When youre an Independent, one can see the failings of both the Republicans and the Democrats more clearly and can reason with the facts on the table. The great vice of Capitalism is the unequal sharing of blessings, the great virtue of Socialism is the equal sharing of misery. If you are not a Socialist at 20, you have no heart. And if you are not a Capitalist at 40, you have no brains. The President and the Democrats have signaled they intend to do nothing to alter the fiscal course the nation is currently on; in fact they intend to accelerate it. Without any firm and viable political opposition, wealth and job creation will further deteriorate with the full second term implementation of Obamacare, higher taxes, ever increasing government expenditures, and the mushrooming debt, continued erosion of the value of the dollar and its potential demise as the world’s reserve currency, as well as a Niagara Falls of new regulations. The Census Bureau publishes the Gini Index monthly, which is the official measure of income inequality. That index has climbed every year President Obama has been in office. It was flat during the eight years under President Bush, which means inequality did not increase during that administration. Inequality is increasing under President Obama because the incomes of the top 20% of income earners are increasing, while the incomes for everyone else have been declining. That is right, Progressives, what all your huffing and puffing has achieved is the rich getting richer, and the poor getting poorer!!! That didn’t happen under Reagan, where the rich got richer, and the poor got richer. After 1983, the poverty rate declined every year under Reagan, and incomes grew for every income quintile. I’m telling you here and now, the American people will be worse off in two more years than they were at the end of 2012; and a majority of the citizenry will increasingly experience the malaise and suffering similar to those who lived through the 1930s. Its not going to be pretty.
Posted on: Fri, 03 Oct 2014 21:50:48 +0000
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