Sunday, July 28, 2013

The boring Knox speech

Obama says he wants to assure that the middle class has access to good jobs, education, retirement, healthcare, etc.  Except.  There's no evidence that the middle class is shrinking, and isn't he the president of all the people? All 5 quintiles?  There is still great mobility, despite a recession that was over in 2009, despite the millions added to SNAP rolls during the Obama reign. What about the poor, for instance? They need jobs so they can make it into the middle class; government assistance and transfers won't get them where they need to go. There are so many areas where the economy could boom in just energy, spreading out to more jobs, but Obama and Democrats block them. Then Obama blames "Washington" and "phony scandals."

Don't buy Obama's lies about the middle class. "A Treasury Department analysis of income-tax returns for two 10-year periods, 1987-1996 and 1996-2005 by Treasury economists Gerald Auten and Geoffrey Gee, representing 84 million returns for 120 million taxpayers, found that economic mobility has not changed. From the 1980s to 2005, many Americans progressed both in terms of absolute mobility — they became better-off in absolute terms — and in terms of relative mobility — they rose to another part of the income distribution." Diana Furchtgott-Roth, Market Watch

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