General Discussion

cheapdate

(3,811 posts)

86. Here's a sypmathetic chart from the New York Times on Friday.

Sat Sep 14, 2013, 02:26 PM

Sep 2013

It covers through 2012. They didn't have re-scale.

http://economix.blogs.nytimes.com/2013/09/10/the-rich-get-richer-through-the-recovery/?_r=0

Look, I'm sympathetic to this argument. It's a hugely important problem and I'd support radical solutions.

But I think the fact is that it's the same factors that have been creating this trend over the past thirty years that are still in play today; globalization, offshoring, the rise of the multinational corporations, the dominance of the banking and financial sector, tax laws at home and abroad, trade policy, the dominance of liberal (free-market) economics, steady improvements in productivity, declining power of labor unions.

Who the president appoints to head the federal reserve isn't going to make a real difference. Nor will raising income tax rates by 5 or 10 percent. The causes are vast, diffuse, systemic, and global. I don't know what the answer is.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

235 replies

= new reply since forum marked as read

Highlight:

Obama's Legacy Could Be an America of Aristocrats and Peons, Shocking New Research Reveals [View all] xchrom Sep 2013 OP

I hardly see this as Obama's fault madokie Sep 2013 #1

Obama and the Democrats rescued the GOP leftstreet Sep 2013 #2

Democrats have been administering CPR ever since. Enthusiast Sep 2013 #7

Ridiculous words, no less lumpy Sep 2013 #96

Actually Obama is the first President since Clinton to get tax increases on the rich. iandhr Sep 2013 #11

Actually all Obama had to do was NOTHING to raise taxes on the rich a lot more. truebluegreen Sep 2013 #80

Indeed. n/t PoliticAverse Sep 2013 #139

Leaves out the fact the Republicans were holding something else hostage treestar Sep 2013 #142

nah...it`s easier to complain than... madrchsod Sep 2013 #183

If the rich paid their fair share of taxes, raising the debt ceiling JDPriestly Sep 2013 #194

JDP wrote the FACTS, I fully agree. Too much "spin", come on folks, this is our country we're drynberg Sep 2013 #202

warren is also my pick if she runs madrchsod Sep 2013 #204

I absolutely agree with you JDPreiestly... blue14u Sep 2013 #224

Thanks. Join your local Democratic Club or form one if you don't have one. JDPriestly Sep 2013 #231

He has to increase their taxes even more! Auntie Bush Sep 2013 #190

You skipped a couple of decades - Reagan left office in 1989! George II Sep 2013 #14

Reagan-omics, not Reagan leftstreet Sep 2013 #41

Pernicious nonsense, Mr Leftstreet eom Kolesar Sep 2013 #76

How in hell do you think Obama has rescued/revived the GOP? ferkinghogwash lumpy Sep 2013 #94

That they did--and I have no intention of forgiving them for it. n/t Raksha Sep 2013 #123

Quite true, often the obstructionists get a free pass and the blame RKP5637 Sep 2013 #3

No doubt about it. Now he is getting mudslinging from his 'loyal' Democrats or pretend to be. lumpy Sep 2013 #101

We could also be doing a hell of lot better than Obama. Raksha Sep 2013 #125

Yep, agree!!! n/t RKP5637 Sep 2013 #148

I'd like to defend him, but where are the prosecutions on Wall Street? Why would he push Summers to hlthe2b Sep 2013 #10

Obama is not a prosecutor nor does he make and execute laws. That is the role of a dictator. lumpy Sep 2013 #99

Oh, come on... Holder does report to Obama and prosecution priorities do involve him hlthe2b Sep 2013 #109

execution of the law green917 Sep 2013 #116

Riiiight Phlem Sep 2013 #117

Eric Holder does Obama's bidding AgingAmerican Sep 2013 #138

Congress Vanje Sep 2013 #170

The executive branch doesn't enforce laws? Doctor_J Sep 2013 #196

And here I thought the DOJ was part of the Executive Branch. morningfog Sep 2013 #211

You've been thoroughly discredited. Do you have more to say about the benefits of education? DisgustipatedinCA Sep 2013 #227

"My administration is the only thing between you and the pitchforks," Obama told the bankers in 2009 jtuck004 Sep 2013 #137

/\ this is an amazing post/\ Vanje Sep 2013 #165

Pretty much, he throws crumbs to the rest of the population in the form of Katashi_itto Sep 2013 #168

Exactly. n/t cui bono Sep 2013 #219

disgusting. liberal_at_heart Sep 2013 #174

There are many factors that go into prosecuting a case treestar Sep 2013 #144

It's not his fault Scootaloo Sep 2013 #28

His appointee Holder AgingAmerican Sep 2013 #141

Agreed. Holder's role was/is to act as a figurehead until the statute of limitations runs out. AnotherMcIntosh Sep 2013 #176

Nothing is Obama's fault. raindaddy Sep 2013 #31

Exactly-- who do they think they're kidding with that shit? Marr Sep 2013 #65

It is shit alright, the shit list that is. lumpy Sep 2013 #103

heh. SammyWinstonJack Sep 2013 #78

Well said, thank you. truebluegreen Sep 2013 #83

+5 jillion Phlem Sep 2013 #132

+1 n/t NealK Sep 2013 #164

Nailed it! go west young man Sep 2013 #218

You just made a friend of me... Welcome to DU! blue14u Sep 2013 #234

This article is spot on. mick063 Sep 2013 #68

Not completely Obama's fault. HooptieWagon Sep 2013 #84

More shit lumpy Sep 2013 #104

So you're for the TPP? /nt Marr Sep 2013 #133

Should Obama have ordered Holder to prosecute Wall Street AgingAmerican Sep 2013 #145

Obama is a victim for being dumped on by the Bush legacy, and Republican obstruction. lumpy Sep 2013 #92

So Bush forced him not to prosecute bankers and wall street? AgingAmerican Sep 2013 #146

Possibly. The BFEE* could have threatened him personally if he tried it. Raksha Sep 2013 #159

....and Bush forced Obama to appoint bankers and recycled Bush-appointees Vanje Sep 2013 #172

New tactic of bullshit rhetoric by Obama haters. It falls into the category of mud slinging. lumpy Sep 2013 #97

Too many find it too easy to dump on the one man working his ass off madokie Sep 2013 #108

He chose not to prosecute AgingAmerican Sep 2013 #135

Palease. robinlynne Sep 2013 #143

Agreed! Can't understand the reason for such a post . . . brush Sep 2013 #178

The 1% blkmusclmachine Sep 2013 #4

How Funny Cryptoad Sep 2013 #5

My industry has been off shored during Obamas presidency abelenkpe Sep 2013 #17

Yup. While his administration can't be blamed for all of that, as you say, whathehell Sep 2013 #26

That is an excellent description of what's going on abelenkpe Sep 2013 #35

Thank you! whathehell Sep 2013 #73

Exactly. n/t Raksha Sep 2013 #128

Which Obama law Cryptoad Sep 2013 #38

What have democrats done to keep them here? abelenkpe Sep 2013 #53

Do you think Obama has the power to create laws. ? Cryptoad Sep 2013 #59

Isn't he the one negotiating that miscarrage of justice that is the TPP?....... socialist_n_TN Sep 2013 #62

How do you judge when the agreement is still being constructed? Cryptoad Sep 2013 #156

How can you NOT judge when it's being constructed in secret? socialist_n_TN Sep 2013 #212

Is that what is really bothering you? Cryptoad Sep 2013 #226

When it's done it's too late! cui bono Sep 2013 #220

So many seers,,,,, Cryptoad Sep 2013 #225

Well I'm glad tthat you're SO comfortable with your betters.......... socialist_n_TN Sep 2013 #229

Yes it does seem Cryptoad Sep 2013 #233

Many people do, people critize him for not fixing everything that needs fixing and critize lumpy Sep 2013 #88

Well said! Cryptoad Sep 2013 #157

his admin has put forth a jobs bill which the pukes blocked BlancheSplanchnik Sep 2013 #206

This message was self-deleted by its author Cryptoad Sep 2013 #57

How has Free trade, repealing Glass Steagal, and media deregulation lifted up the middle class? Larry Ogg Sep 2013 #56

You got it Larry BlueJazz Sep 2013 #105

GOP Cryptoad Sep 2013 #209

don't forget he also caused Mount Etna to erupt! whistler162 Sep 2013 #6

Obama and his Wall Street bailout. Now here is proof. Safetykitten Sep 2013 #8

I seem to remember that bushie was president when we bailed out the banksters and wall street. jwirr Sep 2013 #22

As a US Senator, Obama campaigned FOR, lobbied FOR, and voted FOR the Bailout, bvar22 Sep 2013 #87

Why weren't they prosecuted? AgingAmerican Sep 2013 #149

Trying to pin that on Obama? Of course. lumpy Sep 2013 #111

I suppose it might be "shocking" cheapdate Sep 2013 #9

No, he & the people he works for accelerated it. n/t Egalitarian Thug Sep 2013 #15

It's a continuation of a trend that started in the 1970s. cheapdate Sep 2013 #40

Nobody told me that, I've lived it while paying attention to what is done, rather than by Egalitarian Thug Sep 2013 #69

It's not accelerating, it's increased at a nearly constant rate, cheapdate Sep 2013 #70

Do you see that spike from '87 - '90? This one is going to force them to re-scale Egalitarian Thug Sep 2013 #74

Here's a sypmathetic chart from the New York Times on Friday. cheapdate Sep 2013 #86

Because you don't want to know what the answers are. There's no mystery here, we've Egalitarian Thug Sep 2013 #91

Screw you. You're all loose talk and nothing else. cheapdate Sep 2013 #95

You're not my type. How about we start with something simple, eliminating the sources of Egalitarian Thug Sep 2013 #147

You've got some good ideas there Egalitarian Thug. liberal_at_heart Sep 2013 #152

Thank you, but they're not mine. As I told cheapdate, solutions to all of these Egalitarian Thug Sep 2013 #163

I'm definitely tired of the excuses. liberal_at_heart Sep 2013 #171

That all sounds good to me :) nt abelenkpe Sep 2013 #155

I'm glad you like it. If people would just make the demand... n/t Egalitarian Thug Sep 2013 #223

You barely address the main problem, cheapdate Sep 2013 #232

Nor has he really tried. RC Sep 2013 #16

Exactly. And anything he has done has been opposed head on by the rethugs. It is a miracle that jwirr Sep 2013 #23

Obama's "legacy"? Just how do you come to that conclusion? George II Sep 2013 #12

Last week his legacy was going to be WWIII in Syria ... the wheel of outrage JoePhilly Sep 2013 #19

Yep, Obama bad treestar Sep 2013 #45

You read the arguments here. mick063 Sep 2013 #98

Do your own damn fighting then, if all you can do is whine. He is not your savior. lumpy Sep 2013 #112

Good answer sir. mick063 Sep 2013 #150

Exactly. Working people are the ones that have brought about change in the past. By gathering lumpy Sep 2013 #158

You do not have a clue about what I do. mick063 Sep 2013 #162

What is the Presidents economic agenda that you are working against, may I ask, Madam? lumpy Sep 2013 #169

I don't believe so. mick063 Sep 2013 #221

Unsubstantiated talking points George II Sep 2013 #228

Wrong! Syria and the blame for starting WWIII would be an additional point of outrage, Raksha Sep 2013 #131

About the Syria issue Vanje Sep 2013 #175

xchrom didn't come to that conclusion, xchrom posted an article Autumn Sep 2013 #34

Generally when people post articles on this site, it's because they embrace the thought..... George II Sep 2013 #46

I don't have the ability to read minds, but I do find that most DUers post Autumn Sep 2013 #48

Bullshit. People post latest news stories to keep us posted on what is happening. Not selective lumpy Sep 2013 #115

Well, posting a speculative article about Obama's legacy isn't "latest news", it's opinion. George II Sep 2013 #118

Read Autumn's post. She said it more succinctly than I. lumpy Sep 2013 #122

Yep, if this is so, it's been happening since the Reagan Administration treestar Sep 2013 #42

Wishful thinking from a group that influences nothing. great white snark Sep 2013 #188

Message auto-removed Name removed Sep 2013 #13

30 plus years of trickledown economics...but SURE let's Rex Sep 2013 #18

the new guy did promise both hope and hfojvt Sep 2013 #27

Like I said, blame the new guy. Rex Sep 2013 #29

Truly, it has taken decades to get to this point. People expect miracles over night, especially lumpy Sep 2013 #127

the new guy said he wanted to change it hfojvt Sep 2013 #217

He stood for and still stands for hope and change treestar Sep 2013 #43

Very good point, they are not wizards. Rex Sep 2013 #82

he did not stand for it hfojvt Sep 2013 #216

payroll taxes only go to 107 grand questionseverything Sep 2013 #79

because if they made, say $300,000 or $170,000 or $873,426 hfojvt Sep 2013 #214

The new guy had majorities in both houses in 2009. PeteSelman Sep 2013 #201

The only people to blame are the corporations behind it. raouldukelives Sep 2013 #20

the amazing ability to blame everyone else but Obama... Safetykitten Sep 2013 #21

Your post is confusing lumpy Sep 2013 #129

he was saved by a communist? really? madrchsod Sep 2013 #180

"Please don't call us peeons." - The Proles (99%) Berlum Sep 2013 #24

Blame Obama first. baldguy Sep 2013 #25

No the order of blame goes Reagan, Bush, Clinton, Bush, Obama. They are all to blame. liberal_at_heart Sep 2013 #67

Where does the OP - or the article it points to - blame anybody but Obama? baldguy Sep 2013 #85

Because the other presidents are ex presidents. They can no longer do anything about liberal_at_heart Sep 2013 #89

Bullshit. Ex-Presidents certainly have a more powerful voice that the average citizens does. baldguy Sep 2013 #119

I will agree that they could add to the debate. But because they supported Trickle Down liberal_at_heart Sep 2013 #126

Call me when any of them come out against the status quo - and against their own records. baldguy Sep 2013 #130

When my kid suffers because the public schools are not properly funded and because Race to the Top liberal_at_heart Sep 2013 #136

Yet an ex-president's power is miniscule compared to the current Preisdent. morningfog Sep 2013 #213

Obama is just one man. The stuff you lay out for him to do can't be done in less than 8 years. lumpy Sep 2013 #134

I wouldn't care if he never got one piece of legislation passed. I just want him to stand up for us. liberal_at_heart Sep 2013 #140

He has spoken out re. many issues we care about. He has proven he has the fight, opposition lumpy Sep 2013 #166

look believe what you want. I'm done arguing with you. liberal_at_heart Sep 2013 #167

People love to gripe about their 'poor unfull filled lives' of dire want. Who becomes the whipping lumpy Sep 2013 #121

The whole country is suffering because Obama helps perpetuate Trickle Down Economics. liberal_at_heart Sep 2013 #124

'Trickle Down Economics' is not a simple process. It has taken years for trickle down economics lumpy Sep 2013 #151

Sorry. I just refuse to let them off the hook. Just because it has been the way we have done liberal_at_heart Sep 2013 #160

We have to join the fight to make changes. Obama needs our help to get anything done in lumpy Sep 2013 #177

If by helping you mean vote democrat in 2014, well I will as long as there are liberal liberal_at_heart Sep 2013 #182

No, I didn't mean just voting, support groups (not with money) who have the same interests as lumpy Sep 2013 #184

you forgot nixon, ford, and carter. madrchsod Sep 2013 #181

oligarchy has enjoyed extended prosperity under both parties og1 Sep 2013 #30

Alan Grayson: Thomas Jefferson on the Buffet Rule Zorra Sep 2013 #32

"This isn�t supposed to happen following an economic crisis." Well in this one we rewarded the Safetykitten Sep 2013 #33

The President meant well... kentuck Sep 2013 #36

I believe we mostly understand fredamae Sep 2013 #37

This^^^ Safetykitten Sep 2013 #39

Excellent post fredamae. I think you called it right. Autumn Sep 2013 #49

It's just the raw fredamae Sep 2013 #50

I want to sign up too. Autumn Sep 2013 #51

The Dem Party Leaders have fredamae Sep 2013 #52

For over 40 years I have voted in every election. Autumn Sep 2013 #54

Sounds like Me fredamae Sep 2013 #61

So true. MuseRider Sep 2013 #114

I think I love you! n/t Catherina Sep 2013 #64

They live in their own little bubble. They have no idea what regular people go through on a day to liberal_at_heart Sep 2013 #66

Very well said. Thank you. n/t Egalitarian Thug Sep 2013 #75

K&R MotherPetrie Sep 2013 #44

Sure, it "could be" ProSense Sep 2013 #47

Some folks see it as... kentuck Sep 2013 #55

That's OK, "some folks" want it repealed. ProSense Sep 2013 #60

Well to be fair, we have to go back to caveman times, as this trend was in full swing... Safetykitten Sep 2013 #58

Maybe I should read the article?....... socialist_n_TN Sep 2013 #63

I'd like to know who the author is, but I don't want them to have a click to show their advertisers. Kolesar Sep 2013 #77

Lynn Parramore progressoid Sep 2013 #205

I like that picture. Very illustrative of today's American 1%. liberal_at_heart Sep 2013 #71

Have you ever seen the HBO miniseries "John Adams?" Brigid Sep 2013 #198

A very poor attempt to blame Obama Hutzpa Sep 2013 #72

Why does the President feel compelled to compromise the working man to appease "jerk-asses"? mick063 Sep 2013 #100

You see it's always easier to point finger Hutzpa Sep 2013 #106

I find it easy to point the finger because the President only has spine for bad policy. mick063 Sep 2013 #154

Brioches, anyone? ocpagu Sep 2013 #81

Well, if he had fought near as hard for the Working Class & Poor... bvar22 Sep 2013 #90

Not by accident, but by design with the three major branches of government in cahoots with big indepat Sep 2013 #93

Why don't you and the article writer point out the historical obstructionism of bluestate10 Sep 2013 #102

this president could do 1 simple, LITTLE thing he hasn't done xchrom Sep 2013 #113

No he can't, government contract wages are set by law(s) Progressive dog Sep 2013 #207

Think I found original post of this story... macspanicattack Sep 2013 #107

Looks like your site got it from AlterNet and tweaked the headline. Autumn Sep 2013 #110

Nice try. NealK Sep 2013 #161

Sorry...Didnt see the time stamp. macspanicattack Sep 2013 #185

Slopping through the drool in this thread, Phlem Sep 2013 #120

The war with Syria will solve these problems and more. grahamhgreen Sep 2013 #153

And go figure... seabeckind Sep 2013 #173

without the majority in the house and a 51 votes majority in senate there is little that he can do. madrchsod Sep 2013 #179

I wonder what this country would be like if they would spend more time thinking about issues lumpy Sep 2013 #186

The Teapublicans are hoping macspanicattack Sep 2013 #187

yes, if I don't vote democrat I am sure I will blamed for the loss. I don't give a shit. liberal_at_heart Sep 2013 #189

Conscience worked well for Bush... macspanicattack Sep 2013 #192

Come on everyone.... macspanicattack Sep 2013 #193

My son already is in hell. It's called Race to the Top. liberal_at_heart Sep 2013 #195

Sorry for your personal probs that have made you bitter. macspanicattack Sep 2013 #197

fine with me. I have plenty Obama cheerleaders on ignore. liberal_at_heart Sep 2013 #203

There is no argument blue14u Sep 2013 #235

This is what happens when you ask the "best minds" in DC what to do.... Spitfire of ATJ Sep 2013 #191

It is about libdude Sep 2013 #199

K&R The record shows aggressive, proactive pursuit of a coporate agenda, woo me with science Sep 2013 #200

It's Bush's legacy. mzmolly Sep 2013 #208

kick RetroLounge Sep 2013 #210

Meanwhile, Congress remains blameless. NYC_SKP Sep 2013 #215

There are dozens of threads criticizing Congress as well. Look at the threads that talk about how liberal_at_heart Sep 2013 #222

Obama has been in office 6 and a half years, now. Quantess Sep 2013 #230