Rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns

[Dot Com]

Looks like OP hit a nerve w/ the FED Chairman's announcement.

Sent from my BN NookHD+ using Tapatalk

 

[healthmyths]

So what's your plan on how to deport 20 million illegal infiltrators......

Who cares about "income inequality" anyway..that's a red herring...there will ALWAYS be "income inequality". There will always be wealthy people and there will always be poor people...that's how the real world works.

The pres should order the sec of state to the white house with the ambassadors of the main countries that have sent illegals here.

Tell them we are going to start sending your people back and we are going to seize any assets your nation has here to pay for it....or deduct it from any future payments to those countries. ....and then do it.
...but first we need to close and enforce the border.

Boy are you on TARGET!!!
The stupidity of this administration allowing
The government of Mexico is paying to help its citizens who are living illegally in the United States avoid deportation.
Mexican Gov t Paying to Help Shield Illegal Immigrants in the U.S. from Deportation
And all the while the USA PAYS Mexico..According to ForeignAssistance.gov, Mexico received $265 million in foreign aid in 2013.
GOP No foreign aid to Mexico Central America until border crisis resolved TheBlaze.com
Think about it!!
Mexico paying illegals in the USA from the $265 million given to Mexico by the USA!

How utterly STUPID!!!

 

[Manonthestreet]

His own.....

 

[healthmyths]

The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns

US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.

Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.

In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.

She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.

“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”

Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.

The Income Inequality argument is a tiresome non starter. Economic policies rooted in class envy have yet to yield a prosperous economy. The Income Inequality argument is a gateway to truly 1 percent wealthy where the Rich get richer and there is no upward mobility and the Middle Class is non existent. We see this in Cuba, North Korea, Venezuela, Mexico, UK and France.

There is a reason US is the top destination for immigrants: Opportunity. When policies are structured on a rising tide raising all ships platform, it is insignificant that the Rich get richer. When and where do the wealthy not get richer? Why does it matter? Lock in a true 1 percent and you are guaranteed to have the rich getting richer while the masses are pacified under the allusion of "fairness".

SO TRUE!!!
"Roughly 150 million of them say they would like to move to the U.S. -- giving it the undisputed title as the world's most desired destination for potential migrants since Gallup started tracking these patterns in 2007."
FACT... not supposition. 150 Million Adults Worldwide Would Migrate to the U.S.
WHY? Because "exceptional people from these countries" KNOW the USA truly is the land of opportunity.

this is what MAKES the USA "exceptional"... a term that just grates on the intellectually phony elitists! "jingoism" is what they equate "Exceptionalism" and that opportunity to excel is what the elitists want to destroy!

I equate the "hate the wealthy" crowd to animals that see a piece of meat and tear and rip at the piece of meat...rather then finding their own!
These "hate the wealthy" crowd think the pie is finite in size...
Maybe they should have a history lesson in the USA GDP!

• GDP in 2005 dollars Population GDP per capita in 2005 dollars.
• 1800 $ 12,987 5,297,000 $ 1,396
• 1900 $ 422,843 76,094,000 $ 5,556
• 2009 12,987,400 307,483,000 $ 42,247

Measuring Worth - GDP result.

 

[Avorysuds]

But RW keeps telling us the economy is great, that 25 trillion has been added to the pockets of every man woman and child.... Not mainly going to the rich like we keep telling him... Not free money dumped on the rich by the FED-R. Wait, the FED-R is playing the biggest role in income inequality????? Then wtf is the bitch bitching about?.Is she saying she has done a bad job or is she bragging about her work?

 

[Avorysuds]

Looks like OP hit a nerve w/ the FED Chairman's announcement.

Sent from my BN NookHD+ using Tapatalk

Do you feel the FED-R's non stop stimulus for the rich has helped or hurt income equality? Next question, can you answer any questions honestly?

 

[Dot Com]

Looks like OP hit a nerve w/ the FED Chairman's announcement.

Sent from my BN NookHD+ using Tapatalk

Do you feel the FED-R's non stop stimulus for the rich has helped or hurt income equality? Next question, can you answer any questions honestly?

because derpessions are better than recessions in lolibertarians eye's right?

 

[kaz]

The irony is palpable.....and extremely thick since O has presided over the rich becoming the richest ever. Basically, O has been giving the rich 80 billion a month now for 6 years.

Liberalism: Solutions that are ill conceived, poorly implemented and not thought through. And when they inevitably don't work, liberals want to double down. And double down again...

 

[kaz]

Looks like OP hit a nerve w/ the FED Chairman's announcement.

Sent from my BN NookHD+ using Tapatalk

Do you feel the FED-R's non stop stimulus for the rich has helped or hurt income equality? Next question, can you answer any questions honestly?

because derpessions are better than recessions in lolibertarians eye's right?

Yes, I hear you. Capitalism always fails and Marxism leads to nothing but economic prosperity and ease of life for all. Clearly that is the track record of Marxist countries.

 

[Dont Taz Me Bro]

And if the enviro Nazi wet dream happens the rich will be so rich they will be able to get rid of pretty much anyone who they don't find useful. What a great idea! And quick, make sure the peasants are disarmed first so that job is easier!

You idiots are all alike. You love government, hate personal initiative and responsibility and are shocked, shocked I tell you when that same government you so loved marches you off to the camps. What absolute morons you all are.

Greed is a powerful emotion. The promise of other people's money is a strong temptation

 

[Dont Taz Me Bro]

Looks like OP hit a nerve w/ the FED Chairman's announcement.

Sent from my BN NookHD+ using Tapatalk

Do you feel the FED-R's non stop stimulus for the rich has helped or hurt income equality? Next question, can you answer any questions honestly?

because derpessions are better than recessions in lolibertarians eye's right?

Avorysuds Apparently, the answer is no. He can't answer any question honestly.

 

[Dont Taz Me Bro]

The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns

You voted for this twice. Why are you complaining?

 

[Dot Com]

So the rw & libertarian shade tree, economists in this thread are saying that the Fed Chairman is incorrect? You people are funny

 

[Oldstyle]

The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns

US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.

Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.

In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.

She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.

“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”

Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.

Wow, the Fed gives us six straight years of heavy quantitative easing which let the wealthy ride a stock market bubble while the rest of America saw the dollars in their pockets become worth less and the the Chairman of the Fed wants to talk about wealth inequality being a "problem"? This is a joke...right?

 

[kaz]

So the rw & libertarian shade tree, economists in this thread are saying that the Fed Chairman is incorrect? You people are funny

How is he measuring the gap?

 

[Dont Taz Me Bro]

So the rw & libertarian shade tree, economists in this thread are saying that the Fed Chairman is incorrect?

Did we? I'm pretty sure what's been said is that the Fed helped create it with their loose money policies for the one percent.

 

[Kosh]

The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns

US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.

Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.

In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.

She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.

“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”

Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.

You can thank your far left masters and Obama for this one..

 

[The Rabbi]

Democrats have been the majority in Congress since 2006 held the Presidency since 2008 and yet the income gap of 2014 is the fault of Republicans. This claim would be funny if it wasn't so pathetic.

Quoted for truth.

How is it the predictable bad results of Democratic policy get blamed on Republicans?

 

[The Rabbi]

Wealth in a few is power in a few, power facilitates accumulating more wealth, which accumulates more power.

etc.

So why do you support Democrats, whose policies have made that worse? Do you want to be enslaved?

 

[NYcarbineer]

Wealth in a few is power in a few, power facilitates accumulating more wealth, which accumulates more power.

etc.

So why do you support Democrats, whose policies have made that worse? Do you want to be enslaved?

If you believe that's true why don't YOU support them? Afterall, that would make them allies in your defense of the Rich...