WASHINGTON (AP) --
Four out of 5 U.S.
adults struggle with joblessness, near-poverty or reliance on welfare for at
least parts of their lives, a sign of deteriorating economic security and an
elusive American dream.
Survey data
exclusive to The Associated Press points to an increasingly globalized U.S. economy,
the widening gap between rich and poor, and the loss of good-paying
manufacturing jobs as reasons for the trend.
The findings come as
President Barack Obama tries to renew his administration's emphasis on the
economy, saying in recent speeches that his highest priority is to
"rebuild ladders of opportunity" and reverse income inequality.
Editor’s notes:
Understand this – the only way H Obama can reverse income inequality or
rebuild ladders of opportunity is to
a) significantly cut taxes on those who
supply or create jobs, long term cuts based on hiring and sustained increases in employed personnel,
b) cut
the massive cost of regulations due to thousands of new regulations added each
and every year,
c) effectively deal with the rising cost of health care, and,
finally,
d) get rid of those penalties in
ObamaCare that encourage part-time hiring practices.
While there is
little new in my suggestions, Obama is
opposed to any of these solutions because they limit what he hopes to create in
terms of social benefit programs. “Ladders
of opportunity” is a concept that has
little definition in the mind of Obama and has more to do with engineered (government supplied) income equality than it does opportunities for work related improvement.
But he has to B.S.
his way through the next 3 years, and, cheap talk is his only available avenue. It keeps him “busy” as he “engages the
American people,” but will have little to show for the time and money spent running around the country rather than engaging party
leadership in Washington .
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