• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Advertising
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Politics

Liberal Legacy to Our Kids: Low Incomes, High Inequality

Liberal Legacy to Our Kids: Low Incomes, High Inequality
N&V Staff
April 9, 2015

Ron Knecht(Ron Knecht) – For the sixth straight year, the early months happy talk about real economic recovery having finally arrived is yielding to the reality that statist liberal economic policies have saddled us indefinitely with slow economic growth.

And now we can add: plus increasing income inequality.

Beginning in 2010, after the Great Recession, the Democrats, liberals and progressives and their mainstream media amen corner have annually trumpeted economic green shoots heralding at long last a robust recovery.  This year they were particularly on about falling unemployment and Federal Reserve Board interest rate plans.

Late last month the Fed backed off its bullish outlook, and the interest rate increases they’re holding for a real recovery may be delayed quite a while.  Last week, the first reports on March payroll growth showed a precipitous drop from previous months, and the estimates for the prior two months were also revised significantly downward. So, jobs data finally joined gauges of consumer spending, capital investment and manufacturing output indicating continued slow growth during a post-recession period that should see a boom.

As in the past five years, the libs promptly claimed the slowdown is temporary and not indicative of the real underlying strength of the economy.  This time, the growing strength of the dollar against other currencies, which dampens export sales, was added to the standard excuses about the weather and economic weakness around the world. Of course, they ignore the fact that growth has gotten a one-time boost from recent gasoline price cuts.

And they ignore the fact that a big reason for the last year’s fall in unemployment rates is that so many people have dropped out of the job markets that labor-force participation is down to its lowest level since 1978.
President Barack Obama and other statists, progressives and liberals keep claiming that they, unlike limited-government conservatives, care about the middle class, working folks and the poor. And the lamestream media dutifully treat their policies as the solutions to these problems that they falsely blame on market failures.

But it is their policies that have caused the indefinite slowdown that harms the poor, working and middle classes, and holds a grim future for our children.  This includes all-time record government spending, taxing and debt levels, plus a regulatory state running amok – all the culmination of a blowout in recent years on top of increasing burdens from all these factors for over half a century.

Further, middle- and lower-class incomes have stalled while those of upper-income folks have risen rapidly.  In fact, 95percent of the income gains during President Obama’s first term went to the richest one percent of the population, while incomes declined for the bottom 93 percent.

The libs claim the inequality really isn’t that bad if we consider the changing age structure of the population in recent decades.  But that claim also applied during the George W. Bush administration, and they didn’t raise it then.

The key point is that statist policies, whether promoted by Obama or Bush, let the cronyists (who are more statist than capitalist) milk the political allocation of resources, while shorting those of us who depend on market competition and economic growth.  Limited government and market competition benefit the rest of us, not the one-percenters.

So, thank your liberal friends for reduced incomes due to slow growth.  And for increased inequality, including unemployment, especially with their minimum-wage increases, and record-high poverty and food-stamp usage rates.

Meanwhile, China, Vietnam and India have moved to greater market freedom and less government control, reaping increased growth and human wellbeing.  But Obama courts the Castro brothers, whose extreme left-wing statism has devastated Cuba.

 

Ron Knecht is Nevada State Controller.

Prev postNext post

Related Items
Politics
April 9, 2015
N&V Staff

Related Items

More in Politics

Lombardo: My Promise to Nevadans

N&V StaffNovember 4, 2022
Read More

Question 1 on Nevada Ballot is Not What It Seems

N&V StaffNovember 1, 2022
Read More

Some Cheerful News on Flat Rate Taxes

N&V StaffOctober 21, 2022
Read More

Viguerie: If We Stand Up for Parents’ Rights Now, We Will Win!

N&V StaffOctober 7, 2022
Read More

Our Cops Have Had to Pay for This

N&V StaffOctober 5, 2022
Read More

Help a Sheriff Fire a Corrupt Governor?

N&V StaffOctober 4, 2022
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Opinion Government Muth’s Truths Obama Ron Knecht News Donald Trump GOP Republicans

Copyright © 2022 Citizen Outreach | Maintained by VirtualAlly

Obama a Bad Affirmative Action Hire…Don’t make the same Mistake Twice
Goofs and Goons Law Way Overdue