Monday, October 22, 2012

OBAMA BETTER FOR WALL STREET, THE RICH AND THE POOR?


In the USA, the "economy in general" and "unemployment" rank No. 1 on Gallup's Most Important Problem list in October 2012, with 63% of Americans saying these are the top issues facing the country.

War/Afghanistan/Iraq/National security are listed as the top issues by only 5% of Americans.

Economy Is Dominant Issue for Americans as Election Nears - Gallup.com‎

Rural school children, San Augustine County, Texas (LOC)
By The Library of Congress

According to an article in The Economist (Buttonwood):

The economy does better under the Democrats.

"Since 1929 Republican presidents have had ten full terms in office. 

"The average annual real price change in American equities over this period is slightly less than zero... 

"The average real price gain in years of Democratic presidencies has been 7%... 

"Republicans ... presided over the calamitous stockmarket declines of 1973-1974 and 2008...

The average inflation rate under Democrats has been... 3.5%, compared with 3% under Republicans...

Girl in T-Bird
By БРАТСТВО

"In his book Unequal Democracy: The Political Economy of the New Gilded Age, Larry Bartels calculates that between 1952 and 2004 the average annual real post-tax income gain for the rich was 1.37% when Democrats were in the White House and just 0.92% when Republicans were.

"Interestingly, when Mr Bartels looks at the real post-tax income growth of the poor... Their income increased by 1.56% a year under Democrats and declined by 0.32% a year under Republicans. 

"In other words, the gap between the rich and the rest grew substantially wider under Republican administrations...

Josie, six year old, Bertha, six years old, Sophie, 10 years old, all shuck regularly. Maggioni Canning Co.  Location: Port Royal, South Carolina. (LOC)

"Economic policy is also set by the Federal Reserve. 

"If there have been two moments in the past century when Fed policy has been most awry, it was probably in the early 1930s (when policy was too tight) and the mid-1970s (when it was too loose). 

"Both periods coincided, initially at least, with Republicans in the White House...

"If ... Republicans were to win the presidency ... a combination of tighter fiscal and monetary policy would provide a tough environment for equity markets in 2013 and 2014. 

"The suits on the Street should be careful what they wish for."

The illusion of privacy in a limited hangout world

The 2012 US Presidential “Non-election”: Which Brand of “Fascism” this Time? By Larry Chin

6 comments:

Anonymous said...

USA Congress HR 6566 instructing FEMA (see millions of hollow-point bullets and plastic coffins ready):
"Emergency preparedness" "natural disaster, act of terrorism, or other man-made disaster" "plan for" "mass fatalities"
"Jewish and Muslim religions call for burial of the deceased not later than 48 hours after death."
http://www.govtrack.us/congress/bills/112/hr6566/text?inf_contact_key=140f2fd5fec6506497d7022b6866fa58f1ca32748482bf977f4d986171806804
http://www.govtrack.us/favicon.ico

Anonymous said...

http://www.dailymail.co.uk/news/article-2221388/Jimmy-Savile-abused-great-niece-Caroline-Robinson-paedophile-DJ-bought-relatives-silence.html

http://www.dailymail.co.uk/news/article-2221130/Jimmy-Savile-documentary-BBC-admits-Newsnight-editor-Peter-Rippons-excuses-misleading.html

http://www.dailymail.co.uk/news/article-2221441/April-Jones-police-investigating-attempted-abduction-schoolboy-man-white-van.html

Anonymous said...

My gran worked with 50 others at Belmont casket. Belmont made the casket that JFKand several other Presidents are buried in, until Bain capital bankrupted them. The work force was very stable and most had stayed at Belmont for 20 plus years. With most of the employees ready to retire at same time management sold out. What was left? A monthly pay packet of 65 dollars a month pension. This was 1980. Thanks WILLARD!

CS said...

Re: your title, "better for the rich and the poor?" The answer may be yes.

The only way the poor will be better off is if there is a greater demand for labor, i.e., more jobs and better paid jobs. Those jobs cannot come from a government that is running deficits of a $trillion a year. So they can only come from the private sector.

How can the private sector be induced to create more jobs? By increasing the opportunity for private sector profit. That means lower corporate taxes. In the last presidential debate, Romney noted that the corporation tax in the US is 35% in Canada 15, then asked "where would you start a business?"

While no one can be sure of what a Republican administration would do, it could (a) cut the corporation tax as promised by Romney, (b) force China and Japan to spend their hoards of dollars or face tariffs on their exports to the US. Either way, that would mean more US jobs.

All very upsetting to the left, which would rather have an unending depression than see the capitalists do well opening factories and making money in the US.

A. Peasant said...

thank you for the link Aan.

Anonymous said...

Nation Tunes In To See Which Sociopath More Likable This Time
USA President Election is a Mafia Facade Stage Play:
http://www.theonion.com/articles/nation-tunes-in-to-see-which-sociopath-more-likabl,29946/

"I’m very curious to see which one of these two clinically sociopathic individuals will present the most convincing" "approximation of" "emotional states such as empathy and regret will probably have my vote come November".

 
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