Income Inequality Rose Most Under President Clinton

Investor's Business Daily-

Income Inequality Rose Most Under President Clinton.

In his weekend radio address, President Obama decried that "over the past three decades, the middle class has lost ground while the wealthiest few have become even wealthier." Although he was trying to leverage the Occupy Wall Street movement, the income gap has been a longstanding concern of his.

During the 2008 campaign, Obama said, "The project of the next president is figuring out how do you create bottom-up economic growth, as opposed to the trickle-down economic growth that George Bush has been so enamored with."

But it turns out that the rich actually got poorer under President Bush, and the income gap has been climbing under Obama.

What's more, the biggest increase in income inequality over the past three decades took place when Democrat Bill Clinton was in the White House.

The wealthiest 5% of U.S. households saw incomes fall 7% after inflation in Bush's eight years in office, according to an IBD analysis of Census Bureau data. A widely used household income inequality measure, the Gini index, was essentially flat over that span. Another inequality gauge, the Theil index, showed a decline.

In contrast, the Gini index rose — slightly — in Obama's first two years. Another Census measure of inequality shows it's climbed 5.7% since he took office.

Meanwhile, during Clinton's eight years, the wealthiest 5% of American households saw their incomes jump 45% vs. 26% under Reagan. The Gini index shot up 6.7% under Clinton, more than any other president since 1980.    [emphasis mine]
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Solid Objective Reporting

Over a period of just three and a half days, NBC, CBS and ABC have developed an insatiable hunger for the Herman Cain sexual harassment story, devoting an incredible 50 stories to the allegations since Monday morning. In contrast, over a similar period these networks mostly ignored far more substantial and serious scandals relating to Bill Clinton.
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Related article: That was then. This is N.O.W. / November 3, 2011 by Don Surber - "I am going to keep this simple. What was said by National Organization President Patricia Ireland about Paula Jones on April 2, 1998, and what NOW is saying now about Herman Cain" ----read all

Scapegoating Jews Growing in U.S.

Thirty-five million Americans harbor a hatred for Jews and number growing as economy continues to stall

Anti-Defamation League survey shows the most-educated were least prejudice

Millions of Americans harbor an ugly secret — they’re suspicious of the Jews.

A nationwide survey released Thursday by the Anti-Defamation League found that 15% of the country holds deeply anti-Semitic views — and as the economy worsens that number appears to be growing.

“It is disturbing that with all of the strides we have made in becoming a more tolerant society, anti-Semitic beliefs continue to hold a vise-grip on a small but not insubstantial segment of the American public,” the ADL’s Abraham Foxman said.

Old stereotypes about Jews being pushy and controlling the economy are festering — especially among the least-educated Americans, the survey found.

Among other things: -----------------read more

Related article: American Nazi Party Endorses Occupy Wall Street‘s ’Courage,‘ Tells Members to Support Protests and Fight ’Judeo-Capitalist Banksters’

New Evasive Tactic - Feign Illegal Status

Man posed as illegal immigrant to avoid prison, police say

Jaime Alvarado, welcome to the annals of truth-is-stranger-than-fiction crime stories.

The Salt Lake City man was facing cocaine and heroin possession charges last year that could have sent him to prison for up to 15 years, the Associated Press reported. So Alvarado, 27, came up with a novel solution.

He got deported.

Alvarado told law enforcement and immigration officials that his name was Saul Quiroz and that he’d sneaked across the U.S.-Mexico border illegally, the AP said. Authorities shipped him back to what they believed was his country of origin.

Instead of vanishing into a beach town or big city, however, Alvarado returned to the U.S. And earlier this year, he got arrested. In Salt Lake City. Again. -----------------------read more

Michael Winslow - Whole Lotta Love

Robert Plant, Jimmy Page, and John Bonham all rolled in one.

Mr. Reid,...Tear Down This Wall!

House Jobs Bills Have Had More Bipartisan Votes Than President Obama's Stimulus Bills

Did Newt Deliver Divorce Papers to his 'Dying Wife'?

That wife Gingrich left on her death bed is alive Look, I thought it was true, too. That when Newt Gingrich's first wife was dying of cancer, he delivered divorce papers to her so he could get together with a younger woman.

Now, a lot of that story seems to be true, according to this column by GIngrich's daughter, while much of it is misrepresented, she claims. But the one fact that really caught my eye: Newt Gingrich's first wife, Jackie Battley Gingrich, is still alive. She wasn't really on her death bed.

Here's the passage from young Jackie Gingrich Cushman's column from May:

"My mother and I have both recently run into quite a few people who hold an inaccurate understanding of this hospital visit. Many think my mother is dead.

"So, to correct the record, here is what happened: My mother, Jackie Battley Gingrich, is very much alive, and often spends time with my family. I am lucky to have such a "Miracle Mom," as I titled her in a column this week. [...]"
[snip]
"[....]
[It was the spring of 1980.

I was 13 years old, and we were about to leave Fairfax, Va., and drive to Carrollton, Ga., for the summer. My parents told my sister and me that they were getting a divorce as our family of four sat around the kitchen table of our ranch home.

Soon afterward, my mom, sister and I got into our light-blue Chevrolet Impala and drove back to Carrollton.

Later that summer, Mom went to Emory University Hospital in Atlanta for surgery to remove a tumor. While she was there, Dad took my sister and me to see her.

It is this visit that has turned into the infamous hospital visit about which many untruths have been told. I won't repeat them. You can look them up online if you are interested in untruths. But here's what happened:

My mother and father were already in the process of getting a divorce, which she requested.

Dad took my sister and me to the hospital to see our mother.

She had undergone surgery the day before to remove a tumor.

The tumor was benign.]

"Newt's daughter goes on to state that her mom (Newt's first wife) had requested the divorce. But most importantly, it seems -- SHE DIDN'T DIE. "------------(read more)

Ht -Lucianne.com

Dependency On The Rise

Hot Air - A new report posted today by the U.S. Department of Agriculture shows a record 45.8 million Americans received assistance through the Supplemental Nutrition Assistance Program in August — 1.1. percent more than in July and 8.1 percent more than in August 2010.

That new record is not surprising: The number of Americans receiving food stamps has reached new highs every month except one since December 2008, according to Bloomberg. Spending on the program also reached a record $6.13 billion.

On the one hand, part of the increase has to be attributed to the high unemployment rate of 9.1 percent. On the other hand, joblessness can’t be the entire explanation.

A new report posted today by the U.S. Department of Agriculture shows a record 45.8 million Americans received assistance through the Supplemental Nutrition Assistance Program in August — 1.1. percent more than in July and 8.1 percent more than in August 2010.

That new record is not surprising: The number of Americans receiving food stamps has reached new highs every month except one since December 2008, according to Bloomberg. Spending on the program also reached a record $6.13 billion.

Anyone who has seen “the EBT rap” knows food stamps aren’t exactly what they used to be.

[snip]

“Mr. EBT” says he intended his rap to be a parody of welfare abuses. Still, that doesn’t change that it captures this truth: As the program is currently constructed, no real incentive exists to move beyond government assistance to a life of work and personal responsibility.
In consequence, more people enroll, but equivalent numbers don’t “graduate” from the program. So, not surprisingly, government spending on SNAP has doubled just since 2008...read more

Class Warfare Erupts In South Park

Former Marxist - Thomas Sowell

Assist With Abortions Or Else!

WND - A dozen nurses have filed a lawsuit against a hospital run by the University of Medicine and Dentistry of New Jersey over a plan that would coerce them to help with abortions, and they want an injunction right away as the hospital has scheduled them to be in the operating rooms as early as Friday.

And the complaint asks that the hospital be told to return some $60 million to the federal government, too.

Federal law prohibits hospitals that receive certain types of federal funds from forcing workers to help with abortions, according to the case brought by the Alliance Defense Fund.

Further, New Jersey law states, "No person shall be required to perform or assist in the performance of an abortion or sterilization." ---read more

Another Cancerous Tumor Found In Academia

Frontpage- For those of us old enough to be AARP members, the name “Kent State” conjures up memories of the killings of 4 Kent State students on May 4, 1970 in an over-reaction by Ohio State Guardsmen positioned on the campus during anti-war protests.

This past week Kent State gained a new basis for international notoriety and for a different sort of death, this time of academic standards and decency. Kent State is home to one of the worst tenured jihadists and pseudo-academic barbarians on the planet.

Julio Pino is a tenured pseudo-academic, teaching Latin American history at Kent State. He was born in Cuba in 1960 and is a proud Fidelista, although he seems to prefer the option of having three square meals to eat in the heartland of American capitalism to living in the workers’ paradise. In 2000 he converted to Islam and adopted the new name, Assad Jibril Pino. Since then he has been a professional anti-Semite and rabble rouser against Israel. He routinely denounces Israel for perpetuating “genocide” and Nazi-like crimes. (He evidently has never found any crimes in Cuba committed by the communists there, nor any human rights abuses of Muslims in Muslim regimes.) He proudly admits to being a full-time indoctrinator of his students at Kent State. He has referred to his students at Kent State as his “little jihadists” and his “beloved Taliban.” He insists that the United States is “rapidly descending toward Christian fascism, we need more Ward Churchills.” In September 2000, Pino declared a fatwa on the moderator of the “Marxism List,” proclaiming that those who dared to disagree with him were “hereby sentenced to death.” He routinely celebrates mass murderers and suicide bombers, including the al-Qaeda terrorists who attacked the US on 9-11. The Kent State student paper has had some biting satire to say about all this.

Pino was in the news this past week for academic barbarism. An Israeli diplomat was speaking at Kent State and Pino jumped up and interrupted the talk by screaming “Death to Israel.” Pino was upset when the diplomat noted that that Israel had offered humanitarian aid to Turkey, despite Turkey’s recent behavior, and Pino insisted the aid was really just profits from murdering Arab babies. ---------continue reading

Where's The "Inaction" In Congress?

Currently, there are more than 15 bi-partisan jobs related bills being held up by Obama's former colleague. Where are the "jobs" bills stuck? HINT:

image from Weaselzippers

Great Piloting Skills in Belly Landing

A recording has emerged of the exchange between the control tower and the pilot of the faulty Boeing 767 moments before it made an emergency landing at Warsaw airport.

California: Bread Basket to Crumbs

Inequality - Good or Bad?

Watch Does U.S. Economic Inequality Have a Good Side? on PBS. See more from PBS NewsHour.

New CPR technique revives man after 63 minutes without pulse

HORROR At Occupy Wall Street!

Obama's Student Loan Bailout

image from SodaHead

Human Events- President Obama’s exciting “soft dictatorship” re-election strategy, in which he looks for ways he can get around Congress to buy votes with expensive bailout proposals, moved from underwater home mortgages to deep-sea student loans on Wednesday.

“Refinancing” is the hot catch phrase of the day, and Obama’s got some rather dramatic refinancing in mind for those student loans. Besides lowering the interest rates, and allowing students to consolidate private and government loans, he wants to accelerate the implementation of a program to cap student loan repayments at 10 percent of the debtor’s income - after a generous $10,000 deduction for “poverty-level” basic necessities - for a maximum of 20 years.

The current rules limit payments to 15% of income, with remaining debt forgiven after 25 years. Congress voted to implement the new caps in 2014, but Obama wants to use some executive hocus-pocus to jump-start them in 2012. You need only glance at the Occupy Wall Street crowds to see why. Indebted young people are a very carefully targeted Obama constituency. Just wait until they find out how much Obama has left them in debt to the government.

An analysis from Daniel Indiviglio at the Atlantic notes that given the means tests built into the program, making it available only to those with annual incomes below $32,000, the theoretically huge benefits of the Obama plan will translate in practice to something like $4 to $8 per month in immediate savings. Students who rack up really staggering debt loads for advanced degrees will usually end up with too much annual income to participate.

Remarkably, Obama claims this magical minimal debt relief “won’t cost taxpayers a dime,” as the Washington Times reports:  [read more]

Biden's Prophecy Comes to Past - "Permanent Jobs"

...and another on bites the dust: A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse.

Obama Continues To Divert Blame

B.O. still trying to seduce large ignorant voting base.

The Dailly Caller - President Barack Obama and Occupy Wall Street are speaking the same language.

In his weekly address to the nation, Obama cited an economic report showing that the middle class has lost ground to “the top one percent.”

“The average income for the top one percent of Americans has risen almost seven times faster than the income of the average middle class family,” he said. “And this has happened during a period where the cost of everything from health care to college has skyrocketed." [He's hoping few notice that Obamacare is pushing health costs up and government's involvement with student loans and grants are creating an artificial demand for college enrollment causing the "skyrocketing" tuitions]
Obama explained that Americans should not spite the wealthy [What a crock!], but that prosperity should be available to all classes.
“Now, in this country, we don’t begrudge anyone wealth or success — we encourage it. We celebrate it,” he said. [Is he really not aware of his glaring contradictions?] “But America is better off when everyone has had the chance to get ahead — not just those at the top of the income scale. The more Americans who prosper, the more America prospers.” [Amazing!]...............read more
[brackets mine]

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