The Obama EconomyLeave a comment
March 22, 2015 by Chris Kite
The United States Economy is doing pretty well. In fact, by some measures it is doing remarkably. The stock market is up to record highs, unemployment is down, corporate profits are booming, and recently, we’ve even seen some growth in personal income for those not at the top of the heap.
But to listen to conservatives talk, you would think that since the economic collapse that started near the end of President George W Bush’s reign, the economy has either not improved or actually gotten worse. The attached link is a great piece detailing how wrong conservatives are.
We still have a serious problem with income inequality. The wealthiest Americans have benefited far more during this economic recovery than the middle class and the poor. And we need to fix that. It is truly laughable that conservatives are now talking about this problem and acting like they have solutions. Their ideas are to eliminate the minimum wage, kill unions, reduce taxes on the rich, decrease regulations that protect workers and the environment, and take health care away from anyone that cannot afford to directly pay the 2014 family policy average of over $16,000.
Let’s be clear. These things are NOT going to fix the problem. They are going to continue to make it worse. This is the direction the country has been heading since Ronald Reagan first introduced “trickle down economics” to a gullible US population. The wealth gap has consistently increased since Reagan was President and it is no coincidence!