Northwest Indiana Discussion

however once the Great Society of LBJ was initiated it all went to hell....

Nah, that's what the voices in the heads of racists say. Fact is it all starterd when Bonzo's co-star Ronnie Reagan, got elected:
CBO Study of Income Equality Since Reagan: We Got Screwed

http://open.salon.com/blog/mick_arran/2 ... ot_screwed

Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.

It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. And that theory fits well on a bumper sticker. Here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.

Income Equality

I have no idea

Income Inequality

Good to see you can't refute anything that I posted.

refute what?

some blogger pulling numbers out of his ass?

go troll somewhere else.

YOU believe that there is no economic-income inequality in this country?...really?...seriously?

No it's not, it's 100% dead on.
Obama Strikes Populist Chord With Speech on G.O.P. Turf

By A. G. SULZBERGER

OSAWATOMIE, Kan. — Laying out a populist argument for his re-election next year, President Obama ventured into the conservative heartland on Tuesday to deliver his most pointed appeal yet for a strong governmental role through tax and regulation to level the economic playing field.

“This country succeeds when everyone gets a fair shot, when everyone does their fair share and when everyone plays by the same rules,” Mr. Obama said in an address that sought to tie his economic differences with Republicans into an overarching message.

Infusing his speech with the moralistic language that has emerged in the Occupy protests around the nation, Mr. Obama warned that growing income inequality meant that the United States was undermining its middle class and, “gives lie to the promise that’s at the very heart of America: that this is the place where you can make it if you try.”

“This is a make-or-break moment for the middle class, and all those who are fighting to get into the middle class,” Mr. Obama told the crowd packed into the gym at Osawatomie High School.

“At stake,” he said, “is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement.”

Mr. Obama purposefully chose this hardscrabble town of 4,500 people, about 50 miles south of Kansas City, Kan., where Theodore Roosevelt once laid out the progressive platform he called “the New Nationalism” to put forth his case for a payroll tax cut and his broader arguments against the Republican economic agenda in what his aides hoped would be viewed as a defining speech.

Though it was lacking in specific new policy prescriptions, the hourlong speech, and the days of buildup that preceded it, marked the president’s starkest attack on what he described as the “breathtaking greed” that contributed to the economic turmoil still reverberating around the nation. At one point, he noted that the average income of the top 1 percent — adopting the marker that has been the focus of the Occupy movement — has gone up by more than 250 percent, to $1.2 million a year.

The new tack reflected a decision by the White House and the president’s campaign aides that — with the economic recovery still lagging and Republicans in Congress continuing to oppose the president’s jobs proposals — the best course for Mr. Obama is to try to present himself as the defender of working-class Americans and Republicans as defenders of a small elite.

Republicans, though, portrayed the visit to Osawatomie (pronounced oh-suh-WAHT-ah-mee) as an effort by the president to paper over his failed stewardship of the national economy. Though unemployment levels dropped to 8.6 percent last month, they remain higher than the level at which any president has been re-elected since the Great Depression.

Mitt Romney, one of the contenders for the Republican presidential nomination, dismissed the president’s address. “I thought, ‘In what way is he like Teddy Roosevelt?’ ” Mr. Romney said. “Teddy Roosevelt founded the Bull Moose Party. One of those words applies when the president talks about how he’s helped the economy.”

The trip was Mr. Obama’s third out of Washington in as many weeks to press for passage of the payroll tax break, which would reduce the how much employees pay for Social Security to 3.1 percent from the already reduced level of 4.2 percent. Under the Democratic proposal, which Republicans have blocked, the cut that would go to most working Americans would be offset in the budget by a 1. 9 percent surtax on those with modified adjusted gross incomes of more than $1 million. If Congress takes no action, the tax will revert back to 6.2 percent next month.

In Washington, the two parties remained at an impasse in their efforts to write legislation to extend the tax cut, with Senate Republicans rejecting the latest Democratic proposal and House Republicans still writing their own plan.

Though the earlier speeches on the payroll tax took place in swing states, the fact that the president brought the message to one of the most reliably Republican states in the country shows that he and his party are increasingly confident that they have found a message that resonates with voters.

This speech, however, was cast in broad historical terms, with Mr. Obama declaring that that after a century of struggle to build it, the middle class has been steadily eroded, even before the current economic turmoil, by Republican policies intended to reduce the size and scope of government — ranging from tax cuts for the wealthy to deregulation of Wall Street.

“Fewer and fewer of the folks who contributed to the success of our economy actually benefited from that success,” he said. “Those at the very top grew wealthier from their incomes and investments than ever before. But everyone else struggled with costs that were growing and paychecks that weren’t — and too many families found themselves racking up more and more debt.”

Mr. Obama sought to pre-empt a Republican response that he was engaging in class warfare. “This isn’t about class warfare,” he said. “This is about the nation’s welfare.”

Why, because I make you & the other idiots here look like ignorant fools all the time?