Obama’s Dismal Effect on the Economy
by Dave Blount | October 29, 2014 11:16 am
As the Duke is often quoted:
“Life’s hard. It’s even harder when you’re stupid.”
Americans were dumb enough to let the establishment media dupe them into electing and even reelecting Obama. Consequently, our lives have taken a turn for the harder. At this point, very few could be sufficiently cognitively challenged as to approve of Obama’s economy:
In January 2009 the poverty rate stood at 14.3 per cent. It rose to around 15 per cent and then fell back down in 2013 to 14.5 per cent (but the actual number of those in poverty remained the same from 2012). Things are worse for black Americans, whose poverty rate has risen in that same period from 25.8 per cent to 27.2 per cent.
At least the ultra-rich ruling class is doing well, despite all the Occupy Wall Street type rhetoric.
The richest 10 per cent are the only group – the only group! – who saw their median income rise from 2010-2013. As the Washington Times points out, that’s the same period in which Barack Robin Hood Obama won re-election painting the GOP as corporate vampires. The richest people have seen their share of taxes decline quite dramatically under this “socialist” president – while, interestingly, the share of federal income tax paid by the middle class has, according to the IRS, slightly risen.
This will not surprise anyone who understands the Democrat Party. It is an alliance of the rich and the poor against the middle class. More accurately, it is a means for the rich to stampede the poor to trample the middle class politically so that the rich can loot it. Willie Sutton supposedly said he robbed banks because “That’s where the money is.” In our country, the middle class is where the money is. The liberal ruling class — consisting of astonishingly hypocritical socialist zillionaires like George Soros and Warren Buffett — is using phony Marxist politics to systematically confiscate everything it has.
Only the Republican Congress has prevented Obama from looting in a frenzy that would put the mobs in Ferguson to shame.
[S]ince 2009 one think tanks says that he has proposed no less than 442 tax increases
This from the guy who in 2008 bellowed,
“I can make a firm pledge. Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
As for the poor who provide the raw numbers on election day (with a little help from voter fraud),
According to the Federal Reserve, middle-class incomes stagnated from 2010-2013 while incomes at the bottom end of the scale continued to fall.
Cooked unemployment numbers can be ignored. The labor participation rate tells the true story.
In January 2009, the labour force participation rate was 65.7 per cent; today it is 62.7 per cent. In other words, a lot of Americans have simply withdrawn from the labour market.
The only people who have benefited from Obamunism are corrupt crony capitalist plutocrats. November 4 should be a massive tsunami sweeping his odious Democrat Party out to sea. But it won’t be.
[R]arely has a Democrat so benefited from the weakness of his opposition. The Republican establishment looks tired, the Tea Party has gone quiet because the GOP is playing it safe. The energy of 2010, which gave the Republicans control of the House, has gone.
Partly this is because people are tired of getting sold out by RINOs. Partly it is because the long years of watching our country fall apart under Obama have given people disaster fatigue. But patriots had better look alive on voting day if we are to minimize the damage Obama is able to inflict in his last 2 years.
On tips from Artfldgr and Bodhisattva. Cross-posted at Moonbattery.