Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 01-30-2014, 12:29 PM  
Prison Bitch Prison Bitch is offline
The bitch is BACK!
 
Prison Bitch's Avatar
 
Join Date: Nov 2012
Location: Lees summit
Casino cash: $23102
If we want more income equality.....

If we want more income equality, should we return to the economy of George W. Bush?
BY JIM LINDGREN
January 28 at 5:41 am

More



Other things being equal, income equality is better than inequality. But other things are NOT equal. The easiest way to make incomes more equal in the short run is to have a recession.

Much has been made of growing income inequality since 1979, but very little attention has been paid to which of the four presidental administrations preceding Barack Obama increased income equality and which ones reduced it. In short, the two presidents whose terms involved improving income equality were the two George Bushes and the two whose terms were associated with worsening after-tax income equality were Ronald Reagan and Bill Clinton. It is probably not an accident that the two presidents in whose administrations the GDP grew the most were the two presidents whose time in office coincided with worsening income equality.

The president under whom the poorest quintile enjoyed the largest increase in after-tax household income was George W. Bush. And the two administrations under whom the richest quintile and richest 1 percent fared the worst were the two Presidents Bush. Among Barack Obama’s four immediate predecessors, the two biggest income equalizers were George H.W. Bush and George W. Bush.

Just to be clear, I am not pining for the good old days of the economy of George W. Bush.


But George W. Bush was the most successful of our recent past presidents in achieving very substantial increases in incomes for the poorest quintile (+18.4%), while keeping gains for the richest quintile and richest 1 percent at modest levels. For example, under Bush the Younger, the incomes of the richest 1 percent rose only 6.5 percent in eight years, compared to a staggering 84 percent under Clinton and 91 percent under Reagan.
If you would rather have Bill Clinton’s economy than George W. Bush’s economy – and I definitely would – then as a practical matter you probably don’t care overmuch about income equality.

http://www.washingtonpost.com/news/v...george-w-bush/
Posts: 15,981
Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 01-30-2014, 12:43 PM   #2
blaise blaise is offline
Gonzo = Sexy Bitch
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $370
There's no actual desire for income equality. It's mostly just a campaign sell. Taxing billionaires won't actually make anything better. But peddling that some people are too rich and others's aren't rich enough is a gold mine to get votes.
Posts: 21,092
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 12:45 PM   #3
alpha_omega alpha_omega is online now
MVP
 
alpha_omega's Avatar
 

Join Date: Jan 2004
Location: Liberty
Casino cash: $10068
Quote:
The president under whom the poorest quintile enjoyed the largest increase in after-tax household income was George W. Bush.
Shhhhhhh!
Posts: 7,029
alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.alpha_omega wants to die in a aids tree fire.
  Reply With Quote
Old 01-30-2014, 12:49 PM   #4
Prison Bitch Prison Bitch is offline
The bitch is BACK!
 
Prison Bitch's Avatar
 

Join Date: Nov 2012
Location: Lees summit
Casino cash: $23102
Quote:
Originally Posted by blaise View Post
There's no actual desire for income equality. It's mostly just a campaign sell. Taxing billionaires won't actually make anything better. But peddling that some people are too rich and others's aren't rich enough is a gold mine to get votes.
Supposing that is true, why would any liberal who is concerned about it support Barack Obama?
__________________
"NFL home field advantage isnt worth 3 points. It's worth about 1/2 a point." - Saul Good 10/30/13
Posts: 15,981
Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.Prison Bitch 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 01-30-2014, 12:51 PM   #5
InChiefsHell InChiefsHell is offline
Rockin' yer FACE OFF!
 
InChiefsHell's Avatar
 

Join Date: Feb 2003
Location: Omaha, Nebraska
Casino cash: $11411
because they don't support BO out of principal...they support him because he's there guy. Team D vs. Team R.
__________________

We have a million reasons for failure, but not one excuse...
Die Donks, DIE!!

A quote:
"Oh well, there's always next year. We'll be better then, you'll see..." - Every Chiefs fan for the last 42...crap...43 years...

Quit listening to all that crappy new music and check out HEADSTRONG!
Posts: 13,328
InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.InChiefsHell threw an interception on a screen pass.
  Reply With Quote
Old 01-30-2014, 12:53 PM   #6
blaise blaise is offline
Gonzo = Sexy Bitch
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $370
Quote:
Originally Posted by Prison Bitch View Post
Supposing that is true, why would any liberal who is concerned about it support Barack Obama?
Believing can be comforting, especially when it comes with an ability to claim you're effecting change without getting off the sofa yourself.
Posts: 21,092
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 12:55 PM   #7
lawrenceRaider lawrenceRaider is offline
Laughing at the FUD
 
lawrenceRaider's Avatar
 

Join Date: May 2002
Location: Arlington, TX
Casino cash: $7555
Quote:
Originally Posted by InChiefsHell View Post
because they don't support BO out of principal...they support him because he's there guy. Team D vs. Team R.
Correct answer, and why so many of the Team D folk just don't care about all the things President Obama is doing that they complained bitterly about President Bush doing.
Posts: 852
lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.lawrenceRaider is not part of the Right 53.
  Reply With Quote
Old 01-30-2014, 12:57 PM   #8
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $23217
I think they support Obama because they like his ideas and want freebies.
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,821
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 12:58 PM   #9
blaise blaise is offline
Gonzo = Sexy Bitch
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $370
Plus he's friends with Beyonce and a lot of other celebs. And it makes you not a racist, too.
Posts: 21,092
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 01:35 PM   #10
cosmo20002 cosmo20002 is offline
Debunking your bullshit
 
cosmo20002's Avatar
 

Join Date: Aug 2002
Location: KC area
Casino cash: $22299
Quote:
Originally Posted by blaise View Post
There's no actual desire for income equality. It's mostly just a campaign sell. Taxing billionaires won't actually make anything better. But peddling that some people are too rich and others's aren't rich enough is a gold mine to get votes.
Is "income equality" supposed to mean that everyone makes the same amount of money, period? Has anyone said that is actually the goal?
__________________
Posts: 20,500
cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 01:36 PM   #11
Hoopsdoc Hoopsdoc is offline
Servant of God
 
Hoopsdoc's Avatar
 

Join Date: Dec 2013
Location: Epsom Indiana
Casino cash: $8552
Quote:
Originally Posted by BucEyedPea View Post
I think they support Obama because they want freebies.
FYP
__________________
Quote:
As for me and my house, we will serve The Lord
Posts: 473
Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.Hoopsdoc has just been standing around suckin' on a big ol' chili dog.
  Reply With Quote
Old 01-30-2014, 01:43 PM   #12
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $5000
Quote:
Originally Posted by cosmo20002 View Post
Is "income equality" supposed to mean that everyone makes the same amount of money, period? Has anyone said that is actually the goal?
I don't think anyone has said that's the goal. Why do you ask?
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,744
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 01:45 PM   #13
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $23217
Quote:
Originally Posted by Hoopsdoc View Post
FYP
I see what you did there. I just thought the ideas are about freebies.
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,821
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 01-30-2014, 01:53 PM   #14
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $17223


I absolutely hate articles like this.

When you look at the declines in income for the top 1% during Bush Jr, it was driven by the tech bubble bursting in 2001 and then the crash of 2007-08. This analysis tells us nothing as to why these things happened and attributing these things to presidents absent tax cuts during their administrations (Raygun and Bush Jr) is ludicrous. In the case of Shrub Jr, his tax cuts (which disproportionately benefited the wealthy) are directly responsible for some of the growth in the income of the top 1% under Obama.

For Obama, who came into office in 2009, we have a huge rally in all assets which has driven the income growth for the top 1%.

Simply pointing to these statistics under different presidents tells us nothing.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 18,898
KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.
  Reply With Quote
Old 01-30-2014, 01:59 PM   #15
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $5000
Quote:
Originally Posted by KC native View Post


I absolutely hate articles like this.

When you look at the declines in income for the top 1% during Bush Jr, it was driven by the tech bubble bursting in 2001 and then the crash of 2007-08. This analysis tells us nothing as to why these things happened and attributing these things to presidents absent tax cuts during their administrations (Raygun and Bush Jr) is ludicrous. In the case of Shrub Jr, his tax cuts (which disproportionately benefited the wealthy) are directly responsible for some of the growth in the income of the top 1% under Obama.

For Obama, who came into office in 2009, we have a huge rally in all assets which has driven the income growth for the top 1%.

Simply pointing to these statistics under different presidents tells us nothing.
The article explained all of this, minus the unimportant details that you've added.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,744
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 07:37 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.