Home > Notable Peace News > If Obama Were a White Republican, He’d Be a Conservative Hero | OpEdNews

If Obama Were a White Republican, He’d Be a Conservative Hero | OpEdNews

If Ronald Reagan were alive today, he would be one of Barack Obama’s biggest fans. In the six years he’s been president, Obama has managed to turn our country’s economy, at its worst point since the Great Depression, into one booming along with the greatest quarterly GDP growth in 11 years. The Dow Jones closed above 18,000 this week — the highest ever. And yet, despite an apparently surging economy, 95 percent of income gains since 2009 have gone to the richest 1 percent. Not even Ronald Reagan’s economic policies created inequality on that scale.

Since his first inauguration, President Obama has masterfully steered the benefits of the recovery to only the wealthy, while the net worth of average working Americans has dropped by 40 percent since before the recession. Today’s middle class is actually poorer than it was in 1989, when Reagan left the White House. Even though the most recent unemployment rate is 5.8 percent, most of the new jobs that have been created since the recession have been in low-paying sectors, like retail and fast food. The current federal minimum wage of $7.25 an hour, which most workers in those industries earn, has less buying power than the minimum wage in 1968.

via Article: If Obama Were a White Republican, He’d Be a Conservative Hero | OpEdNews.

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