By Tom Quiner
Barack Obama will most likely be re-elected to the presidency.
Are his unfavorable ratings in the tank?
Yes. A whopping 49% disapprove of the job the president is doing. Only 44% approve.
Is the economy in the tank? Is unemployment abysmal? Have incomes dropped?
Yes. Yes. Yes.
And yet the electorate prefers Democrats over Republicans 44% to 41%.
Think about it. Democrats have controlled the levers of power for years. They took over Congress in 2006. They took over the White House in 2008. They still control the Senate after a rocky midterm election in 2010.
With overwhelming power, they have made an absolute mess of our country. Their legislations, their Executive Orders, and their Czars have not repaired our country, they have made it worse. And yet the country still prefers them.
Because more people blame Wall Street for our problems than government.
Republicans are the party of business.
Democrats are the party of government.
Democrats have overwhelming support from the Mainstream Media (MSM) who spread the Occupy Wall Street message that the “one percent” are the problem, that the one percent have somehow taken wealth from the middle class and stuffed their own pockets.
Class envy is not only alive and well with Democrats, that is the only weapon they have to retain power. They surely can’t run on their record.
Here is what the president says:
” … over the past three decades, the middle class has lost ground while the wealthiest few have become even wealthier. In fact, the average income for the top one percent of Americans has risen almost seven times faster than the income of the average middle class family. “
The MSM faithfully reports the president’s class warfare propaganda with little scrutiny. Much of the public accepts it at face value. Those who look a little deeper discover that the share of the wealth held by the top 1% was …
38.12% when Woodrow Wilson was president.
40.29% early in Franklin Roosevelt’s presidency
25.27% by 1940
25.25% when Kennedy was president.
22.86% when Nixon was president.
22.35% when Reagan was president.
20.86% when Bush I was president.
20.79% when Bush II was president.
Have you detected a trend? The reviled one percent have a shrinking chunk of the nation’s wealth according to the NBER study, Top Wealth Shares in the United States, 1916-2000: Evidence from Estate Tax Returns, by Wojciech Kopczuk and Emmanuel Saez. The chart below dispels the myth:
The Top 1% Wealth Share in the United States, 1916-2000
There’s another myth the party of government spreads with the support of the MSM: that our government spending crisis is the result of the “Bush Wars.” A quick glance at the chart below, prepared by the government’s Bureau of Economic Analysis, quickly reveals the true story:
Please note that this chart displays non-defense spending. Note also how the graph began to trend downward when Newt Gingrich became Speaker in 1995 and federal spending was reined in.
In August, the president said:
“Last week, we reached an agreement that will make historic cuts to defense and domestic spending. But there’s not much further we can cut in either of those categories.”
Do you really believe there’s not much more that can be cut in light of the chart above which reveals how the party of government ratcheted up non-defense spending faster than you can say Obamacare?
Republicans win the election if voters understand the information above.
They lose if they don’t.
Class envy is a powerful weapon. It’s all the president and his party has to work with.
It may be all they need.