The counterposition of these paltry proposals to the last significant social reforms in the US, including Medicare, Medicaid and food stamps, only underscores the repudiation by the political establishment and both big business parties of social reform and their joint drive to dismantle the reforms of the past. Obama’s claims to be fighting inequality are belied not only by his past record, but by the further attacks on the working class he is presently pursuing.
The increase in the minimum wage to $10.10 an hour being advanced by the Democrats would leave the base wage, in real terms, lower than it was in the 1960s.
This compares to the trillions of dollars handed over to the banks and corporations in the form of taxpayer bailouts and the tens of billions in monthly subsidies to the financial markets provided by the Federal Reserve Board. The Democratic-controlled Senate this week ensured the continuation of this policy by handily confirming Obama’s nominee and Wall Street’s pick, Janet Yellen, to succeed Ben Bernanke as the next Fed chairman.
Obama’s singled-minded focus on covering the bad bets of Wall Street and further enriching the financial elite, in part by driving stock prices and corporate profits to record highs, has fueled a staggering increase in social inequality. The total wealth of billionaires has more than doubled since the stock market hit bottom in March of 2009. Since then, the Standard & Poor’s 500 stock index has risen by 170 percent. More than 95 percent of all income gains in the US during Obama’s first term went to the richest 1 percent of the country.
POVERTY
IN AMERICA .... OBAMA'S TRUE
LEGACY!
LEGACY!
UNDER OBAMA IT IS SOARING POVERTY FOR AMERICANS BUT STILL
SOARING PROFITS FOR HIS BANKSTER DONORS!
MORE HERE:
THERE ARE MILLIONS OF ILLEGALS IN OUR JOBS AND BILLIONS IN
WELFARE HANDED OVER TO ILLEGALS SO THEY KEEP COMING AND KEEP WAGES DEPRESSED
FOR THE BENEFIT OF THE POLITICIANS’ PAYMASTERS!
THE DEMS WAR
ON POVERTY…. MEXICO’S NOT AMERICA’S …. as their bankster paymasters loot
Americans wave after wave!
http://mexicanoccupation.blogspot.com/2013/09/obamas-assault-on-american-people-on.html
The study noted that, in the aftermath of the Great
Depression, the US undertook policies “during the New Deal [that] permanently
reduced income concentration until the 1970s.” In contrast, the study noted a
striking absence of any measures to reign in social inequality in the present
crisis. Far from it, the Obama administrations’ bank bailouts, austerity
program and wage-cutting policies have vastly expanded the prevalence of social
inequality.
THE TWO AMERICAS under Obama:
THE 1%’S WALL STREET CORPORATE WELFARE STATE and LA RAZA – MEXICO’S
FASCIST WELFARE STATE in AMERICA…
American’s get the tax bills for Wall Street and MEXICO’S
looting!
*
HOPE and CHANGE and endless lies and con jobs as his WALL
STREET DONORS’ LOOTING of AMERICA CONTINUES!
Having presided for the past five years over an unprecedented growth of social inequality, President Barack Obama, down in the polls because of popular indignation over his fraudulent health care “reform,” adopted the unlikely pose of tribune of egalitarian values in a speech on Wednesday at the pro-Democratic Party Center for American Progress in Washington DC.
http://mexicanoccupation.blogspot.com/2013/12/the-bankster-owned-president-for-1.html
In typical fashion, Obama decried the growth of inequality in America as though he were an innocent bystander and had absolutely no role in the process he was criticizing. The most remarkable aspect of the speech was the contempt for the intelligence of the American people it expressed.
Obama than Bush
The study noted that, in the aftermath of the Great
Depression, the US undertook policies “during the New Deal [that] permanently
reduced income concentration until the 1970s.” In contrast, the study noted a
striking absence of any measures to reign in social inequality in the present
crisis. Far from it, the Obama administrations’ bank bailouts, austerity
program and wage-cutting policies have vastly expanded the prevalence of social
inequality.
*
INEQUALITY
*
THE TWO AMERICAS under Obama:
THE 1%’S WALL STREET CORPORATE WELFARE STATE and LA RAZA – MEXICO’S
FASCIST WELFARE STATE in AMERICA…
American’s get the tax bills for Wall Street and MEXICO’S
looting!
*
HOPE and CHANGE and endless lies and con jobs as his WALL
STREET DONORS’ LOOTING of AMERICA CONTINUES!
Having presided for the past five years over an unprecedented growth of social inequality, President Barack Obama, down in the polls because of popular indignation over his fraudulent health care “reform,” adopted the unlikely pose of tribune of egalitarian values in a speech on Wednesday at the pro-Democratic Party Center for American Progress in Washington DC.
http://mexicanoccupation.blogspot.com/2013/12/the-bankster-owned-president-for-1.html
In typical fashion, Obama decried the growth of inequality in America as though he were an innocent bystander and had absolutely no role in the process he was criticizing. The most remarkable aspect of the speech was the contempt for the intelligence of the American people it expressed.
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