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Bank of America Corporation Message Board

  • annerobcat annerobcat Jan 2, 2013 1:33 PM Flag

    Joe Biden, A True GREAT AMERICAN! We love you Joe for helping Obama STICK IT TO THE RICH!

    You helped Obama stick it to the rich people and for that, WE LOVE YOU JOE!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Biden a true Communist skkvummbaagg!!! Always has been always will be!!!

    • Hope when the dust settles, you still have a job. Obama, Biden and the Democrats want to turn us to Socialism. You'll be far worse off. Too bad you are going to be sucked in with the rest of us. The Dumocrats are the party of spending. They will destroy this country for you, your kids, and future generations. You'll be supporting them all. What's this diatribe got to do with BAC?

      Sentiment: Strong Buy

    • Why are you here then #$%$ hole if your not trying to get rich??? Demoncrats like you talk more out your #$%$ hole than your mouth!!!

    • A Ganster and nothing else.
      Working for the printing class (the wallstreet banks)

    • Biden will be the next president with a democratic senate and congress maybe by then we'll have the debt under control and can fix free trade or job offshoring !

      Sentiment: Buy

      • 1 Reply to sirifuture
      • m.inally Jan 2, 2013 7:26 PM Flag

        Ya, they will be fixing free trade and job offshoring. The dollar will soon be devalued and will cost $10 for a gallon of milk. Your pay will not go up making your pay value less than anyone else in the third world countries, however, jobs will come to this country because our pay will equate to less than that in China.

        Sentiment: Strong Buy

    • You are one of the blooming idiots who can be conditioned to believe anything you're told.
      You would have been one of the millions of Germans during WW11 who believed anything Hitler said.
      Keep on listening to the politician liars who will say anything to be re-elected.

      • 2 Replies to bejupete
      • WASHINGTON — Income inequality has soared to the highest levels since the Great Depression, and the recession has done little to reverse the trend, with the top 1 percent of earners taking 93 percent of the income gains in the first full year of the recovery.

        “Growth becomes more fragile” in countries with high levels of inequality like the United States, said Jonathan D. Ostry of the International Monetary Fund, whose research suggests that the widening disparity since the 1980s might shorten the nation’s economic expansions by as much as a third.

        Reducing inequality and bolstering growth, in the long run, might be “two sides of the same coin,” research published last year by the I.M.F. concluded.

        Since the 1980s, rich households in the United States have earned a larger and larger share of overall income. The 1 percent earns about one-sixth of all income and the top 10 percent about half, according to statistics compiled by the respected economists Emmanuel Saez of the University of California, Berkeley and Thomas Piketty of the Paris School of Economics.

        For years, economists have thought of such inequality in part as a side effect of policies that fostered the country’s economic dynamism — its tax preferences for investment income, for instance. And organizations like the World Bank and the I.M.F., which is based in Washington, have generally not tackled inequality in the world head on.

        But economists’ thinking has changed sharply in recent years. The Organization for Economic Cooperation and Development this year warned about the “negative consequences” of the country’s high levels of pay inequality, and suggested an aggressive series of changes to tax and spending programs to tackle it.

        The I.M.F. has cautioned the United States, too. “Some dismiss inequality and focus instead on overall growth — arguing, in effect, that a rising tide lifts all boats,” a commentary by fund economists said. “When a handful of yachts become ocean liners while the rest remain lowly canoes, something is seriously amiss.”

        The concentration of income in the hands of the rich might not just mean a more unequal society, economists believe. It might mean less stable economic expansions and sluggish growth.

        That is the conclusion drawn by two economists at the fund, Mr. Ostry and Andrew G. Berg. They found that in rich countries and poor, inequality strongly correlated with shorter spells of economic expansion and thus less growth over time.

      • beju
        What do expect from a citizenry who have a high school drop out rate of over 50%.
        Promise them a free cell phone, and they'll follow you forever.

15.84+0.05(+0.32%)Aug 29 4:01 PMEDT