Mickey Kaus points out that Obama is worsening America's income inequality by going easy on illegal immigration and importing cheap labor to compete with our poorest workers.
Well, sure. But that's just the bottom end of the income spectrum. Don't forget what he's doing at the top end of the income spectrum: continuing to bail out Wall Street via Fannie and Freddie, AIG, GMAC, etc. Wall Street couldn't be paying those huge bonuses without free money from Obama.
And then there are the armies of six-figure government bureaucrats -- what's that do to income inequality? Put a two-income family of government workers together and you've got "The Rich" by Obama's $250,000 definition.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
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There are very few financial problems that can't be solved by a suitable application of asset bubbles.