Obama Tilts Playing Field To One Percent

 

 

” Barack Obama has won two presidential elections promising that he had the best policies to make the U.S. economy work — not just for the wealthy, but also for the middle class and poor. So how is it that his presidency has seen unprecedented erosion in both American household income and the gap between rich and poor?

Consider the president’s visit with San Francisco billionaire hedge-fund manager and green activist Thomas Steyer this April.

Steyer is a staunch opponent of the Keystone XL Pipeline which, despite its promises of 20,000 jobs, he considers to be threat to global climate change. Thanks in part to swanky fundraisers in Steyer’s estate overlooking the Golden Gate Bridge, One Percent greens have gotten their way at the expense of 99 Percenters from union workers to Michigan valve makers.

A Gallup poll of 600 small companies under $20 million this summer found 41 percent have frozen hiring due to the president’s signature achievement, Obamacare. But Big Hospital and Big Pharma, with their armies of government lobbyists, have thrived with hospitals due to reap $2 billion in Michigan alone from Obamacare’s Medicaid expansion.

In the energy sector, thousands of coal miners have lost their jobs as the Obama administration has waged a War on Carbon. In favoring green alternatives, the administration has showered wealthy pals like Tesla CEO Elon Musk and Fisker Automotive investors with hundreds of millions in taxpayer loans. And for the well-to-do buyers of their Obama-preferred, $100,000 chariots? They get a further $7,500 taxpayer subsidy. “

 

 

 

 

 

 

 

 

 

 

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