President Obama has done more to help the poor and middle class than any President since LBJ

[hfojvt]

137. yes Obama did something

he acted to make it worse - AFTER his re-election even.

After his first election, he kept the Bush tax cuts.

Then, when they were scheduled to expire in 2010, he extended them again

And threw the accursed payroll tax cut on top of it.

Do I even need to review? (probably)

The payroll tax cut sucks so bad, why?

Because


wait for it


it heavily favored the rich over the poor (in spite of what the M$M would tell you about it).

http://journals.democraticunderground.com/hfojvt/160

12.1% of the payroll tax cut goes to those in the bottom 40%
26.7% of the payroll tax cut goes to those in the top 10%

Yes, Virginia, Santa Obama did give over twice as many presents to the top 10% than he did even to the bottom 40%.

And yes, it does increase inequality when you give $30 billion in tax cuts to the richest 10% and only $13.6 billion to the bottom 40%.

Math is funny that way.

Then there is ATRA, which you still tout as a tax INCREASE on the rich.

When in fact, it is a permanent tax CUT, with most of the benefits going towards the rich.
http://www.democraticunderground.com/10022130101

Over ten years that's

$2.4 trillion in tax cuts to the richest 20%, and
$111 billion in tax cuts to the poorest 20%

Yeah, that decreases in equality in the same way that the Laffer curve works - by not doing what it claims to do.

But that is cool.

According to the Obama administration, we have always been at war with Oceania.