Fed: Under Obama, only the richest 10 percent saw incomes rise

"Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve."

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name one democratic economic plan he has followed?

dropping taxes is a republican idea.

we are still using the failed "supply-side" model of drop the taxes on the rich and it will trickle down to the rest of us.

this just shows that that idea is false. it hasnt trickled down since it was inacted under raygun, and isnt about to start now.

median income started to flatline under raygun and his trickle down policy while ceo pay skyrocketed. this is just another example.

p.s. dont get me wrong, obama is not blameless in this. however, the major onus of this issue belongs to supply-side economics and those that support it, which is mostly conservatives.

And it will be much, much worse when Hillary takes over.

Second line.

The president does not control the economy. Central banks and multinational corporations have that responsibility.

Yah, Hitlery…

Saying "Under Obama" is misleading, he doesn't even work at the Bank.

a reply to: MALBOSIA

The policies that the administration puts forth sure have an effect.

I own a small corporation and have many friends that do as well. The policies that we've been bombarded with have been crippling. The job market is stagnant and wont be getting better anytime soon. Matter of fact, I have this sinking feeling it will get much, much worse!

I know, "the President is just a puppet" and, "it's all Bush's fault"! Yes, you can have it both ways!(not speaking to you on my last line)

Can we do it!? YES WE CAN!!!!

It does not trickle down. Job creation come from new ideas. Or for selling more products at an existing business. What sells more products? Giving breaks to those that spending habit would change if you gave them more. Who would that be? The ones that live pay check to pay check. The poor. They will put it all back into the economy buying products and in turn those businesses profit from selling more and those that own the businesses, The 10% get it. Duh everybody gets some that way. It trickles up.

a reply to: stormson

Isn't this like Satan telling us one of his demons was a bad boy. The last group of people that should be speaking is the bankers.

Can we now finally put to rest the crazy, proven false time and time again notion that Obama is a socialist? He has always represented the interests of the rich and powerful. He is a corporatist through and through.

originally posted by: kimar
Can we now finally put to rest the crazy, proven false time and time again notion that Obama is a socialist? He has always represented the interests of the rich and powerful. He is a corporatist through and through.

Can we also get rid of the idea he cares about the little guy? I can't believe people voted for him twice thinking he would fix everything. Smh

originally posted by: KawRider9
a reply to: MALBOSIA

The policies that the administration puts forth sure have an effect.

I own a small corporation and have many friends that do as well. The policies that we've been bombarded with have been crippling. The job market is stagnant and wont be getting better anytime soon. Matter of fact, I have this sinking feeling it will get much, much worse!

I know, "the President is just a puppet" and, "it's all Bush's fault"! Yes, you can have it both ways!(not speaking to you on my last line)

Actually Clinton was the one to blame if there was a president at fault. He let China into the WTO and pitched it as though America was going to get access to a billion new consumers... which never happened. The US lost all it's manufacturing jobs from that deal alone.

Watch DEATH BY CHINA, it paints a pretty disturbing picture.

I know I just contradicted myself blaming it on a president but in the end it never would have mattered if there was no central banking industry and the POTUS could actually decide which sector needs growth and target it with cash injections that have no consequence to tax payers.

Print and spend is the solution. Borrow and tax is the scam of all scams.

originally posted by: KawRider9
a reply to: MALBOSIA

The policies that the administration puts forth sure have an effect.

I own a small corporation and have many friends that do as well. The policies that we've been bombarded with have been crippling. The job market is stagnant and wont be getting better anytime soon. Matter of fact, I have this sinking feeling it will get much, much worse!

I know, "the President is just a puppet" and, "it's all Bush's fault"! Yes, you can have it both ways!(not speaking to you on my last line)

what have you done to increase demand? have you given your employees more money so they can buy what ever it is your selling?

you should know better than anyone that you can have all the money, hire all the people, but if the people dont want what youre selling, you go bust.

how can the people afford to buy all the stuff people are selling if their pay is decreased to pay the ceo even more?