Originally Posted By Mr X Notorious left-wing rag Forbes.com has published a ridiculous article in favor of their precious President Obama. I look forward to reading the inevitable conservative retorts, please don't all shout at once, and be sure to consult your radio before, repeat BEFORE penning your opinion. <a target="blank" rel="nofollow" href="http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing">http://www.forbes.com/sites/ad...nvesting</a>
Originally Posted By RoadTrip To be fair, the economic growth has benefited primarily those at the upper end of the income ladder. Those on the middle or lower end have seen little benefit. Many of the jobs lost at the start of the recession were solidly middle-upper middle income jobs. Most jobs created since then have been low paying jobs in the service industry. As under Reagan, the majority of Americans are still waiting for "trickle down" to occur.
Originally Posted By Dabob2 RT is quite right that most economic benefits of the recovery have been for the already wealthy, but (as he also points out) the same was true under Reagan. It has been the trend for the last 30+ years. And in both cases, naturally the non-wealthy did benefit to a degree from an improved economy. At any rat,e as the article shows, on pretty much every measure, the economy/recovery has performed better under Obama than Reagan. It is most definitely a problem that the benefits have not flowed equally, but that was the case in the 80's too.
Originally Posted By SuperDry <<< most economic benefits of the recovery have been for the already wealthy, but (as he also points out) the same was true under Reagan >>> That's one of the bigger mysteries to me about how much opposition Obama has had from certain quarters. Take the likes of the Koch brothers, or the many like him who seem to be dyed-in-the-wool right wingers. Look at the stock market: Obama Administration to date, almost 6 years in: up 133% GWB Administration: down 37% Clinton administration: up about 170% It seems that it would be very difficult to argue that having a Democrat in the White House is bad for business.
Originally Posted By Mr X Unless the stock market isn't their only concern. It occurs to me that the GOP might be better for the military industrial complex, not to mention certain industries such as oil. OR, is it simply that they want the Democrats to keep bending over even more backwards to try and change an image the powers that be have no intention of allowing to change? On the face of it, your logic is sound SD. It doesn't make sense to me either. I can only imagine there's a deeper game being played?
Originally Posted By Mr X One more (perhaps way off base) thought, do the mega-rich really want the market to go up smooth and steady? They seem to make their money no matter which way the wind blows, as long as there's sufficient volatility. Perhaps they WANT the right wingers to come into office and swing the pendulum for them. I dunno, that one seems off even as I read it. Still, it's an interesting point to ponder (why some of them don't show at least some support for the Democrats). Perhaps they're more concerned with stuff like minimum wages and ease of offshoring and tax breaks? All of that is certainly preferable under a Republican for big business.
Originally Posted By RoadTrip I can think of only one realistic possibility. The big money Republicans suspect that the true reason behind the market run-up has been the massive injection of money into the economy by the Fed and government borrowing. And to a large extent that is true. I think they are afraid the the total U.S. debt will eventually become so great that foreign investors in T-bills will eventually fear default and either refuse to invest completely or demand such a high rate of return that the cost of borrowing will greatly increase, sending our economy into a tail-spin. That fear is not entirely unrealistic and has occurred in several European countries. I do think the possibility of that happening is reduced as our annual deficit becomes smaller. But any deficit at all adds to the total amount the country owes.
Originally Posted By TeaPartyWave " I look forward to reading the inevitable conservative retorts " Mr. X - LOL....there are no conservatives left on here brother. The fascist, always confused yet arrogant liberals had them all banned after having their asses handed to them on every topic under the sun. Reagan won how many states in his 1984 re election bid?
Originally Posted By BeausCuckolder <after having their asses handed to them> FAct is only one thats had their ass handed to them is your wife by me.
