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(American Thinker)   Income inequality wasn't a problem until Obama took office   (americanthinker.com) divider line 217
    More: Unlikely, Obama, income inequality, devaluation, Investment Company Institute, price bubble, seasonal adjustments, investment return, U.S. Bureau of Labor Statistics  
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1880 clicks; posted to Politics » on 14 Jan 2014 at 1:34 PM (27 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-01-14 03:07:59 PM

Arkanaut: firefly212: A rising tide only lifts all boats if you're rich enough to have a boat... otherwise you just drown. That's the problem with the Reaganomics thinking that persists to this day.

I hate the way that aphorism is used to refer to Reaganomics -- Reagan basically raised the bigger, fancier boats at the expense of the dinghies and rowboats.  I could make the same argument that a downward redistribution scheme like guaranteed basic income (you could even call it "trickle down"!) raises aggregate demand and therefore should be good for the whole economy, and thus "raises all boats", and so rich people should be for it.


Why would they be for it?  They already get massive tax breaks and bailouts from the government whenever they fark up, so why would they want to switch to a system where they have to rely on volatile forces like consumer demand to get their payout?  If you increase your employees' wages, they only might use that money to buy your product and increase your profits, but if you cut your employees' wages and pocket the rest, your profit is guaranteed.  Honestly, it's just simple risk assessment.
 
2014-01-14 03:10:51 PM

ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job



LOL. Don't let the smooth taste fool you. I'm from DC. I can hang with the best of them on here , but I can get ignorant as a mutherfarker, too. Thats why I always laugh when Farkers go internet gangster on me.
 
2014-01-14 03:18:56 PM
JerseyTim:
Let's see what an unfetchable biased source has to say:  http://www.conservapedia.com/Income_inequality


See also: http://www.conservapedia.com/Mystery:Why_Do_Non-Conservatives_Exist%3F

You know, for the LULZ...
 
2014-01-14 03:19:11 PM

Diogenes: [www.glitter-graphics.com image 10x10][imageshack.com image 338x260]


Sweet and sour chicken balls! How did I miss that.

Should've stuck with what I know

i4.photobucket.com
 
2014-01-14 03:19:36 PM

MayoSlather: The conservative alternate reality is a magical place, where facts are always a matter of convenience and only exist when they coincide with their narrative.


You mean like when it snowed in DC so that confirmed global warming was a hoax?
 
2014-01-14 03:20:35 PM

DROxINxTHExWIND: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job


LOL. Don't let the smooth taste fool you. I'm from DC. I can hang with the best of them on here , but I can get ignorant as a mutherfarker, too. Thats why I always laugh when Farkers go internet gangster gangsta on me.


What, are you from Germantown or something?
 
2014-01-14 03:23:18 PM

grumpfuff: Diogenes: grumpfuff: The sad thing is, for a Conservapedia article, that one is rigorous and well-sourced.

For example, they like to use anti-evolution arguments that even other ID-believers have long abandoned.

/Conservapedia is one of my favorite humor sites

Their bit about how Einstein's Theory of Relativity is a liberal excuse for situational ethics is one of my favs.

I dunno, their list of conservative movies/music is pretty hilarious too. They call Metallica conservatives, because they have a song called Don't Tread on Me.


Hetfield is definitely right-wing.  He just chooses not to make a big deal about it.
 
2014-01-14 03:23:18 PM

INeedAName: DROxINxTHExWIND: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job


LOL. Don't let the smooth taste fool you. I'm from DC. I can hang with the best of them on here , but I can get ignorant as a mutherfarker, too. Thats why I always laugh when Farkers go internet gangster gangsta on me.

What, are you from Germantown or something?


I was giving them the benefit of the doubt. I think when they go ITG its more of an Al Capone/ John Gotti thing (gangster) than it is a Freeway Rick Ross/ Big Meech thing (gangsta).


/Hope this clears it.
 
2014-01-14 03:23:42 PM
What an American Thinker economist might look like:

1.bp.blogspot.com
 
d23 [TotalFark]
2014-01-14 03:24:05 PM
images.sodahead.com
 
2014-01-14 03:25:25 PM

ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job


Care to translate for those of us who don't speak jive?
 
2014-01-14 03:25:26 PM

DROxINxTHExWIND: INeedAName: DROxINxTHExWIND: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job


LOL. Don't let the smooth taste fool you. I'm from DC. I can hang with the best of them on here , but I can get ignorant as a mutherfarker, too. Thats why I always laugh when Farkers go internet gangster gangsta on me.

What, are you from Germantown or something?

I was giving them the benefit of the doubt. I think when they go ITG its more of an Al Capone/ John Gotti thing (gangster) than it is a Freeway Rick Ross/ Big Meech thing (gangsta).


/Hope this clears it.


Fair enough. I'm super white and live in NW though, so I really should probably just keep my mouth shut!
 
2014-01-14 03:27:24 PM

mr.Curmudgeon: JerseyTim:
Let's see what an unfetchable biased source has to say:  http://www.conservapedia.com/Income_inequality


See also: http://www.conservapedia.com/Mystery:Why_Do_Non-Conservatives_Exist%3F

You know, for the LULZ...


First sentence in that article: Conservative principles are based on reason.

www.quickmeme.com
 
2014-01-14 03:27:30 PM
a good thing for them that we're kept at each other's throats.
 
2014-01-14 03:27:30 PM
showbizgeek.com
ic.pics.livejournal.com
 
2014-01-14 03:27:56 PM

Dr Dreidel: firefly212: [img.fark.net image 470x447]
Obama and his damned time machine...

Actually, from that graph it looks like we were on the way to fixing that inequality in the latter half of 2008 (the blue line bends down), when SOMETHING that occurred right around the start of 2009 reverses the trend.


Actually, that dip in the blue line is lined right up with August of '08.
 
2014-01-14 03:28:30 PM
I am actually going to agree with AT on this one.

In the previous administration income inequality was not a problem- it was a goal.
 
2014-01-14 03:29:42 PM
bitchslapmag.com
 
2014-01-14 03:29:42 PM

jst3p: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job

Care to translate for those of us who don't speak jive?


The context should explain it all.

The first time I ever heard that term being used was about 10 or 12 years ago. I was at my sister's house and my nephew came in talking about two dogs fighting outside. He said "There are two dogs going ham out there". Like I said, that was the first time I ever heard that phrase, but I knew exactly what he meant, and when he said it, I cried laughing.
 
2014-01-14 03:30:21 PM

INeedAName: DROxINxTHExWIND: INeedAName: DROxINxTHExWIND: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job


LOL. Don't let the smooth taste fool you. I'm from DC. I can hang with the best of them on here , but I can get ignorant as a mutherfarker, too. Thats why I always laugh when Farkers go internet gangster gangsta on me.

What, are you from Germantown or something?

I was giving them the benefit of the doubt. I think when they go ITG its more of an Al Capone/ John Gotti thing (gangster) than it is a Freeway Rick Ross/ Big Meech thing (gangsta).


/Hope this clears it.

Fair enough. I'm super white and live in NW though, so I really should probably just keep my mouth shut!



Naw, not at all. We're getting used to seeing you all walking down the street now. You're one of us. LOL.
 
d23 [TotalFark]
2014-01-14 03:31:13 PM
sd.keepcalm-o-matic.co.uk
 
2014-01-14 03:31:58 PM

jst3p: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job

Care to translate for those of us who don't speak jive?



Hard
As a
Mutherfarker
 
d23 [TotalFark]
2014-01-14 03:32:17 PM
i1.ytimg.com
 
2014-01-14 03:33:58 PM

DROxINxTHExWIND: jst3p: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job

Care to translate for those of us who don't speak jive?


Hard
As a
Mutherfarker


Wouldn't that be HAAM?
 
2014-01-14 03:36:24 PM

mr.Curmudgeon: JerseyTim:
Let's see what an unfetchable biased source has to say:  http://www.conservapedia.com/Income_inequality


See also: http://www.conservapedia.com/Mystery:Why_Do_Non-Conservatives_Exist%3F

You know, for the LULZ...


My God.....I don't even...I can't even laugh at it.
 
2014-01-14 03:38:42 PM
Serious Black:  First sentence in that article: Conservative principles are based on reason.

[www.quickmeme.com image 479x361]


I often enjoy reading Conservapedia, as a reminder of just how insane the Conservative movement has become. My favorite quote of late is on the "Dinosaur" page, and it's about disproving evolution:

"Archaeological, fossil, and documentary evidence supports the logical conclusion that dinosaurs co-existed with mankind until at least relatively recent times. [citation needed]"

The [citation needed] kills me! lol
 
2014-01-14 03:42:09 PM

mr.Curmudgeon: Serious Black:  First sentence in that article: Conservative principles are based on reason.

[www.quickmeme.com image 479x361]

I often enjoy reading Conservapedia, as a reminder of just how insane the Conservative movement has become. My favorite quote of late is on the "Dinosaur" page, and it's about disproving evolution:

"Archaeological, fossil, and documentary evidence supports the logical conclusion that dinosaurs co-existed with mankind until at least relatively recent times. [citation needed]"

The [citation needed] kills me! lol


well, on a cosmological time scale i suppose it's pretty close to each other.
 
2014-01-14 03:44:24 PM
Fun with DerpLibs!

_________ didn't exist until _______ came around.

1. Slavery didn't exist until Lincoln came around.
2. Strippers didn't exist until Howard Stern came around.
3. Big Macs didn't exist until Bill Clinton came around.
4. Cum stains didn't exist until Bill Clinton came around.
5. The internet didn't exist until Al Gore came around.
 
2014-01-14 03:46:08 PM

DROxINxTHExWIND: Ghastly: The uppitiness of neegros has increased exponentially with the duration of Obama's term as President. Study it out. Study it out.


I know I've been uppity as shiat since the inaugeration. Stared down a cop at a traffic light. Told an old white man to go fark himself in a Georgia Walmart parking lot for not yeilding to walkers. Drove around Montgomery County, MD without a seatbelt on.

/I been going HAM


Damn. I bet Granny is still Well-I-never-ing about that.

Which Atlanta suburb was it? Valdosta? Dalton?
 
2014-01-14 03:48:38 PM

mr.Curmudgeon: http://www.conservapedia.com/Mystery:Why_Do_Non-Conservatives_Exist%3 F


From your link:

What triggers reconsideration of liberal beliefs? Here are some estimates:
25%: raising or teaching children, and realizing how destructive liberal values are to many of them


That's as far as I got. If anything, I'm raising my kids more liberal than I am because the Right has turned into such giant pricks in the last 13 years... Yeah, they were douchebags before 2000, but for some reason, the Dubya era gave them some kind of free rein to become the biggest dicks possible, and now we have a Right Wing that makes the Reagan Era and the Anti-Clinton zealots look like a hippie love-in...
 
2014-01-14 03:49:37 PM

DROxINxTHExWIND: Ghastly: The uppitiness of neegros has increased exponentially with the duration of Obama's term as President. Study it out. Study it out.


I know I've been uppity as shiat since the inaugeration. Stared down a cop at a traffic light. Told an old white man to go fark himself in a Georgia Walmart parking lot for not yeilding to walkers. Drove around Montgomery County, MD without a seatbelt on.

/I been going HAM


Me too, but I'm white. I got a medal for each of those incidents.
 
2014-01-14 03:49:44 PM

God Is My Co-Pirate: Again I have to do this?

[i40.tinypic.com image 504x267]

[i42.tinypic.com image 665x440]
From this study: http://www.people.hbs.edu/mnorton/norton%20ariely%20in%20press.pdf
And this excellent video: http://www.youtube.com/watch?v=QPKKQnijnsM


Hey, stock wealth is not a true symbol of actual wealth. Stock certificates are ridiculously overvalued, as their price is based on what everyone thinks they're going to be worth at an arbitrary future date, not what they're actually worth.

Additional purchase of a finite number of betting slips by lower-income Americans will only serve to overvalue stocks even higher, taking real money from the circulating economy and sticking into that grand circle-jerk manipulated by the very wealthy for their own gains. Then, of course, they pay less taxes on these winning bets than the people that actually work for a living.

tl/dr, promotion of stock market "investment" as a symbol of wealth is in my opinion not a good idea, as it adds to the problem of reducing the circulating money and costs the economy big time.
 
2014-01-14 03:53:23 PM

ox45tallboy: Hey, stock wealth is not a true symbol of actual wealth. Stock certificates are ridiculously overvalued, as their price is based on what everyone thinks they're going to be worth at an arbitrary future date, not what they're actually worth.


the same applies to cash but stocks appreciate in value, cash generally depreciates.
//are there any objective risk free symbols of "actual" wealth?
 
2014-01-14 03:53:54 PM
img.fark.net
 
2014-01-14 03:54:27 PM

Pocket Ninja: In exactly the same way that global terrorism wasn't a problem until 9/11.


Or the mistreatment of minorities wasn't a problem until the civil rights movement.
 
2014-01-14 03:56:25 PM

DROxINxTHExWIND: jst3p: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job

Care to translate for those of us who don't speak jive?


Hard
As a
Mutherfarker


I had to use Urban Dictionary.

Soooooooooo very white.
"Hee-Haw" white.
Owning polka records white.
Pat Boone singing Little Richard white.
"As a matter of fact, I do own a banjo!" white.
 
2014-01-14 03:56:34 PM

Pants full of macaroni!!: grumpfuff: Diogenes: grumpfuff: The sad thing is, for a Conservapedia article, that one is rigorous and well-sourced.

For example, they like to use anti-evolution arguments that even other ID-believers have long abandoned.

/Conservapedia is one of my favorite humor sites

Their bit about how Einstein's Theory of Relativity is a liberal excuse for situational ethics is one of my favs.

I dunno, their list of conservative movies/music is pretty hilarious too. They call Metallica conservatives, because they have a song called Don't Tread on Me.

Hetfield is definitely right-wing.  He just chooses not to make a big deal about it.



I have no aversion to saying (band) or (musician) is conservative. But basing that judgement on a song title is fking stupid.
 
2014-01-14 03:59:06 PM

mr.Curmudgeon: JerseyTim:
Let's see what an unfetchable biased source has to say:  http://www.conservapedia.com/Income_inequality


See also: http://www.conservapedia.com/Mystery:Why_Do_Non-Conservatives_Exist%3F

You know, for the LULZ...


The best part of any article is the talk page. Watching Andy flail around is just too amazing.
 
2014-01-14 04:01:44 PM

Obama's Reptiloid Master: Pocket Ninja: In exactly the same way that global terrorism wasn't a problem until 9/11.

Or the mistreatment of minorities wasn't a problem until the civil rights movement.


Or Native Americans didn't have a problem with sports teams using their tribal names, bigoted slurs about them or insulting caricatures of them as team names and mascots until white guilt liberals started complaining about it.

I'm starting to see a pattern.
 
2014-01-14 04:04:19 PM
Just watched Inequality for All a few nights ago. Nice to see people using historical and factual information to teach the younger generations.

http://inequalityforall.com
 
2014-01-14 04:04:47 PM
Two words.... Capital Gains... get rid of it and a sizable portion of our deficit will go away and it will slow down how fast the rich are getting richer.
 
2014-01-14 04:13:53 PM
It still wouldn't be a problem if people would just stop talking about it! I mean, doesn't anyone remember the rule about taking about money? It's crass. I would never dream of mentioning my net worth, even if my lawyer said it was okay. Besides, everything would be just fine if we could eliminate income tax. Some sort of a federal sales tax could take its place. That would encourage savings, too. I know that we would spend less; certainly we'd spend less here if there were higher sales taxes. Luckily, we spend a lot of the year at our other homes. You just can't trust the staff to keep things running smoothly if you don't pop in at least a month out of the year.

Anyway, as I was saying, it's crude to talk about money. Things were so much more pleasant before people were talking about income!
 
2014-01-14 04:16:34 PM

monoski: the same applies to cash but stocks appreciate in value, cash generally depreciates.
//are there any objective risk free symbols of "actual" wealth?


Good question. I would say income first and foremost, followed by home ownership and other "quality of life" indicators such as Internet access, education, debt (or lack thereof), and other actual assets.

That's not to say that stock ownership is currently not an indicator of wealth; I agree that it is, but I'm saying that it should not be. Stocks do "generally" appreciate in value, but take a look at any "hiccup" or "adjustment" and you can see who ALWAYS comes out on top.

My problem with stocks is that their ownership takes money out of the circulating economy. The higher stock prices go, the less money people have to spend, because the money made off stocks overwhelmingly is just plied right back into the stock market instead of being spent. The money to pay the winning bets has to come from somewhere, and it invariably comes from the circulating economy. This is not the case with investment in small businesses, where the value of the business is generally not much more than the sum of the assets it controls.
 
2014-01-14 04:17:57 PM

JerseyTim: JerseyTim: Diogenes: Income inequality in the United States has grown significantly since the early 1970s,[1][2][3][4][5] after several decades of stability,[6][7] and has been the subject of study of many scholars and institutions. While inequality has risen among most developed countries, and especially English-speaking ones, it is highest in the United States.[8][9][10] Income inequality (as measured by the Gini coefficient) is not uniform among the states: after-tax income inequality in 2009 was greatest in Texas and lowest in Maine.[11]

From those lying libs at Wikipedia.

Not so fast. Let's see what an unbiased source has to say.

Let's see what an unfetchable biased source has to say:  http://www.conservapedia.com/Income_inequality


Strangely enough that "article" (read: sentence) isn't entirely inaccurate... even since 2009 Congress hasn't exactly been bending over backwards to help the little guy.

Of course, the sentence doesn't specifically blame Obama, which is why I don't trust it

/Vote Potato/Palin 2016
 
2014-01-14 04:20:22 PM

nyseattitude: Just watched Inequality for All a few nights ago. Nice to see people using historical and factual information to teach the younger generations.

http://inequalityforall.com


I saw that when it first premiered in Lawrence. Didn't really have much information that I didn't already know; the two things I learned from that movie were how to pronounce Robert Reich's name correctly and that he's incredibly short. It was still pretty well put together, and somebody who hadn't dug into the information he presented in the movie would learn a ton.
 
2014-01-14 04:20:36 PM
This is what Republicans actually believe.

/American Stinker => NGTRTFA
 
2014-01-14 04:21:01 PM

Dr Dreidel: DROxINxTHExWIND: Drove around Montgomery County, MD without a seatbelt on.

You MANIAC!

Do you know how many lily-white soccer kids, safely bubble-wrapped in mom's crossover as she ferries little Cayden, Jayden, Aiden, Maiden, and Lleyton from ballet class in Cabin John to rock-climbing class in Gaithersburg before grabbing a glass of Pinot with the gals in the Town Center you put in danger?

Mama might have had to actually use a turn signal!


I work in Town Center, and those biatches will run you over in a heartbeat. The neon-yellow pedestrian crosswalks on N Washington and Beall Ave might as well be invisible.
 
2014-01-14 04:22:27 PM

give me doughnuts: DROxINxTHExWIND: jst3p: ongbok: DROxINxTHExWIND: /I been going HAM

Never thought that I would see that phrase used on Fark, and you used it in the perfect context. Good job

Care to translate for those of us who don't speak jive?


Hard
As a
Mutherfarker

I had to use Urban Dictionary.

Soooooooooo very white.
"Hee-Haw" white.
Owning polka records white.
Pat Boone singing Little Richard white.
"As a matter of fact, I do own a banjo!" white.



LOL! You all are interesting to me. I remember going home after my day on a corporate job and telling my man Black, "These are REAL white people. The kind you see on 'Friends'". I would study them. Their humor. Their likes and dislikes. Their passions. I think its hilarious when something bad happens and a white guy gives up the sarcastic, "Great job" or "This is super". LOL! I don;t know why.


/I'd like to have intercourse with one of your women.
//for science
 
2014-01-14 04:24:13 PM

mr.Curmudgeon: Serious Black:  First sentence in that article: Conservative principles are based on reason.

[www.quickmeme.com image 479x361]

I often enjoy reading Conservapedia, as a reminder of just how insane the Conservative movement has become. My favorite quote of late is on the "Dinosaur" page, and it's about disproving evolution:

"Archaeological, fossil, and documentary evidence supports the logical conclusion that dinosaurs co-existed with mankind until at least relatively recent times. [citation needed]"

The [citation needed] kills me! lol



What "documentary evidence" might look like:

cdn8.staztic.com
 
2014-01-14 04:24:27 PM
Liberal logic would be funny to watch if it wasn't so sad and damaging.

Year in and year out they assure me that there is no inflation and that deficit spending is a great thing that we need more of.

Then later the same day they lament the fact that their wages have fallen in real terms and that the government spending didn't trickle down any more than the corporate spending did.
 
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