This blog posting is a great follow-up to the President’s Fifth State of the Union Speech of last night on January 29, 2014. Whatever planet Obama thinks he is President of, is not of this earth.
Obamanomics: Missing the Obvious
AVIK ROY: On Inequality, Obama Fails His Own Test.
During President Barack Obama’s 2014 State of the Union address on Tuesday night, one section stood out. “After four years of economic growth,” said the president, “corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled.” But Obama left unstated the most important point of all: Under his watch and thanks to his policies, those at the bottom of the ladder face fewer and fewer opportunities to get ahead. Worse still, most of the policies he proposed during his address would make social and economic mobility even harder.
“Texas ranked 10th nationwide in a measure of states with the lowest costs of living. That is because the state has a predictable and relatively light regulatory…
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