Saturday, January 11, 2014

Where the inequality comes from:

While the President frets that some Americans earn more than others, his economic policies have ensured that this will be the case for a very long time. When the much-maligned Dubya took office, 64 out of 100 Americans were working for a living. During the Obama years, nearly 10 percent of them have lost their jobs or quit looking for work. Meanwhile, interest rates are stuck near zero, causing loose money to chase returns in the stock market, and the rich get richer. Congratulations, Mr. President! You have created your own talking point.

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