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Growing the income gap
Washington Times, by Editorial

Original Article

Posted By:garnet, 1/15/2014 8:40:06 AM

Snarky attacks on Wall Street, wealthy investors, bankers and other favorite liberal targets have become the soup of the day. President Obama’s “income inequality” has replaced the “war on women” as his second-term mantra, but the inequality is from Mr. Obama’s own kitchen. The Obama stock market is soaring. Wall Street and private investors are reaping record returns on their investments, while seniors and ordinary Americans with no millions to invest see their savings and the return on their investments dwindle as interest rates are held unrealistically low.

      


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Reply 1 - Posted by: horacer, 1/15/2014 8:53:29 AM     (No. 9692702)

Obama´s the accelerant. This could grow into another ´war on women´ type issue if Republicans don´t start explaining why a free market creates jobs and lifts people out of poverty and government interference doesn´t. Dodd-Frank and Obamacare are disasters.

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Reply 2 - Posted by: dallasdude, 1/15/2014 9:05:42 AM     (No. 9692717)

Low rates with 80 or so billion in new printed money per month from Treasury to pay bills. then we borrow money from abroad )China) to buy Treasury Notes at low rate with long term bonds.
When these long term bonds come due rates will no doubt be much higher say twice that of today. Bonds then are valued less than original due to rate increase so ~~
we borrow money to buy notes that will become worth much less than purchased.
WE ARE SCREWED..........

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Reply 3 - Posted by: Blue-Z-Anna, 1/15/2014 9:20:19 AM     (No. 9692740)

Borrow all the money you can.

Stretch out the payments as long as you can.

Today´s "Good Money" will be payed back with Bernanke-Yellen Bucks carried in a wheel barrow.

Inflation is evil as it rewards bad behavior and punishes the thrifty and prudent.

If I were religious I would call this the definition of evil on the loose.

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Reply 4 - Posted by: Clinger, 1/15/2014 9:48:06 AM     (No. 9692773)

Why is it that the growing income gap is taken at face value without challenge. What counts as income, are we really talking about income or is it wealth. How do the lower 10% live vs. the upper 10% and how has that changed in time.

Do government entitlements count as income? If not, as we purchase votes through entitlements replacing an income based tier of the socioeconomic ladder with an entitlement based tier, are we not then widening the income gap while perhaps not the living or wealth disparity. Is it not then a self fulfilling prophesy providing a means to claim a need to do more of the same?

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Reply 5 - Posted by: mickturn, 1/15/2014 10:47:40 AM     (No. 9692868)

There is NO income gap...there is a work ethic gap, an integrity gap, a desire to better oneself gap, a ´LIAR´ saturation, a skill gap and an intelligence deficit.

IF you want more income, get off your collective Taker arses and get a skill and work harder. Otherwise, STARVE!

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