December 5, 2013
YET INEQUALITY HAS VASTLY INCREASED DURING HIS TIME IN OFFICE, AS A DIRECT RESULT OF HIS POLICIES: Obama: ‘Profoundly unequal’ economy a ‘fundamental threat.’ And even this news report kind of gets at that:
Obama’s speech came as the president has seen his approval ratings drop with the disastrous rollout of ObamaCare.
A CBS News poll released last month showed six in 10 adults disapprove of the president’s handling of the economy. Some 69 percent say the president has not made real progress toward fixing economic problems. And despite a booming stock market, unemployment remains high, at 7.3 percent.
Unemployment would be even higher were it not for the millions of people who have left the workforce. The percentage rate of people in the workforce has fallen since the recession that was in full force at the beginning of Obama’s presidency.
Republicans argue ObamaCare and regulations issued by the administration are holding back the economy further, hurting people at various income levels.
Bailouts for Wall Street and tax increases for ordinary Americans don’t boost income equality.