Under Obama the rich got richer with the Quantitative easing, now under Biden, the rich got richer again. When are you lefties going to learn.

[Mikeoxenormous]

How Quantitative Easing Contributed to the Nation's Inequality Problem

The Fed’s policies that drove down interest rates to historically low levels have actually exacerbated the inequality problem that Janet L. Yellen said concerned her, writes William D. Cohan in Street Scene.

archive.nytimes.com

Yeah, the rich were able to take loans out a zero percent, invest in their own company making three percent return and then pay off the loan, make millions of dollars. The little guy with the bank account got nothing.

https://finance.yahoo.com/news/income-inequality-declining-under-trump-161142500.html

Workers’ wages are growing faster than their bosses', narrowing the income gap, as a result of President Trump’s policies, according to Labor Secretary Eugene Scalia.

“At the end of the Obama administration, what we saw is wage growth for the high wage earners [and] slow wage growth for the low wage earners," Scalia told FOX Business’ Maria Bartiromo in an exclusive interview at the World Economic Forum in Davos, Switzerland. "We’ve flipped that in this economy,”

So then when President Trump got the fair tax breaks, more middle class people got to keep more of their money, while the rich got less back in taxes, the economy took off, and was going to emulate the roaring 20s but in 2020. Then the Kung Flu, which was released by China and Fauxci, really screwed over everyone that year, so the 2020 election was stolen by the senile old guy who couldnt debate.

MSN

During the homestretch of the tight presidential race, the campaigns of Democratic nominee Kamala Harris and Republican rival Donald Trump are likely to offer up hyperbole about each candidate’s track record on economic issues. So what does the market itself say?

The S&P 500 as of Thursday’s close, has gained 50% since President Joe Biden and Harris, his vice president, were inaugurated on Jan. 20, 2021.

So once again, the rich who can trade stocks every day and make profit are raking in the millions while the little man barely makes ends meet, week to week. You lefties will never learn, who the real enemy of you are. Even when shown proof, you just shove that cranium of yours farther up Uranus.

 

[Blaster]

Wealthy people are smarter than the government.

 

[pknopp]

Huh, I've been noting this for years.

 

[MarathonMike]

Obama bin Lyin did nothing but vilify "The Rich" and White privilege while in office. But when he retired, him and Mooch made a beeline to ultra Rich, ultra White Martha's Vineyard.

 

[progressive hunter]

Wealthy people are smarter than the government.

not smarter but in control of most of it,,

 

[Rambunctious]

Obama said the Trump economy was so great because it was his economy.....

 

[Mikeoxenormous]

Obama said the Trump economy was so great because it was his economy.....

And dont forget this...

Obama's Unemployment 'New Normal' Foretells A 'Lost Decade'

This is not a huge accomplishment, given that “Obama’s new normal” comprises slow GDP growth, a stagnant jobs market, and falling real household incomes.

 

[Harry Dresden]

How Quantitative Easing Contributed to the Nation's Inequality Problem

The Fed’s policies that drove down interest rates to historically low levels have actually exacerbated the inequality problem that Janet L. Yellen said concerned her, writes William D. Cohan in Street Scene.

archive.nytimes.com

Yeah, the rich were able to take loans out a zero percent, invest in their own company making three percent return and then pay off the loan, make millions of dollars. The little guy with the bank account got nothing.

https://finance.yahoo.com/news/income-inequality-declining-under-trump-161142500.html

So then when President Trump got the fair tax breaks, more middle class people got to keep more of their money, while the rich got less back in taxes, the economy took off, and was going to emulate the roaring 20s but in 2020. Then the Kung Flu, which was released by China and Fauxci, really screwed over everyone that year, so the 2020 election was stolen by the senile old guy who couldnt debate.

MSN So once again, the rich who can trade stocks every day and make profit are raking in the millions while the little man barely makes ends meet, week to week. You lefties will never learn, who the real enemy of you are. Even when shown proof, you just shove that cranium of yours farther up Uranus.

how many times have we heard that the rich will pay their fair share if elected?..we are hearing it again during this election....

 

[abu afak]

Billionaires Are $2.2 Trillion Richer Since 2017 Trump-GOP Tax Law​

September 28, 2023

Richest 748 Americans’ Wealth Up 77% Since Cuts Passed, Tops $5 Trillion; Debt Caused by Trump Tax Cuts Now Used By GOP As Excuse to Cut Services

The collective fortune of America’s 748 billionaires topped $5 trillion in September 2023, a near record high, and up an astounding $2.2 trillion (77%) since enactment of the Trump-GOP tax law—a Reckless handout so heavily Slanted towards the Rich that it undoubtedly contributed to billionaires’ eye-popping wealth growth over the past nearly six years.

Parts of the Trump-GOP tax law have already expired, or are scheduled to expire at the end of 2025, but Republicans want to make the whole package permanent at an estimated cost of $3.8 trillion—billions of which will undoubtedly flow into billionaires’ already bursting bank accounts.

[......]

Worse than the Republicans’ desire to give their political donors huge tax cuts is that they want hard-working Americans to pay for them through reduced public services. The spending plan House Republicans put forth as the price of averting a government shutdown would:

• Slash funding by 80% for schools serving low-income students, which would impact 26 million students and eliminate up to 226,000 educator jobs;
• Kick 82,000 kids out of preschool;
• Raise housing costs by eliminating Housing Choice Vouchers for 20,000 families, including approximately 6,000 seniors citizens; and cut the HOME Investment Partnerships Program, meaning 20,000 fewer affordable homes would be built;
• Undermine critical health research and increases the likelihood of future pandemics by cutting $3.8 billion from the National Institutes of Health;
• Increase the risks of lead exposure for 78,000 children by rescinding over $564 million in funding for lead-paint removal;
• Increase energy costs for rural Americans by slashing $2 billion of funding for agricultural producers and rural small businesses that convert to renewable energy systems.

At a time when child poverty has more than doubled due to Republicans refusal to renew expanded child tax credits, the tax and spending priorities of Republicans should be reversed. Billionaires’ collective wealth growth of $2.2 trillion would be more than enough to pay for a 10-year expansion of the CTC to $3,600 per-child.

Billionaires Are $2.2 Trillion Richer Since 2017 Trump-GOP Tax Law - Americans For Tax Fairness

Richest 748 Americans’ Wealth Up 77% Since Cuts Passed, Tops $5 Trillion; Debt Caused by Trump Tax Cuts Now Used By GOP As Excuse to Cut Services The collective fortune of America’s 748 billionaires topped $5 trillion in September 2023, a near record high, and up an astounding $2.2 trillion...

americansfortaxfairness.org

`

 

[pknopp]

Billionaires Are $2.2 Trillion Richer Since 2017 Trump-GOP Tax Law​

September 28, 2023

Richest 748 Americans’ Wealth Up 77% Since Cuts Passed, Tops $5 Trillion; Debt Caused by Trump Tax Cuts Now Used By GOP As Excuse to Cut Services

The collective fortune of America’s 748 billionaires topped $5 trillion in September 2023, a near record high, and up an astounding $2.2 trillion (77%) since enactment of the Trump-GOP tax law—a reckless handout so heavily Slanted towards the rich that it undoubtedly contributed to billionaires’ eye-popping wealth growth over the past nearly six years.

Parts of the Trump-GOP tax law have already expired, or are scheduled to expire at the end of 2025, but Republicans want to make the whole package permanent at an estimated cost of $3.8 trillion—billions of which will undoubtedly flow into billionaires’ already bursting bank accounts.

Trump doesn't pretend to not support the rich.

 

[Mikeoxenormous]

Obama bin Lyin did nothing but vilify "The Rich" and White privilege while in office. But when he retired, him and Mooch made a beeline to ultra Rich, ultra White Martha's Vineyard.

Dont get me wrong, i have no problem with "Rich" people, because i for one have learned all about investing and not spending on stupid stuff, that i dont need. But i cant stand are the Marxists like Bernie Sanders who hated on Billionaires and Millionaires, until he became a millionaire, now all he bitches about are the Billionaires, now that he has his first million. The brown turd Obammy was all talk about redistributing the wealth, but he took his millions like you said and is now owning three very large mansions. They are such lying pieces of shit.

 

[Moonglow]

How Quantitative Easing Contributed to the Nation's Inequality Problem

The Fed’s policies that drove down interest rates to historically low levels have actually exacerbated the inequality problem that Janet L. Yellen said concerned her, writes William D. Cohan in Street Scene.

archive.nytimes.com

Yeah, the rich were able to take loans out a zero percent, invest in their own company making three percent return and then pay off the loan, make millions of dollars. The little guy with the bank account got nothing.

https://finance.yahoo.com/news/income-inequality-declining-under-trump-161142500.html

So then when President Trump got the fair tax breaks, more middle class people got to keep more of their money, while the rich got less back in taxes, the economy took off, and was going to emulate the roaring 20s but in 2020. Then the Kung Flu, which was released by China and Fauxci, really screwed over everyone that year, so the 2020 election was stolen by the senile old guy who couldnt debate.

MSN So once again, the rich who can trade stocks every day and make profit are raking in the millions while the little man barely makes ends meet, week to week. You lefties will never learn, who the real enemy of you are. Even when shown proof, you just shove that cranium of yours farther up Uranus.

Yes, pandemic relief programs helped reduce poverty in 2020 and 2021:

• 2020
  The overall poverty rate declined to a record low due to pandemic relief programs.
• 2021
  Children's poverty also declined to a record low due to pandemic relief programs.
• 
  

• Government's Pandemic Response Turned a Would-Be ...​

  
  Center on Budget and Policy Priorities
  https://www.cbpp.org › research › poverty-and-inequality
  
  
  
  
  Aug 29, 2023 — Bolstered by pandemic relief legislation, economic security programs cut child poverty by 60 percent in 2020 and 76 percent in 2021, both all- ...

 

[abu afak]

AND WHAT DOES THIS THREAD HAVE TO DO WITH 'ENVIRONMENT'?

NOTHING.

THANKS FOR YOUR ATTENTION,
THE ONLY PERSON WHO (EVEN NOTICES) OR TRIES THE ENFORCE THE RULES HERE.

``

 

[Moonglow]

Right now we have quantitative reduction

 

[DGS49]

Fretting about "inequality" is an indicator of so many different shortcomings. First of all, it reveals the trait of envy...people being disturbed by other people gaining wealth. By contrast, if you feel vicarious pain when others are harmed, it can be a good thing; you might actually be empathetic. But its opposite, being pained by other people's good fortune (or their successful efforts at gaining wealth) is not a positive trait. It is a failing.

Second, fretting about "inequality" reflects ignorance about basic economics. Just because someone else accumulates wealth does not mean that other people must suffer. Who suffers from Bill Gates peddling software that facilitates better business productivity? People buy it because they believe it helps them, and they are happy to pay the price. Who is harmed when Facebook stock price rises? The economy is constantly expanding. Wealth is being created all the time, so that when one person prospers (legally), nobody else has to pay a price for it.

The bottom part of "inequality" is endemic poverty, and most people agree that society (or Government, if you are a Democrat) should take steps to fight endemic poverty when it can. But the fight against endemic poverty is not controversial - everybody agrees that it is a good cause - so Lefties can't be satisfied with that. They have to attack "the Rich" so they have some visible foe that they can deem "the Oppressor," thus fitting them into their Oppressor/Oppressed paradigm.

People who fret about "inequality" are the same people who will vote for Kamala because they think she can/will protect the non-existent right to get an abortion: they are just stupid people.

 

[pknopp]

Fretting about "inequality" is an indicator of so many different shortcomings. First of all, it reveals the trait of envy...people being disturbed by other people gaining wealth. By contrast, if you feel vicarious pain when others are harmed, it can be a good thing; you might actually be empathetic. But its opposite, being pained by other people's good fortune (or their successful efforts at gaining wealth) is not a positive trait. It is a failing.

Second, fretting about "inequality" reflects ignorance about basic economics. Just because someone else accumulates wealth does not mean that other people must suffer. Who suffers from Bill Gates peddling software that facilitates better business productivity? People buy it because they believe it helps them, and they are happy to pay the price. Who is harmed when Facebook stock price rises? The economy is constantly expanding. Wealth is being created all the time, so that when one person prospers (legally), nobody else has to pay a price for it.

The bottom part of "inequality" is endemic poverty, and most people agree that society (or Government, if you are a Democrat) should take steps to fight endemic poverty when it can. But the fight against endemic poverty is not controversial - everybody agrees that it is a good cause - so Lefties can't be satisfied with that. They have to attack "the Rich" so they have some visible foe that they can deem "the Oppressor," thus fitting them into their Oppressor/Oppressed paradigm.

People who fret about "inequality" are the same people who will vote for Kamala because they think she can/will protect the non-existent right to get an abortion: they are just stupid people.

No, everyone does not agree with fighting poverty. People argue against that all the time. Where have you been?

Second you skip over the reason so many have so much today. The Federal Reserve (quasi government) pumping billions and billions and billions into the markets. Not into the people, the markets to keep them inflated and running at record levels.

Now the argument will be anyone can invest in the markets and while not actually true it's those who already have that greatly takes the vast majority of that share while those trying to make ends simply meet pay the costs of all this pumping, inflation.

The guy who made millions from the pumping doesn't feel the 8% inflation. The guy who has a little in the markets does though.

And then there is the part where people pretend it's all capitalism where it is nothing of the sort. In capitalism when you make a bad investment the result is you are supposed to lose. The system doesn't allow that to happen today. They argue they must bail out bad investments to keep the economy rolling. There is no incentive for due diligence in investing as the system is going to keep you afloat, bad investment or not.

 

[Care4all]

Geez

The article was from 2014 in the op, and then he blames Biden for the quantitative easing when it was BIDEN who took the opposite route and had to raise our interest rates to ease the rate of inflation.

Your Savior TRUMP is the one that BEGGED for more quantitative easing.....YES TRUMP.

AND in 2019 right after his BIG ASS Tax cut was put in place to spur the economy...

SAY WHAT? What the hell was the MEGA trillion dollar tax cut for?

I'm not saying Democrats in hard times do not use Quantitative easing...they DO.....!!!

BUT TRUMP wanted to use the easing even more when we allegedly had an economy that was doing so well.... And just had a mega tax cut in a good economy....

Was that to make Trump and his mega millionaire and billionaire friends RICHER? TO LINE his own silver lined pocket?

Or just to hide his MEGA TAX CUT failure to spur the economy as much as he boasted the economy would?

https://www.reuters.com/article/business/trump-repeats-call-for-fed-to-lower-interest-rates-boost-quantitative-easing-idUSKBN1YL1TH/

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday called again for the Federal Reserve to further lower interest rates and boost quantitative easing, saying it would boost exports.
"Would be sooo great if the Fed would further lower interest rates and quantitative ease. The Dollar is very strong against other currencies and there is almost no inflation. This is the time to do it. Exports would zoom!" Trump wrote in a post on Twitter.

 

[initforme]

Learn a skill that pays well and use it against one's employers.

 

[pknopp]

Geez

The article was from 2014 in the op, and then he blames Biden for the quantitative easing when it was BIDEN who took the opposite route and had to raise our interest rates to ease the rate of inflation.

To note, the president does not actually control that. He may have some influence but doesn't decide what rates will be.

Your Savior TRUMP is the one that BEGGED for more quantitative easing.....YES TRUMP.

All the time. As I've noted many times, even argued for negative rates which would have been crushing for many.

AND in 2019 right after his BIG ASS Tax cut was put in place to spur the economy...

SAY WHAT? What the hell was the MEGA trillion dollar tax cut for?

I'm not saying Democrats in hard times do not use Quantitative easing...they DO.....!!!

BUT TRUMP wanted to use the easing even more when we allegedly had an economy that was doing so well.... And just had a mega tax cut in a good economy....

As I've noted many times, with the "greatest economy ever" like Trump claimed you do not need to pump, pump, pump like we did.

Was that to make Trump and his mega millionaire and billionaire friends RICHER? TO LINE his own silver lined pocket?

Or just to hide his MEGA TAX CUT failure to spur the economy as much as he boasted it would?

https://www.reuters.com/article/business/trump-repeats-call-for-fed-to-lower-interest-rates-boost-quantitative-easing-idUSKBN1YL1TH/

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday called again for the Federal Reserve to further lower interest rates and boost quantitative easing, saying it would boost exports.
"Would be sooo great if the Fed would further lower interest rates and quantitative ease. The Dollar is very strong against other currencies and there is almost no inflation. This is the time to do it. Exports would zoom!" Trump wrote in a post on Twitter.

Then all the debt needs addressed. Biden argued over and over and over that the rich would pay their fair share but did nothing but run on debt and more debt.

 

[Care4all]

To note, the president does not actually control that. He may have some influence but doesn't decide what rates will be.




All the time. As I've noted many times, even argued for negative rates which would have been crushing for many.




As I've noted many times, with the "greatest economy ever" like Trump claimed you do not need to pump, pump, pump like we did.




Then all the debt needs addressed. Biden argued over and over and over that the rich would pay their fair share but did nothing but run on debt and more debt.

Higher interest rates got them to pay more, for a time....now they are easing again...

YES, ABSOLUTELY!

You have been up on this issue for years!