By Alan Caruba
As the liberal disaster called Obamacare unfolds, President Barack Obama is already embarked on his next Big Lie: income inequality.
What Obama is talking about is socialism/communism when he claims that income inequality must be altered by more government intrusion into our lives and his claims are false. He said that “a dangerous and growing inequality and lack of upward mobility” is “the defining challenge of our time”.
His objective is to further divide Americans by promising what government cannot and should not deliver.
In a Wall Street Journal opinion commentary by Robert A. Grady he cites a 2011 study by Lee Ohanian and Kip Hagopian, “The Mismeasure of Inequality”, that concluded that “inequality actually declined 1.8% during the 16-year period between 1993 and 2009.” According to studies by the U.S. Treasury, the capitalist system in America, providing mobility (up or down), found that “considerable income mobility” in the decades 1987-1996 and 1996-2005, found that approximately half of those in the bottom income quintile in 1996 had moved to a higher quintile by 2005. They were decades, the 1980s and 1990s, in which the vast majority of Americans gained higher incomes.
In the past four and a half years since the recession officially ended, poor people and the middle class were hurt the most and opportunity slowed. Under Obama millions of Americans are out of work and dependent on government programs such as food stamps and unemployment compensation.
The inequality that Obama cites is the direct result of the failure of his economic programs as well as a dramatic surge in federal regulations that harm economic growth.
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