With splendid “Who, me?” innocence, President Obama declared on April 16:
The good news is our economy is growing again, our businesses are creating jobs…
Here’s the challenge, and a lot of folks here know it. A lot of people don’t feel that progress in their own lives yet. So, the stock market’s doing great. Corporate profits are soaring. Folks at the very, very top are doing better than ever. But too many Americans, if they’re lucky enough to have a job, are working harder and harder just to get by, much less to get ahead.
For too many middle class Americans, it feels as if the same trends that have been going on for decades are continuing. They’re working hard, but wages flatline, incomes flatline, cost of everything else going up.
(For video – and hat tip to Peter Schiff – click here.)
As I mention often (in GP categories such as Economy or Occupy Wall Street), President Obama’s own policies are the cause of the rising inequality, stagnation and poor employment, inflation and rising costs that he decries.
The way he denounces the economy, you’d never know he’s been President for five and a half years.