Top DC Obama donor to Democrats: Stop the class warfare
Original post made by jimf01 on Jul 12, 2012
"What I get concerned about is the message from the Obama campaign that we only want someone who has not been successful to run for president. What do we want here? You can't be successful and run the country? We don't want somebody who has been successful to run it? That doesn't make sense," Peebles said.
Peebles is one of the latest in a line of Obama supporters who have opposed the Democrats on this point. Comedian Jon Lovitz said it, originally as a bit in a comedy routine. But when he was criticized by the left, he repeated the message, making a serious point on CNN: "I believed in him, I agreed with everything he was saying when he ran for president, I was listening to what he said, I thought this guy thinks like me and I agree with him. And now he's changing. This whole idea of this 1 percent versus the 99 percent, it's a false statistic,' said Lovitz, adding that Obama was 'creating a false class warfare' with his policies and rhetoric. "
A false statistic, indeed, as a study National Tax Journal from researchers at Cornell University has shown. Yes, the very rich did exceptionally well, mostly due to technology and globalization. Incomes rose 63% for the top 5%, 56% for the top 10% and 52.6% for the top 20%. But everyone else made out pretty well, too. Incomes rose 40.4% for households between the 60th and 80th percentiles, 36.9% for the next quintile, 25.0% for the next, and 26.4% for the bottom 20%. There's the "shared prosperity" Obama says he wants, right in front of his eyes. (Indeed, the study finds, income inequality has actually been shrinking since 1989, with the Gini index falling to 0.362 from 0.372.) Web Link
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