewhere. There are 2.7 million more people in poverty than there were in 2009. And 14 million more are on food stamps today than in 2009. And after four years of economic recovery, there are still 4.3 million long-term unemployed. Meanwhile, researchers have found that high-paying jobs lost during the recession are being replaced, if at all, largely by low-paying jobs in the Obama recovery.
And finally, this chattering clown leaves his BROTHER George Obama to live on less than a buck a day in Kenya (who had to BEG Dinesh D-Souza for $1000.00 for an operation) AND his illegal aliens Aunt Zeituni and Uncle DUI to live on the dole in Boston. But hey, his mommy-in-law is living in the Spite House and the Gunny hopes that she henpecks the shit out of the gutless wimp.
Amazing isn’t it? HIS signature healthcare website is a joke, a failure, and a laughingstock so he grabs TOTUS and gives a Marxist speech on income inequality on a subject the community organizer would not be able to pass a high school test about, i.e., raising the minimum wage only leads to higher prices, inflation, job loss, etc. And we have three more years of this dickhead. If Congress can find their balls and impeach his braying jackass, their approval rate WOULD SOAR to new heights.
George Obama, brother of Buraq Al Obama