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Tag Archives: poor

New Poll: Obama Aids Rich, Not Middle Class

One doesn’t need a poll to see this. During the Obama presidency the rich have done quite well. The so called “underclass” has been largely placated. (Obama got rid of Clinton era “workfare” for instance making welfare a “life choice” again.) But the middle class, the core of America, has been hurt. There is simply no denying it. (I mean one can, but one would be wrong.)

It’s not entirely Obama’s fault. He is only a part of the puzzle, if a big part.The Federal Reserve has fundamentally undermined the economy. It has rewarded those who already had assets before the 2008 Crash with an inflated stock market. Those without assets, or those whose only “asset” is their home? Well, too bad so sad.

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Condi Rice on School Choice: “Anybody Who Defends The Status Quo In The Education System, That’s Racist To Me”

I am not the biggest fan of Condi Rice. Though a somewhat dissenting voice on Iraq she still was for the war which has proven to be a disaster. Saying that, on this issue she is absolutely correct. She gets a bit partisan and all pro-Republican at the end but what she says about poor black kids stuck in terrible schools is certainly how I feel.

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If you had assets before 2008 you’re probably doing fairly well, If you didn’t, well sorry

The great disconnect continues. Those who are tapped into the (crony) financialized system have seen their stocks and bonds do well as the market has ridden a Federal Reserve created bubble. Those who do not have assets, or only real estate assets, (unless they have nice arable farmland) have fallen behind. It’s a case of the rich getting richer and the poor getting poorer, but the situation has been exacerbated by the central bank experiments of the last 6 years.

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