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Update (Aug. 1): Lest you think that I am the only one thinking this, check out Investors Business Daily.
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Today on “Blog Bunker”, Sirius 110, I made a statement based off of a quote from Barack Obama from an interview he conducted with the Wall Street Journal.
Here’s the quote:
“Globalization and technology and automation all weaken the position of workers,” he said, and a strong government hand is needed to assure that wealth is distributed more equitably.
The Journal also reported that a key component of Obama policy is:
The U.S. becoming what he called a “winner-take-all” economy, where the gains from economic growth skew heavily toward the wealthy.
Meaning…he wants to make it more equitable…aka, a redistribution of wealth.
