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Thread: Over 90% of the income gains in the first year of the recovery went to the top 1%

  1. #51
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Neomalthusian View Post
    I do believe it has been intentional. Who knows if the candidates take themselves seriously or not, but Americans don't. Sure the dyed in the wool Republican voters will rally behind whoever the GOP throws at them, but there is no genuine excitement about any of them. And as for '08, I don't need to point to anything more than 1) Romney ducking out early and 2) Palin. It was a throw away. This year will be too, if I'm putting money on it.

    We are passive recipients of who the parties and power structures behind them deliver to us. It's not democratic, and nothing's really going to change.
    I am very happy with the the democratic choice, there is no one on the horizon, including third parties, I would prefer.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    This is why it is so very poetic that Romney will be the representative of the 1% in the big battle with the 99% coming up in November. If it this had been scripted for a movie, there is no one better they could have chosen than the King of the 1% himself to represent his kind.
    Poetic indeed. Remind me again who enabled this 90% to go to the 1%.

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    I am very happy with the the democratic choice, there is no one on the horizon, including third parties, I would prefer.
    That's why you're happy with the Democratic choice?

    Other than having to hear Bush's incessant bumbling idiocy in front of the microphone, I have a hard time imagining what would really be different were he still President. They support the same policies.

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    Even though their campaign strategy since 2010 has pissed off hispanics, blacks, women and the working class, I don't believe it has been their intent. I think in their zeal to beat Obama, they have just pushed the moderates away from their party, including possible contenders that might have beaten Obama.
    telling the truth seems to piss off most of those people it seems

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Dickieboy View Post
    Poetic indeed. Remind me again who enabled this 90% to go to the 1%.

    Reaganomics (deregulation and supply side economics) began in 1981 under the Reagan Administration, the same failed con that Romney is selling today.

    It is poetic the GOP chose Daddy Warbucks to represent the 1% in battle with the 99%. Should make for some epic campaign ads soon!
    Last edited by Catawba; 03-09-12 at 01:18 AM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    Reaganomics (deregulation and supply side economics) began in 1981 under the Reagan Administration, the same failed con that Romney is selling today.

    It is poetic the GOP chose Daddy Warbucks to represent the 1% in battle with the 99%. Should make for some epic campaign ads soon!

    What is going to make the ads EPIC is the corporate take over (possibly even some slimmed through foreign buck) slough of greenback being chucked at it with the citizens united ruling. I still shake my head at SCOTUS on this ruling and it doesn't much surprise me that the politicians are not doing anything about it, shh because they actually want the money. nod;wink
    Last edited by barbarian_style; 03-09-12 at 02:27 AM.

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by barbarian_style View Post
    What is going to make the ads EPIC is the corporate take over (possibly even some slimmed through foreign buck) slough of greenback being chucked at it with the citizens united ruling. I still shake my head at SCOTUS on this ruling and it doesn't much surprise me that the politicians are not doing anything about it, shh because they actually want the money. nod;wink
    You make a good point, this will be a first time for unlimited anonymous corporate campaign donations. However, even with that, I don't think they will be able obscure the reality of the last decade of failed supply side economics and deregulation, and its devastating effects on the working class and the economy.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    Reaganomics (deregulation and supply side economics) began in 1981 under the Reagan Administration, the same failed con that Romney is selling today.
    Huh? The OP states:

    Quote Originally Posted by JP Hochbaum View Post
    In 2010, average real income per family grew by 2.3% … but the gains were very uneven. Top 1% incomes grew by 11.6%, while bottom 99% incomes grew only by 0.2%. Hence, the top 1% captured 93% of the income gains in the first year of recovery. Such an uneven recovery can help explain the recent public demonstrations against inequality.”
    So let me get you point straight. The author references income growth IN 2010 THE FIRST YEAR OF THE RECOVERY under the current administration and you blame Reaganomics, an administration from 20-25 years ago. And somehow the ramifications of the ‘80’s policies ‘jumped’ the ‘90’s which saw 20% income growth (per OP link). How does that work? I’m going to need a more detailed explanation of this as it appears you are reverting into your customary ‘Reagaonomics/supply side/trickle-down’ mantra is the reason for all that is bad today

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by TurtleDude View Post
    telling the truth seems to piss off most of those people it seems

    Yeah, like the truth the GOP is going to be highly irrelevant after this election. Truth hurts doesn't it?

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by Catawba View Post
    Even though their campaign strategy since 2010 has pissed off hispanics, blacks, women and the working class, I don't believe it has been their intent. I think in their zeal to beat Obama, they have just pushed the moderates away from their party, including possible contenders that might have beaten Obama.
    So is Romney not a moderate? He pisses off the fringe on both sides of the aisle and hardcore right-wingers call him a liberal. I don't recall Democrats saying the same thing about their candidate back in 2008.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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