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“This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part,” said Obama.
Obama’s latest economic pivot comes on the heels of a dismal Friday jobs report that shows the U.S. labor force participation rate has contracted to its lowest rate in 36 years.
The Obama Administration’s $5.8 trillion of big government deficit spending has caused the United States to suffer an “internal devaluation,” as American worker wages after inflation were forced down in each of the last five years.
Obama's Internal Devaluation Increases Income Inequality
beezzer
reply to post by xuenchen
2014 will be the year of Obamacare, senate hearings on improper use of power, high unemployment, more people on food stamps and government aid, lousy foreign policy, and blaming Bush.
ketsuko
Wage controls to control income inequality?
No.
butcherguy
beezzer
reply to post by xuenchen
2014 will be the year of Obamacare, senate hearings on improper use of power, high unemployment, more people on food stamps and government aid, lousy foreign policy, and blaming Bush.
Some of that sounds vaguely familiar.
Now, if you would have predicted that Nancy Pelosi will say something really stupid.... I'd think that you might be psychic.
ketsuko
reply to post by neo96
Oh, I agree with you, but I'm thinking about what he might do to take "action" and his latest buzz words which happen to be "income inequality."
After all, we need to all experience the biggest joy of socialism - the equal sharing of misery.
EA006
reply to post by Zanti Misfit
You were thinking and typing as i was doing the same. Nobody believes what comes out this guys mouth anymore.