2016 Postmortem

Octafish

(55,745 posts)

124. If you mean ''We'' as in 0.1-percent, not ''We the People.''

Tue Mar 8, 2016, 04:05 PM

Mar 2016

95% Of Income Gains Since 2009 Went To The Top 1% — Here's What That Really Means

by Josh Barro
Business Insider, Sept. 12, 2013

This month, Berkeley economics professor Emmanuel Saez put out an update to his estimates of income inequality, and the headline figure has everybody outraged: 95% of income gains since 2009 have accrued to the top 1%.

This is indeed outrageous, but not quite for the reason that most people think.

What the 95% statistic obscures is that the last three years' recovery haven't been very good for anybody, including the rich. They've been terrible for the bottom 99%, whose incomes are barely rising at all: just 0.1% per year in real terms. But top 1% incomes are also growing more slowly than they did in the last two economic expansions. That's because the same slack labor market that holds down wages also deprives businesses of the customer base they need to invest and grow.

Austerity has been a negative sum game. It's not enriching the rich at the expense of the masses. The masses are losing and nobody is winning.

The solution to this problem isn't a policy that's directly aimed at reducing inequality. What we need are policies that will lead to a tighter labor market and job creation...

CONTINUED...

http://www.businessinsider.com/95-of-income-gains-since-2009-went-to-the-top-1-heres-what-that-really-means-2013-9

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Highlight:

Hillary's Big Lie about Bernie: ''Came Through'' in Michigan [View all] Octafish Mar 2016 OP

Heads they win tails we lose Generic Other Mar 2016 #1

Bernie's side has a response going today... Octafish Mar 2016 #4

Too true! Hillary recently said to name something where she showed Dustlawyer Mar 2016 #67

Unfortunately, because of the "backfire effect" and affirmation, corrections just reinforce the lie drokhole Mar 2016 #115

Exactly, drokhole. Octafish Mar 2016 #116

Yep, a hit and run drokhole Mar 2016 #120

sickening beyond words yourpaljoey Mar 2016 #2

Slander is now statecraft. Octafish Mar 2016 #6

This is how Hillary loses Democrats. senz Mar 2016 #60

Hillary loses the Bernie/Warren wing with this type bs. peacebird Mar 2016 #153

"Tell the whole story!!" PeoViejo Mar 2016 #3

$700 Billion Bailout to the Banksters who STOLE the first $700 Billion Octafish Mar 2016 #9

The Fed filled up the hole in the books with Funny Money PeoViejo Mar 2016 #20

I gotta brag... Octafish Mar 2016 #25

Yup, I remember navarth Mar 2016 #47

I thank you, your research/memory is greatly appreciated. Vilis Veritas Mar 2016 #51

I'm not sure if it was you at the time... Oilwellian Mar 2016 #104

Octafish 90-percent Mar 2016 #106

We also heeded the warnings, bvar22 Mar 2016 #150

You are most welcome, Oilwellian. The credit goes to DUers... Octafish Mar 2016 #158

Thanks for your work on this, Octa pberq Mar 2016 #117

the entire story is simple Demsrule86 Mar 2016 #133

Hope Bernie's ad runs long and wide to counter her lying arse. nt nc4bo Mar 2016 #5

TRANSCRIPT... Octafish Mar 2016 #11

Thank you. Hope it helps get the truth out there. senz Mar 2016 #99

I have not hear the add Demsrule86 Mar 2016 #134

It's called a competitive nomination. randome Mar 2016 #7

When you LIBEL someone, you smear a person's reputation. Octafish Mar 2016 #10

HRC and her supporters have no scruples what-so-ever notadmblnd Mar 2016 #55

Right... having your record lied about right before a primary is "just politics" whatchamacallit Mar 2016 #13

Thin-skinned? Does she have to lie? What else is she lying about? Punkingal Mar 2016 #14

At this point, what isn't she lying about?? freebrew Mar 2016 #76

It's called lying her ass off about a truly progressive Senator. gcomeau Mar 2016 #52

No, it's called defamation. It's also illegal. "Thin skin" doesnt even enter the equation. Bubzer Mar 2016 #63

Funny how the Sanders campaign hasn't resorted to disinformation and deception. nt Coincidence Mar 2016 #101

right, except Bernie must be 'nice' to Clinton beedle Mar 2016 #122

There is hyperbole and unwarranted accusations on both sides. randome Mar 2016 #127

Tu quoque fallacy. longship Mar 2016 #143

^THIS^ bvar22 Mar 2016 #152

The "Let Me Talk" controversy was just more Clinton bull shit. Motown_Johnny Mar 2016 #168

when a candidate is so weak on their own issues restorefreedom Mar 2016 #8

Demonstrates a shocking lack of vision. Octafish Mar 2016 #15

and clearly they want to lose the ge restorefreedom Mar 2016 #17

If that happens, it's ''Goodnight, Democracy.'' Octafish Mar 2016 #22

tptb are ok with all of that restorefreedom Mar 2016 #130

She is being pushed by the MSM because she WILL lose in the GE. vintx Mar 2016 #27

Or if not a GOP win, she would be their next best option. nt Snotcicles Mar 2016 #54

they were fine with "hillary or gop" restorefreedom Mar 2016 #132

He did vote against the final bill Demsrule86 Mar 2016 #12

Ford Motor Company didn't take a dime from Uncle Sam. Octafish Mar 2016 #16

I am very familiar with autos Demsrule86 Mar 2016 #24

Ford took a government loan? Octafish Mar 2016 #28

Ford Motor Co. does u-turn on bailouts. Historic NY Mar 2016 #49

From your link: Octafish Mar 2016 #58

Go on read the rest.....................they took 5.9 billion. Historic NY Mar 2016 #62

Not really. Mulally got shown the door for borrowing $5.9 billion AFTER the bailout package. Octafish Mar 2016 #69

Funny how for a company that didn't borrow still owes money.... Historic NY Mar 2016 #93

That reminds me of what TARP's Inspector General said. Octafish Mar 2016 #98

After Big Bankers, Corporation ruined by NAFTA were next to be forced to take the money. DhhD Mar 2016 #111

Perhaps I was not clear Demsrule86 Mar 2016 #129

We all know this issue is way more complicated than Hillary is letting on gollygee Mar 2016 #18

Great OP, gollygee! Bernie reminds me more and more of JFK. Octafish Mar 2016 #31

In one of the earliest debates... CdnExtraNational Mar 2016 #61

This message was self-deleted by its author BlueIdaho Mar 2016 #72

In 1974 Call to Abolish CIA, Sanders Followed in Footsteps of JFK, Truman Octafish Mar 2016 #155

Golly, we all know this issue is way more complicated than Bernie is letting on. nt Nitram Mar 2016 #75

"Today the auto industry is thriving and millions of people have jobs who could have lost them... awake Mar 2016 #19

'Jobs that have been moved out of Michigan' Exactly! nt Live and Learn Mar 2016 #30

Former Michigan Gov. John Engler ''served'' as head of the National Association of Manufacturers. Octafish Mar 2016 #123

I won't vote for a liar NowSam Mar 2016 #21

That's how I felt in 1992. Octafish Mar 2016 #70

Par for the course for Hill the Shill. vintx Mar 2016 #23

Seriously Demsrule86 Mar 2016 #26

Brock? The guy who said ''I kill liberals for living''? Octafish Mar 2016 #35

She's not a liberal nor a progressive. vintx Mar 2016 #36

I scream "but SCOTUS!" in support of Bernie. senz Mar 2016 #50

Legislation is frequently packaged to twist the arms of legislators HereSince1628 Mar 2016 #29

Michigan used to have one of the best public school systems in the country. Octafish Mar 2016 #33

I'm not sure knowledge of that is only to be acquired in formal education HereSince1628 Mar 2016 #39

A largely corrupt news media put the people of Michigan even more at a disadvantage. Octafish Mar 2016 #89

It's such a shame the teevees don't work good up there in Mishugun kcr Mar 2016 #154

I remember that too. navarth Mar 2016 #73

Fact is, we are in a better position now because of the bailout. We might hate the banks, but at Hoyt Mar 2016 #32

If you mean ''We'' as in 0.1-percent, not ''We the People.'' Octafish Mar 2016 #124

No a financial melt down would have left everyone screwed, just that some folks are too obtuse Hoyt Mar 2016 #125

Millions got tossed from their homes to foam the runway for the banks. Octafish Mar 2016 #128

Having a hard time understanding, are you saying homeowners should have been evicted immediately. Hoyt Mar 2016 #137

No. MILLIONS of Homeowners were sacrificed for the crooked Banks and Banksters. Octafish Mar 2016 #140

So, rather than forstalling foreclosure, would you have been happier if they were forced out of Hoyt Mar 2016 #142

Bernie voted against the final bill redstateblues Mar 2016 #34

Not quite. Octafish Mar 2016 #126

He did not vote for the version that passed. n/t Lucinda Mar 2016 #141

This is what being "inflexible" gets you. NurseJackie Mar 2016 #37

To the unprincipled, all ethics look "inflexible." senz Mar 2016 #40

+1 BeanMusical Mar 2016 #44

The same is true of totalitarian dictators. Nitram Mar 2016 #78

Oh is that why Hillary is all "rah rah" for trade agreements? senz Mar 2016 #94

On the contrary, Senz, I know that Hillary Clinton has always deeply cared about... Nitram Mar 2016 #97

NAFTA? TPP? Wall Steet? "Welfare Reform?" senz Mar 2016 #105

+1000 stonecutter357 Mar 2016 #41

Damn Ghandi and his inflexibility... Helen Borg Mar 2016 #43

Question Thespian2 Mar 2016 #38

Brown Brothers Harriman Octafish Mar 2016 #121

Thanks... Thespian2 Mar 2016 #138

That's the only way Hillary can win - by lying. Jarqui Mar 2016 #42

Stop the smears. Bernie voted against the bill that bailed out redstateblues Mar 2016 #45

It's not a smear. A smear is a false accusation. Jarqui Mar 2016 #113

Logical, valid conclusion, Jarqui. senz Mar 2016 #57

Problem is Robbins Mar 2016 #96

Politics is ugly. This is flat out deceptive! EndElectoral Mar 2016 #46

Hillary was merely pointing out Sanders' reality vs. idealism problem. Trust Buster Mar 2016 #48

This is inaccurate EndElectoral Mar 2016 #81

You ignore the fact that, without TARP, credit would have remained frozen. Trust Buster Mar 2016 #114

It was the correct vote. Coincidence Mar 2016 #108

and she is hoping folks won't remember this and join her ranks in the Fall? Really? tomm2thumbs Mar 2016 #53

Exactly. She's cooking her own goose senz Mar 2016 #74

Not a lot of difference Old Codger Mar 2016 #56

I get tired of hearing Hillary supporters compare Hillary being called out on her lies to liberal_at_heart Mar 2016 #59

They don't appear to know the difference between truth and falsehood. senz Mar 2016 #66

Bernie certainly sets the bar very high. It's not often you see a politician with his integrity. liberal_at_heart Mar 2016 #68

Her trustworthy numbers are so poor amongst Democrats! CdnExtraNational Mar 2016 #64

Integrity does not have a middle ground. Octafish Mar 2016 #151

Bill passed NAFTA and deregulation of banking Geronimoe Mar 2016 #65

Karl Rove would be proud. CdnExtraNational Mar 2016 #71

The worst of this is that she doesn't need to do it, she will win flamingdem Mar 2016 #77

What I find most appalling is CNN ran with it and didn't even fact check it. bobbobbins01 Mar 2016 #79

My vote is for Sanders, but Hillary's statement isn't a lie. nt. bhikkhu Mar 2016 #80

It's just a half truth right? So much better. liberal_at_heart Mar 2016 #82

Afraid it is. EndElectoral Mar 2016 #83

Nevertheless, Hillary voted "yes" on the bill that saved the auto industry bhikkhu Mar 2016 #157

Did she vote for the stand alone Auto Bailout bill? Waiting For Everyman Mar 2016 #84

This message was self-deleted by its author ljm2002 Mar 2016 #107

The lickspittle defense of Hillary just amazes me. PeoViejo Mar 2016 #85

Just like Downton Abbey, except there are no chauffeurs marrying into the family. Octafish Mar 2016 #139

It was NOT a big lie. Bernie did not vote for TARP. Jitter65 Mar 2016 #86

That is her biggest lie yet. God help us. Please Michigan do jwirr Mar 2016 #87

The great DUer Peregrine Took called it the Willie Horton ad of 2016 Octafish Mar 2016 #95

Fortunately we seem to have a group of millennials that are jwirr Mar 2016 #112

Remember what a pathological liar Bush was? Zorra Mar 2016 #88

She was correct, and it's been all over how she was correct. George II Mar 2016 #90

If any of that was true, why the need to smear him across Michigan the day before the Primary? Octafish Mar 2016 #144

What "smear"? George II Mar 2016 #146

Hillary's Big Lie about Bernie: ''Came Through'' in Michigan Octafish Mar 2016 #147

A Sanders radio ad is a Clinton smear of him? George II Mar 2016 #148

No. Hillary misrepresented what he said. Octafish Mar 2016 #149

Her Iraq vote SHRED Mar 2016 #164

Why should we expect more from a corrupt liar? demwing Mar 2016 #91

disgusting & vile; only consolation is realization she will never get elected in the GE amborin Mar 2016 #92

That's a Clinton for ya... SoapBox Mar 2016 #100

So very convincing... dchill Mar 2016 #102

They sell out better than anybody, don't they? MrMickeysMom Mar 2016 #103

It's all good. They can correct the record tomorrow. 6chars Mar 2016 #109

Thank you for this thread, Octafish. seafan Mar 2016 #110

You are most welcome, my Friend. Octafish Mar 2016 #159

Bernie asuhornets Mar 2016 #118

Bernie Sanders demanded an AUDIT of the TARP... Octafish Mar 2016 #119

Clinton accused him of opposing the auto bailout (LIAR); he voted for it in a stand-alone bill AtomicKitten Mar 2016 #131

That is not correct. Demsrule86 Mar 2016 #135

It is absolutely correct, the whole truth & not a twisted version for political gain. AtomicKitten Mar 2016 #136

K and R FlatBaroque Mar 2016 #145

Kickin' & a Recken' 2banon Mar 2016 #156

Clinton proved she is a typical slimeball politician, very much like a republican. tabasco Mar 2016 #160

Yeah...Flint is doing real well SHRED Mar 2016 #161

The Clinton's NAFTA nuked Michigan SHRED Mar 2016 #162

Gonna backfire in Ohio. Motown_Johnny Mar 2016 #163

"Plenty of time to beat her over the head with it before then." SMC22307 Mar 2016 #165

NAFTA & TPP Octafish Mar 2016 #167

Poetic justice. pablo_marmol Mar 2016 #166