Next Time Obama Boasts About The "Recovery", Show Him This Chart

Tyler Durden's picture

Irony aside, the growth of income (trough to peak) during so-called 'economic expansions' has changed... and President Obama's "recovery" is the worst of the lot...


Chart: @ptcherneva


A reminder of the irony... One can read 696 page neo-Marxist tomes "explaining" inequality in a way only an economist could - by ignoring the untold destruction economists themselves have unleashed on society with their "scientific theories" (and providing a "solution" to the inequality problem which we warned readers was coming back in September of 2011) or one can read the following 139 words by Elliott's Paul Singer which in two short paragraphs explains everything one needs to know about America's record class inequality, including precisely who is the man responsible:

Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession. 


The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.



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RacerX's picture

That's the "It's good to be King" chart

hedgeless_horseman's picture



OBAMA+BUFFETT 2008 2012 2016

Four mo' years folks!

I am more equal than others's picture



The first gay president shows us the joy of fisting.

hedgeless_horseman's picture



What Warren and his friends mostly care about is that at least 51% of American voters remain totally incapable of either comprehending, or caring about, that simple chart that so clearly shows the inequality created by our current fascist government. 

Soma on America. Keep the children engaged in their iPads.  Keep the teenagers smoking dope.  Keep the adults divided over social issues.

Handful of Dust's picture

Thnx for the charts, Tylers ... because numbers [and words, esp Big Words] make my brain hurt.

Liberal's picture

I'm sorry, ZH'ers.  We're going to talk about the Dreamers now and how we need to open up our borders and why you're racist if you're against it. 

Do you guys realize how rampant racism is in this country?  I mean, we have a professional football team named, oh, god, I can't even say it because it's so racist, xxxskins!   That's just totally racist!  We as a first world nation MUST do something about that before we address anything else!

max2205's picture

Longterm trends are hard to break

Bad Attitude's picture

Rope or guillotines are can change those trends.

Forward (over the cliff)!

Haywood Jablowme's picture


it don't matta cuz if Owebama don't have to follow da constitushun, the cops don't hafta follow it eeda!

Elvis the Pelvis's picture

The middle class is dying.  We're a banana republic.  Bitchez.

Escrava Isaura's picture


 You said: "Longterm trends are hard to break"

Very hard to break, that’s right!

It started in 1786: Shays' Rebellion


TheRedScourge's picture

Yes, the "Washington" part of their name is indeed quite offensive.

Pooper Popper's picture

liberals suck stinky asshole!

Slave's picture

The rhetoric is because President Obola is using this new, greater inequality that he helped create to garner support for tax hikes on the "rich" which will ONLY equate to higher taxes on everybody else.

Der Wille Zur Macht's picture

I occassionally browse ZeroHedge on a tablet while simultaneously smoking dope.

TheFourthStooge-ing's picture

Saaaaaayyyyy, that gives me an idea....


ugmug's picture

I occassionally browse ZeroHedge on a tablet while simultaneously smoking dope.

Obama does the same thing.....

Vendetta's picture

I don't believe 51% don't care or don't comprehend the chart, I believe most just keep voting red/blue and that is the problem.  Both parties do the same thing when it comes to economic, trade or monetary policies.

29.5's picture

i don't have enough time in my work week to worry about this

Atomizer's picture

Folks, grandpa is an old fashion slavery negro lover. Don't ask him about dodging corporate taxes. The IRS will give you a physical lashing via whip.

Oldwood's picture

The dynamic duo. One shakes the trees while the other rakes the leaves.

Living in a world full of liars and thieves (and worse) the sheriff does just enough to be slightly more than useless while criminality runs wild. The citizens fearful of a town with no law at all, rationalize the continued service of their sheriff, as he is but the latest in a long line of dissapointments. No Masked Man, no Marshall Dillon, as they have all been bought off or buried on Boot Hill.

Atomizer's picture

Don't forget to destoy your hard drive to avoid IRS prosecution.

Boozer's picture

Barry looks like quite the primate in that picture William!

Tapeworm's picture

That series of your work is stunning in the truest sense of the word. The creepiest is "Titanic" which should get you a Pulitzer except you are so far from MSM that it would have to be only in a Bizarro Universe.

 No kidding, I am honored to be a WmBanzai VII groupie.

Bloppy's picture

Michelle Obama now says she doesn't care what people eat for lunch! It's a laff riot:

29.5's picture

Let's Move!


after we eat lobster the first of the month

Jumbotron's picture

Not to be simplistic......but it's clear to me looking at both trends you can see how good we had it after WW II when our manufacturing was unscathed by the war and everyone was rebuilding and buying our stuff including us.  Those dollars recirculated many times over in our communities and the country at large and everybody's boat rose.

But then the world recovered.....and we started to import a lot more cheaper goods and eventually moved some of our own manufacturing overseas.  Then came the domestic Peak Oil event in 1970 along with the dollar being loosened from gold.  Now you see financialization begin and the Great Ponzi ramp up to what it is today.

Now the apple is rotten and hollowed out at the core and even now the rot has spread to the outside.  People know by looking at the outside of the apple that it is rotten to the core.  No more covering it up with a little candy apple red.

It's only going to get worse....until the collapse to a much less energy intensive and poorer overall equilibrium.  But....i hope....a more, honest one as well.

But I'm afraid our Masters of the Universe will launch a world war if need be to keep that from happening.

doctor10's picture

Not to be simplisitc-but back then we actually still had a Constitution and a Federal judiciary that knew how to read it!

Jumbotron's picture

<sigh>  <sadly shaking head in agreement>  :(

TeethVillage88s's picture

And Citizens that can tell when they lost the free press, and were fed horse shit by actors in the Senate & House of Reps.

Back when I was a boy we knew when Lawyers, Politicians, Bankers are lying. Simple when their lips move.

"...Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim:..."

- Congress & The US President don't have any power to Legislate and Strengthen the Economy?
- If Liberals Take all the Tools off the Table in terms of Capital Controls, Tariffs, Off Shore Tax havens, Capital Flight, Stagnant Capital, Economic Leakage, Tax Loopholes, Tax Policy, Fancy Pants Derivatives,... then maybe we need to Lynch the Economists, Bankers, and Politicians that put us here, kick out the Neoliberals
- What Lobbying & Money in Politics never occurred to the Author???

Fed Operates on a Congressional Charter. I say Congress has the Power.

But I also saw that we have a Military Republic that is now Screaming Fascism.

jarana's picture

Piketty thinks capital's value depends on its past generated returns.

No one told him that capital's value depends on FUTURE EXPECTATIONS of returns (genius, Piketty).

Keep on trying to give the bad-invested capital the value "demonstrated" in Piketty's Marxist volume by inflating the currency.

Keep on telling people capital gives you returns simply by being sit on it and if someone asks why then is not better to privatize social security letting the "people" being sit on their savings, say: "hey, you are a [...]ist!" (double error, bad diagnosis and bad treatment according even to the bad diagnosis... i.e. schizophrenia).

It's good to be the Single-Party (FED) ChairCriature.

buzzsaw99's picture

don't worry, owebomba is in the top 10% so it's all good

Shizzmoney's picture

Exactly.  Guy is just looking out for his family.

Organisms gonna organism

Leonardo Fibonacci2's picture

Or did you mean: orgasms gonna orgasm (Obama + Reggie kissing on a tree.......)

Jumbotron's picture

RRAALPHHhhhhh  !

cough...cough.....thanks......cough...<spit>....thanks a pant load.

TulsaTime's picture

No expansion this time around, at least not for the majority of us. 

Escrava Isaura's picture

Quantitative Easing, deficit spending at Federal, state, and municipal level, and relaxed accounting rules are all that has prevented total economic collapse. These delaying strategies have exceeded their useful life. I do not know what the trigger (black swan) will be but we are truly on the financial precipice. Will the trigger be Russian invasion of Ukraine, fall of Baghdad to ISIS, ISIS invasion of Saudi Arabia, …

S.M.T.U.Q.I.'s picture

Pretty obvious from chart that trend started well before Oh bah muh.  Idiotic conclusion.

lordylord's picture

The conclusion was not that Obama's policies started the trend.  The conclusion is that Obama's policies continue this trend.  Meanwhile, he ran on a message of "hope and change" and pretends to support the poor and middle class.  But go ahead, keep apologizing for the worst president I have been alive to see.  You're pathetic.

TheRedScourge's picture

Not just continue the trend, but accelerate it. Trying to put out a fire by dumping fuel on it is not the sort of change I think people expected.

denverdolomte's picture


Sly like a fox? Yeah he did pull the wool over the eyes of many. 

Myself like every other straight single guy doesn't care for any Bush either. 


Your comments are moot. 

Your facts are seeming based on MSM faux-cts as well. 


Stick around you may learn a thing or two from hedging zeros. 

Cognitive Dissonance's picture

Now factor in the real inflation rate and (if you are part of the middle class) you get..............a beating.

TheRedScourge's picture

Real inflation? Too scary. Official CPI effect is scary enough. Case in point:


Moar chart:



Lots of Inflation, Not So Many New Jobs This chart compares the percentage change in non-farm payrolls with the percentage change in the consumer price index starting in January of 1939. The two track closely together for over 30 years, until they begin to significantly diverge around 1970. This coincides with the collapse of the Bretton Woods Accord in 1971 and the move to a floating currency exchange system. Export:    Sources: Bureau of Labor Statistics Updated: August 6, 2014 at 5:12 PM EDT
Bollixed's picture

Guns and butter, baby. Guns and butter...

Oldwood's picture

Rob us and then tell us they need protection money. Do we have a choice now? There are but two ways. One is to live in poverty, the other is to go to jail. Not that different when you think about it, three meals and a cot.