we've got a shared with you there before the decree uh... statistical analysis of
the members of the manuals the sciences look down he's an economist and uh...
you look at the numbers from the i_r_s_ and showed that day you don't
underpowered
earlier at recessions and then economic growth after those are sessions
of the top one percent would get uh... a lot of the
the res the resulting benefits as we balance back from those recessions and
we should be designed this before the show to you again
under the clinton expansion after the recession
the top one percent and you can see on the right-hand column there
at forty five percent of the benefit that's a lot for the top one percent
but it's only gotten worse you see on the bush expansion
uh... they got sixty five percent
but not so uncertain about this in a good camels makes a great one
and he judo circles this evening see clearer
under or bombers recovery
the top one percent actually got ninety three percent
of the benefits
so economic inequality has only gotten worse under the old bomb administration
now why is that
now it's not that president bomb was proposing
you know right wing economic proposals that are even more to connie in the
bushes no bushes were
more right wing
okay but not by a lot so for example
uh... you know president bomb on forcefully goes along and and and and
actually pushes for all these things that do lead to income inequality for
example their new free trade deals now right with columbia south korea and now
they want expanded to almost all of asia uh... uh... this south korean portion of
it
but you know you can make an argument four that you give me an argument
against that the above the one point you cannot justify it
is a free trade deal with pam
we talk about this before the economic benefits are nearly nothing date
but the reason they've included that is because pamela
is a great offshore tax even
for american corporations so-called american corporations lubricate
heat their money in places like the cayman islands and panama
s ajay gift for tax evasion for corporations now plus taxes they pay
more taxes we pay the more benefit that goes to the rich
the more that middle-class s the supper
so why would president obama signed uh...
well it's because he actually
i mean if you look at the cat
combination of all these things he seems to agree with it feels assignment jobs
at and matt points out all this things
and jobs act as we've explained on the show before is that open invitation to
fraud almost every regulated that is walk worked in government be forces all
my gotta why have they done this
so for example after you go public with a stock into depends on the how much the
company is worth
you might not have to report
your internal accounting for upto
five years
what they're saying go hand do fraud for five years that every company is going
to do it wedding if your company that
or in our person was somewhat fraudulent company
it gives you five years to run the skin
it has no upside no
you know they say he creates jobs but no it makes the markets more uncertain
it might actually kill jobs
this who's in and that's when they think i don't know the company's fraudulent or
not
again there was a republican proposal of president bombing enthusiastically
signed it and then now finally you know he calmed down in the bed
an executive order that that would plead to campaign spending disclosures
for government contractors
why would you be against that should we find out of government contractors
are giving money to our politicians
and thereby doom crony capitalism
president all my life pretending to be progressive in that case
again is says no i'm gonna go the right wing position on nyc assignments and
work adhesive three examples the solar gives
but he knew that was examples as we have on the show
part of the answer is president all bomber has been fairly right wing in his
proposals in this legislation
but not his right wing is uh...
that president bush
eight i've talked about this in the context of civil liberties and how
unfortunately
present all mama is not as bad as president bush has is not going to
torture at center but he has put a stamp of approval on the bush policies and
that has led
uh... two big problems in that
so i want to have something to mass the lawyers at p space on something you said
isn't training me ok got it you know this is he's doing the same thing in an
economic rome they needed a civil liberties
so let me show you this spectrum right basically i don't want to temp firm
far-left far-right president bush is proposals
were all the way that attack
these are the nomic proposals that are really right wing
but the democrats would fight allot if item enough so that need
get that down to about a six on that spectrum
so the bush results wind up there now they're right wing
it's bad right democrats and one of them into a fight
but at least a plot of a little bit for example in a letter privatize of spirit
now with president baba
this proposals
are not as right wing as president bush is so they're about their their badan
eight on that spectrum
and i tell you why they're still pretty far right for all the reasons i just
list
since he's a democrat the democrats don't find it uh... they're pick he's
their president
so the whole bomber results
are the same place that his proposals for
there about an eight
so and then
you see that obon those results
oftentimes on every time but oftentimes
windup
being more right wing than president obama's that's why
one of the many reasons why
economic inequality under president or bombers actually been worse than under
bush
because democrats are under they don't fight
and so we have proposals that are way way right wing
and you know on proposals that president mama claims he fights for things like
the bush tax cuts what happened
well those uh... he gave up on
you know
compromise on issues that were so easy like unemployment which they could have
usually one that political battle of the
at nuclear defense treaty which there were published or in favor of
these are fake compromises and then
the rich got to keep the bush tax cuts
that's why were you know always enemy
and president while missus no don't worry reelect me and i might go to sam
it's not really very good reason
and uh... and you see how we wind up in the right wing position that we ran in
all of these uh... feels the and in this case with economic inequality