To consider only the seen while neglecting the unseen, as 19th-century political economist Frederic Bastiatwarned, risks cognitive errors. Policymakers must try to imagine the counterfactual when making a decision, taking an action, or analyzing history.
President Obama’s big speech on inequality last week illustrates vividly the value of asking, “What if . . . ?” Rising income inequality and declining economic mobility, the president declared, are “a fundamental threat to the American dream, our way of life, and what we stand for around the globe.” This factually suspect argument is put forth by Obama to promote his agenda of higher taxes, a higher minimum wage, and higher spending. To support it, he gave a revisionist history lesson worthy of Howard Zinn.
Many Americans recall the 1980s as the beginning of an improbable Long Boom when pro-market polices reversed what at the time had seemed like unstoppable economic decline. Obama, however, described the Reagan revolution as the moment when the postwar “social contract began to unravel” and “trickle-down ideology became more permanent,” leading to decades of dangerously unbalanced economic growth. The rich got even richer as middle-class incomes stagnated. The Age of Inequality had begun.
Yes he is a habitual liar, and a illegal, commie,marxist,muslim,white haten dingbat who is in charge of destroying this country while our worthless politicians stand by and pad their pockets...
Regardless of how the Marxist Muslim COMMUNIST Barry Soetoro LIES, CRIES, DECEIVES, COMMUNISM IS NOT GOING TO WORK IN THE USA! IMPEACH OBAMA "NOW"!!!!
I don't recall any human in all my years that raises so much anger and hatred in every fiber of my being ! I have never wished harm to a prior POTUS !
His speach was designed to continue the class warfare for the mid-term elections and the 2016 run by Hillary. He and his party are back to the "divide and conquer " techniques thay used last two elections. The difference this time around is that people should see they have done nothing to create real middle class jobs and have no program to do so. His approach is to play Robin Hood and hope that the morons out there will beieve that it will help them and vote democrat again.
It amazes me how an individual who has never even ran a lemonade stand and a employment that, if we really called it what it was, little more than that of a substitute teacher, he was never a full fledged law professor.
The lying sack of crap cannot keep his hands off the economy which he IS destroying. As for the completely useless Republican Party who for the most part are tucking their tails under their bellies and lying low. Bohner and McConnell are letting the bastard MuSLIMe run loose with out a peep.
The Dictator's not fooling us.
When this country was first founded the settlers soon learned after the first year that when every thing produced is put into a warehouse and then divided equally that it did not work. There were those that worked and those who took. When each person was responsible for their own land production went up. THe takers soon learned to get off their butts. Some years ago in Dallas Tx. as a news story they were interviewing 8th graders on how they would spend their summer vacation. One little girl said she planned on getting pregnant so she could get a check, stay home and watch soaps with her grandma, mama and her aunt. How ever creative and productive they could have become they would not give up the freebie.
Obama, master of red herrings and false data, deflects attention from the slight of hand perpetrated by the Fed Reserve. Solving economic problems requires location of real whys, or causes, of crashed statistics. And whose correction, once located, improves survival's ledger. The Elitist promoted Keynesian Economics while muzzling Austrian Economics authored by Ludwig Von Mises, Hayek, Rothbard, and backed by Ron Paul, Thomas Woods, and Lew Rockwell. Their understanding of economics ushers in freedom and liberty. Check'em out at mises.org...Semper Fi
One Question: Why does a U.S. President focus on "inequality". This type mentality is undesirable in a "leader". Leaders that have Character flaws like this can not LEAD and should not be candidates chosen by our elected reps.
He Liar no people will not believe it. You have been found to be the worst liar and the one liar that never stops lying. No one believe anything you say. You are a disgrace to the human race.