Obama’s Class Warfare

[luckytxn 2,264]

Nice little commentary to start the day.

The American economy is finally coming back, after one of the slowest post-recession recoveries in recent history. So naturally President Obama has decided that what we really need now is a return to the era of tax and spend. Oh, and of course, a healthy batch of class warfare too.

The president wants to junk the sequester caps that have been largely responsible for reducing our estimated deficit from $1 trillion a year to a more manageable but still sizable $469 billion this year. He would increase discretionary spending for next year by $68 billion above the spending caps enacted in 2011, with the increases roughly split between defense and non-defense spending. If these increases are enacted, discretionary spending would increase roughly 7 percent from this year to next, compared with average growth of 4 percent from 2004 to 2013.

Link: http://www.cato.org/publications/commentary/obamas-class-warfare#vyrboc:c1w

Edited January 23, 2015 by luckytxn

[Trumplestiltskin 5,791]

Positively Dickensian

[decocker 7,198]

a little class warfare is healthy. cato institute be hatin.

[Trumplestiltskin 5,791]

Yeah funnily enough is never the rich so complain about it. It's always a strata of middle America that feels the need to stop any mud from splashing onto the rich.

Heaven forbid anyone takes a swipe at rich tax dodgers.

[Teddy B 17,252]

Nice little commentary to start the day.

The American economy is finally coming back, after one of the slowest post-recession recoveries in recent history.

What does this even mean? How many recessions have we had "in recent history", and what exactly qualifies as "recent history"?

[Mr. Big Dog 10,747]

We'll start making progress once the trickle down followers realize that trickle down has and continues to hurt the US economy. An economy that largely relies on consumers to spend cannot thrive when 95% of consumers have ever less to spend. It's really not that hard to understand. As long as income and wealth inequality increases, every recovery will be slower and weaker than the previous one. Eventually, there will be no recovery and we'll have the next depression. Not a question of whether it'll happen given the increasing income and wealth inequality but a question of when. We could do something about it, of course, but given the political climate, we most certainly won't.

[luckytxn 2,264]

What ever the bought and paid for media says it means.

What does this even mean? How many recessions have we had "in recent history", and what exactly qualifies as "recent history"?

[Teddy B 17,252]

What ever the bought and paid for media says it means.

When an article starts off with a sentence that makes absolutely no sense, chances are the rest of the article will follow suit.

[decocker 7,198]

When an article starts off with a sentence that makes absolutely no sense, chances are the rest of the article will follow suit.

if you're reading an article from the cato institute, chances are you've already wasted time you won't get back

[Teddy B 17,252]

if you're reading an article from the cato institute, chances are you've already wasted time you won't get back

I'm sure the article was the result of a Google fishing expedition. The search criteria was probably something like: "I hate Obama".

[Trumplestiltskin 5,791]

When an article starts off with a sentence that makes absolutely no sense, chances are the rest of the article will follow suit.

As someone with some experience as a journalist, if the point the author is trying to make isn't clear in the first paragraph you can be assured that the rest of it is cack too.

[Sousuke 1,214]

I'm sure everyone has heard this before but - Class Warfare has been going on for 30 years and 99% of America has been losing.

[Mr. Big Dog 10,747]

What does this even mean? How many recessions have we had "in recent history", and what exactly qualifies as "recent history"?

We had two. One at the onset of Bush's Presidency and one at the onset of Obama's Presidency. And contrary to what right wingers would have you believe, the slowest and weakest recovery was not that which Obama presided over. It was the other one. At no point during the previous administration were nearly as many private sector jobs created as have been created since 2009.

I'm sure everyone has heard this before but - Class Warfare has been going on for 30 years and 99% of America has been losing.

#fact

[Teddy B 17,252]

We had two. One at the onset of Bush's Presidency and one at the onset of Obama's Presidency. And contrary to what right wingers would have you believe, the slowest and weakest recovery was not that which Obama presided over. It was the other one. At no point during the previous administration were nearly as many private sector jobs created as have been created since 2009.

#fact

Thanks for the clarification and reinforcing that the article in the op is full of shyte.

[Póg mo 1,749]

We had two. One at the onset of Bush's Presidency and one at the onset of Obama's Presidency. And contrary to what right wingers would have you believe, the slowest and weakest recovery was not that which Obama presided over. It was the other one. At no point during the previous administration were nearly as many private sector jobs created as have been created since 2009.

#fact

This can't possibly be correct. Bush II cut taxes, and everyone knows lower taxes equals a stronger economy.