Big Lie: The Rich Get Richer, The Poor Get Poorer

[hortysir]

what the Obama Administration is really saying:

President Obama promoted his "Buffett Rule" again today, saying millionaires and billionaires should pay their "fair share" to help reduce the federal debt and pay for necessary government investments like education ...


but for the Wingnuts it is class warfare (in their minds) - anything but the truth.

Problem is, any monies collected will NEVER go towards debt reduction.
It will, merely, be more money to spend.

Problem is, any monies collected will NEVER go towards debt reduction.
It will, merely, be more money to spend

well as it turned out - the Democrats placed HealthCare as their top priority and called the Republicans for their bluff and to bad the Republican Propaganda lost the battle.

And how much was SPENT and how much further in DEBT did it put us.


There's a reason why they're called "Tax & Spend Democrats"

 

[BreezeWood]

Problem is, any monies collected will NEVER go towards debt reduction.
It will, merely, be more money to spend.

Problem is, any monies collected will NEVER go towards debt reduction.
It will, merely, be more money to spend

well as it turned out - the Democrats placed HealthCare as their top priority and called the Republicans for their bluff and to bad the Republican Propaganda lost the battle.

And how much was SPENT and how much further in DEBT did it put us.


There's a reason why they're called "Tax & Spend Democrats"

not nearly as the Republican unfunded - off budget Iraqi war and spent within our Own Boarder for at least a Worthy Cause.

 

[hortysir]

well as it turned out - the Democrats placed HealthCare as their top priority and called the Republicans for their bluff and to bad the Republican Propaganda lost the battle.

And how much was SPENT and how much further in DEBT did it put us.


There's a reason why they're called "Tax & Spend Democrats"

not nearly as the Republican unfunded - off budget Iraqi war and spent within our Own Boarder for at least a Worthy Cause.

See? Now you're just full of shit.

Unfunded? Like from appropriation bills, voted on and approved by BOTH parties? Some of which your heroic Dembulbs used to hold our Troops hostage unless Repugs voted for their pet entitlement amendments??


And WTF does this elude to?
***spent within our Own Boarder for at least a Worthy Cause***

 

[Plasmaball]

It is a myth. The poor dont get poorer. If you have nothing you cant have less than nothing.

well thats true if you ignore the fact that when you are poor and things go up in cost due to money inflation, weather, etc you tend to become more poor. As where if you are rich, it really doesn't affect you at all.

A gallon of milk affects a poor person a lot more than a rich person.

I never understood this need to defend rich people. You are not going to get anything from them. Let it go, they don't care about you.

waits for stupid response.

 

[g5000]

As Tom points out, "It was either Adolf Hitler or his propaganda minister, Joseph Goebbels, who said that the people will believe any lie, if it is big enough and told often enough, loud enough. Although the Nazis were defeated in World War II, this part of their philosophy survives triumphantly to this day among politicians, and nowhere more so than during election years." And Tom is out to prove his mentor Adolf Right in this article.

Now the best way to lie is to tell just enough truth and then shut up, in this case cherry picking the 2 years 2008 and 2009, the two years that revolve around the bursting of the Bush housing bubble and the Bush stock market crash. Since the wealthy get most of their income from capital gains you would expect them to lose more in that very short and select time period. Now the stock market has gained back nearly all its losses, so if you included the data up to 2012 you would see the wealthy are doing quite well while the lower classes who have most of their in their wealth in their house only have not done quite so well.

So it is completely dishonest to use only the 2 years 2008 and 2009, but Tom couldn't be Tom if he was honest, and besides he knows his fellow travelers are gullible enough to swallow this tripe.

This bears repeating among all the noise.

 

[buckeye45_73]

You CANT handle the truth!
FactCheck.org : Obama’s Economic Sleight of Hand

 

[ccravens]

As Tom points out, "It was either Adolf Hitler or his propaganda minister, Joseph Goebbels, who said that the people will believe any lie, if it is big enough and told often enough, loud enough. Although the Nazis were defeated in World War II, this part of their philosophy survives triumphantly to this day among politicians, and nowhere more so than during election years." And Tom is out to prove his mentor Adolf Right in this article.

Now the best way to lie is to tell just enough truth and then shut up, in this case cherry picking the 2 years 2008 and 2009, the two years that revolve around the bursting of the Bush housing bubble and the Bush stock market crash. Since the wealthy get most of their income from capital gains you would expect them to lose more in that very short and select time period. Now the stock market has gained back nearly all its losses, so if you included the data up to 2012 you would see the wealthy are doing quite well while the lower classes who have most of their in their wealth in their house only have not done quite so well.

So it is completely dishonest to use only the 2 years 2008 and 2009, but Tom couldn't be Tom if he was honest, and besides he knows his fellow travelers are gullible enough to swallow this tripe.

This bears repeating among all the noise.

Actually, you've just quoted the noise. And you were gullible enought to swallow the tripe.


Accuse TS of "cherry-picking" and then claim to want to use the recession years as your "proof?"

Pot, meet kettle.

 

[edthecynic]

You CANT handle the truth!
FactCheck.org : Obama’s Economic Sleight of Hand

That BS was debunked in the other thread.

From your link:
So, the president is correct about the number of jobs created in the last 27 months.

snip/

According to OIRA estimates (Figure 2-1), the benefits of Obama’s regulations far outweigh the costs, and the net benefits far surpass the net benefits from Bush’s regulations.

 

[edthecynic]

As Tom points out, "It was either Adolf Hitler or his propaganda minister, Joseph Goebbels, who said that the people will believe any lie, if it is big enough and told often enough, loud enough. Although the Nazis were defeated in World War II, this part of their philosophy survives triumphantly to this day among politicians, and nowhere more so than during election years." And Tom is out to prove his mentor Adolf Right in this article.

Now the best way to lie is to tell just enough truth and then shut up, in this case cherry picking the 2 years 2008 and 2009, the two years that revolve around the bursting of the Bush housing bubble and the Bush stock market crash. Since the wealthy get most of their income from capital gains you would expect them to lose more in that very short and select time period. Now the stock market has gained back nearly all its losses, so if you included the data up to 2012 you would see the wealthy are doing quite well while the lower classes who have most of their in their wealth in their house only have not done quite so well.

So it is completely dishonest to use only the 2 years 2008 and 2009, but Tom couldn't be Tom if he was honest, and besides he knows his fellow travelers are gullible enough to swallow this tripe.

This bears repeating among all the noise.

Actually, you've just quoted the noise. And you were gullible enought to swallow the tripe.


Accuse TS of "cherry-picking" and then claim to want to use the recession years as your "proof?"

Pot, meet kettle.

It was Tom who used the recession years, I extended them to 2012. You can start farther back than 2008 and go to the present and get the same results. Only the 2 years 2008 and 2009 support Tom's bullshit.

 

[bripat9643]

Some of us can actually read and digest current/historical economic and financial data - such as words, charts, graphs, etc...

What you can't do is disintguish bullshit and propaganda from truth.

 

[buckeye45_73]

You CANT handle the truth!
FactCheck.org : Obama’s Economic Sleight of Hand

That BS was debunked in the other thread.

From your link:
So, the president is correct about the number of jobs created in the last 27 months.

snip/

According to OIRA estimates (Figure 2-1), the benefits of Obama’s regulations far outweigh the costs, and the net benefits far surpass the net benefits from Bush’s regulations.

Wait it was debunked, oh please please link that thread...please do...I wanna see this thread.
And I posted a nonpartisian group, I know you dont like those, but it shows, Obama is technically correct, but he lies about Bush as usual. I can cherry pick my facts too...but I dont, because I have truth and like to rub it in on people like you, partisan hacks that cant ever deviate from the ideology, not even on nonpolitical issues.

 

[Moonglow]

do you have anything available from this decade?

 

[Chris]

 

[Chris]

 

[Chris]

 

[Toro]

I got this story from Thomas Sowell's latest column, and am including a link to the CBO study he cites.

Perhaps the biggest lie of this election year, and the one likely to be repeated the most often, is that the income of “the rich” is going up, while other people’s incomes are going down. If you listen to Barack Obama, you are bound to hear this lie repeatedly.

But the government’s own Congressional Budget Office has just published a report whose statistics flatly contradict this claim. The CBO report shows that, while the average household income fell 12 percent between 2007 and 2009, the average for the lower four-fifths fell by 5 percent or less, while the average income for households in the top fifth fell 18 percent. For households in the “top one percent” that seems to fascinate so many people, income fell by 36 percent in those same years.

Why are these data so different from other data that are widely cited, showing the top brackets improving their positions more so than anyone else?

The answer is that the data cited by the Congressional Budget Office are based on Internal Revenue Service statistics for specific individuals and specific households over time. The IRS can follow individuals and households because it can identify the same people over time from their Social Security numbers.

Most other data, including census data, are based on compiling statistics in a succession of time periods, without the ability to tell if the actual people in each income bracket are the same from one time period to the next. The turnover of people is substantial in all brackets — and is huge in the top one percent. Most people in that bracket are there for only one year in a decade.

Thomas Sowell: Big lies in politics - Conservative News

CBO | The Distribution of Household Income and Federal Taxes, 2008 and 2009

Why do I think he's right, and we won't be hearing Obama present these facts?

This data is somewhat disingenuous and misleading if it's being used to support an argument that the rich aren't getting richer and the poor aren't getting poorer because it is data mining. It references the year before the peak of asset prices - 2007 - and the year of the trough in asset prices - 2009. Since the wealthiest own the most of the assets, they will have seen the biggest declines in wealth and income during the Financial Crisis.

It's better to look at longer time periods, since that mitigates the problem of data mining. Over longer periods of time of at least 20 years, all income quintiles - from the poor to the rich - have risen. However, it has risen fastest for the wealthiest and slowest for the poorest. Since 2000, incomes have been stagnant for all but the wealthiest. If you parse further, since 1970, real incomes have declined for white, uneducated males.

 

[Chris]

In the last 30 years 80% of the increase in after tax income has gone to the top 10%.

The class war is over.

The rich won.

 

[g5000]

As Tom points out, "It was either Adolf Hitler or his propaganda minister, Joseph Goebbels, who said that the people will believe any lie, if it is big enough and told often enough, loud enough. Although the Nazis were defeated in World War II, this part of their philosophy survives triumphantly to this day among politicians, and nowhere more so than during election years." And Tom is out to prove his mentor Adolf Right in this article.

Now the best way to lie is to tell just enough truth and then shut up, in this case cherry picking the 2 years 2008 and 2009, the two years that revolve around the bursting of the Bush housing bubble and the Bush stock market crash. Since the wealthy get most of their income from capital gains you would expect them to lose more in that very short and select time period. Now the stock market has gained back nearly all its losses, so if you included the data up to 2012 you would see the wealthy are doing quite well while the lower classes who have most of their in their wealth in their house only have not done quite so well.

So it is completely dishonest to use only the 2 years 2008 and 2009, but Tom couldn't be Tom if he was honest, and besides he knows his fellow travelers are gullible enough to swallow this tripe.

This bears repeating among all the noise.

Actually, you've just quoted the noise. And you were gullible enought to swallow the tripe.


Accuse TS of "cherry-picking" and then claim to want to use the recession years as your "proof?"

Pot, meet kettle.

You might want to re-read the post.

 

[Sinjorri]

i will say this i and many poor folk like me, would rather be poor here in the US than any other palce in the world.

 

[hortysir]

Some of us can actually read and digest current/historical economic and financial data - such as words, charts, graphs, etc...

Go find any one of Chris' threads.

He's got (unsourced) charts up the kazoo

In the last 30 years 80% of the increase in after tax income has gone to the top 10%.

The class war is over.

The rich won.

I should consider re-opening the Psychic Friends Network