[Jul 2016]: The incomes of the 1 percent grew 37 percent between 2009 and 2015. They captured more than half of all the income growth in the country over that period, leaving just 48 percent to spread out among the bottom 99 percent of families. The top 10 percent of American earners took home more than half of all income last year, the highest share ever except for 2012.
And in fact, income inequality is now at the highest level the country has ever recorded in its entire history. -Bryce Covert
In 1968, government transfer payments totaled $53 billion or roughly 7% of personal income. By 2014, these had climbed to $2.5 trillion—about 17% of personal income. Despite the redistribution of a sixth of all income, inequality measured by all three of the Census Bureau’s indexes is far higher today than in 1968. -Lawrence Lindsey
But not so long ago, the left's big bugbear was poverty, not inequality. Then a funny thing happened: The left had to de-emphasize poverty because, as measured by the World Bank and others, absolute poverty is disappearing fast, thanks to capitalism and the collapse of communism.
That's right. Capitalism — not big government — is killing poverty. -Terry Jones, IBD
We do appreciate your expertise on the subject of sad, miserable failures.
She No Longer Even Feels the Need to
Pay Attention to the Republican Nominee
Hillary Clinton is so far ahead of Donald Trump in the race for the presidency that she no longer even feels the need to pay attention to the Republican nominee.
Buoyed by a double digit lead in some national polls, Mrs Clinton has said she is now looking past Mr Trump entirely, and will no longer counter allegations made by her rival.
Progressivism Is Failure Writ Large
Liberal, Tax, Government, Incompetence, Waste, Regulation
San Francisco's much-heralded "social justice" requirements for city contracts are costing local taxpayers millions of dollars a year in overcharges, according to workers in departments ranging from the Municipal Transportation Agency to the Department of Emergency Management.
In one case, a Muni worker said the city paid $3,000 for a vehicle battery tray. Such parts can be found online for $12 to $300, depending on the type of vehicle.
Government: Is It Ever Big Enough?
“When was the last time you heard a liberal politician say, ‘Yeah, we solved that social ill?'”
Democrat, Liberal, Government, Incompetence, Financial, Economy, Debt
WASHINGTON – The soaring national debt has reached a symbolic tipping point: It's now as big as the entire U.S. economy. The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion. That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, the latest estimate.
Editorial, Liberal, Tax, Incompetence, Oops, Regulation
“Texas easily clinched the No. 1 rank, the eighth successive time it has done so,” the report said. “California earns the dubious honor of being ranked dead last for the eighth consecutive year.” California “appears to slip deeper into the ninth circle of business hell,” the report said. “Each year, the evidence that businesses are leaving California or avoid locating there because of the high cost of doing business due to excessive state taxes and stringent regulations, grows.”
There Are Three Kinds of Men
Psst... Liberals - you're third on the list.
Editorial, Liberal, Incompetence, Funny, Oops, Media
Founded in 2005 by Al Gore, Current TV quickly made a name for itself as a go-to source for environmental incoherence, Democrat lunacy, and far-left diatribes. If providing an outlet for liberal kooks was the goal, it succeeded admirably. However, if it was trying to attract viewers, well, it's had some difficulty. Now, it's up for sale. -Robert Laurie
STAGE 1. THE "CRISIS": Some situation exists, whose negative aspects the anointed propose to eliminate. Such a situation is routinely characterized as a "crisis," even though all human situations have negative aspects, and even though evidence is seldom asked or given to show how the situation at hand is either uniquely bad or threatening to get worse. Sometimes the situation described as a "crisis" has in fact already been getting better for years.
STAGE 2. THE "SOLUTION": Policies to end the "crisis" are advocated by the anointed, who say that these policies will lead to beneficial result A. Critics say that these policies will lead to detrimental result Z. The anointed dismiss these latter claims as absurd and "simplistic," if not dishonest.
STAGE 4. THE RESPONSE: Those who attribute detrimental result Z to the policies instituted, are dismissed as "simplistic" for ignoring the "complexities" involved, as "many factors" went into determining the outcome. The burden of proof is put on the critics to demonstrate to a certainty that these policies alone were the only possible cause of the worsening that occurred. No burden of proof whatever is put on those who had so confidently predicted improvement. Indeed, it is often asserted that things would have been even worse, were it not for the wonderful programs that mitigated the inevitable damage from other factors.
Indeed, the five states with the highest out-migration have Democratic governors, while the five states attracting the most new taxpayers are run by GOP governors. -New York Post Editorial Board, September 8, 2015
Hypocrisy, Editorial, Liberal, Hate, Violence, Degeneracy, Sexism
Because the GA [General Aseembly] had no way to reject force, over time it fell to force. Proposals won by intimidation; bullies carried the day. What began as a way to let people reform and remake themselves had no mechanism for dealing with them when they didn’t. It had no way to deal with parasites and predators. It became a diseased process, pushing out the weak and quiet it had meant to enfranchise until it finally collapsed when nothing was left but predators trying to rip out each other’s throats. By the time I returned to NY from visiting the camp in DC, exhausted with the pain of six evictions, the NYC GA was a place where women were threatened with beatings, and street kids with calls to the police... It was the tiny, brutal, and bitter politics of failed people. -Quinn Norton's Eulogy for #Occupy
Liberal, Incompetence, Financial, Funny, Oops, Press
After purchasing the Boston Globe in 1993 for a then-record $1.1 billion, the financially troubled New York Times just announced it sold the 141 year-old paper to Boston Red Sox owner John Henry for a mere $70 million. That's a straight 93% loss. Figuring in two decades of inflation would only make it worse -- as does the fact the Times retains the Globe's pension liabilities, estimated at over $100 million.
Democrat, Liberal, Incompetence, Obama, Oops, Jobs
Black unemployment, which at the end of the Bush administration broke a decades-long pattern of being twice white unemployment, has resumed its disturbing and prolonged trend under President Obama, with the rate among African Americans now at 13.4 percent, according to a new Pew Research report.
Democrat, Liberal, Incompetence, Obama, Oops, Economy
Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve. The Fed data covered the years 2010-2013, during which period Mr. Obama constantly campaigned against income inequality and won re-election by painting his Republican rival as a tool of Wall Street plutocrats.
A clear majority of Americans describe President Obama's tenure as a "failure" according to a new poll released Monday. The survey from IBD/TIPP indicates that 53 percent of adults in the United States now characterize Obama's presidency as a "failure"... -Justin Sink
Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy
[Dec 2015]: The nation's middle class, long a pillar of the American economy, has shrunk to the point where it no longer constitutes the majority of the adult population, according to a new major study.
Rapid growth of upper-income households, coupled with an increase in less-educated, low earners, has driven the decline of the middle-income population to a hair below 50% of the total this year, the Pew Research Center reported Wednesday.
Center of the American Experiment:
Democrat, Liberal, Election, Financial, Oops
Hillary Clinton and her supporters spent a record $1.2 billion for her losing presidential campaign — twice as much as the winner, Donald Trump, according to the latest records... Clinton’s expensive machine tore through $131.8 million in just the final weeks, finishing with about $839,000 on hand as of Nov. 28.
The great advantage of being a liberal/progressive in America is that you are always judged on your intentions (or stated intentions) and not on results. -Mona Charen
Collectivism violates the iron laws of human nature. It has always failed. It is always failing, and it will always fail. -Jerry Bowyer