Obama: robbing from the poor to give to the super-rich

Further to my post on Is it really that hard to understand that unproductive public spending lowers productivity? there is now this: Obama Instituted the ‘Greatest Transfer of Wealth in History’ to the 1%. Here are the statements made in large print.

“During [The Great Fleecing], the greatest transfer of wealth in the history of the world occurred. Some $4.5 trillion was given to Wall Street banks through its Quantitative Easing program, with the American people picking up the IOU.”

“the Obama administration is the first two-term presidency that has not posted a 3% GDP growth on an annualized basis for 8 years. Even Franklin Delano Roosevelt posted 3% growth year during the Great Depression.”

The gap between rich and poor has widened more under Obama than under any other president.

You can read the whole thing at the link. Why anyone believes that Democrats are for the poor and the hard working is anyone’s guess but is in no way built on the facts.

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