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Discussion: (20 comments)

  1. itsy_bitsy

    Because she is little more than an Obama mouthpiece!

  2. john robinson

    Why is Yellen concerned?

    1) She’s a marxist. This is how they talk.
    2) She’s working in concert with Obama and his sudden focus on income inequality – which he has undertaken for the same reasons.

    1. GodisanAmerican

      Yes. Completely agree. Any one who doesn’t get up every morning and thinks new ways of cutting taxes for the superrich and new ways of cutting benefits for the middle class is a marxist. We all know Russia doesn’t have any gays and we don’t have any poor. These poor are so stupid. They are always talking about not having enough money but never think about selling some of the stock they own or sell their vacation home or fire some of their staff. That’s what jesus would do!

      1. Manny Gonzalez

        Taxing the rich will work as well as it has on the biggies like Google, G.E. and the rest; they just move; mobility is an option….. It’s funny how so many seem to ignore that reality; how much have we spent in poverty programs? Philosophically we are at the cross roads between Hobbes and Locke…. and at the moment the leviathan is winning.

  3. Benjamin Cole

    Yellen should concentrate on promoting economic growth…suffocating the economy with a monetary noose and then sniveling about inequality is a poor show…

  4. Seattle Sam

    Hey, Janet, I’ve got a quick solution to income inequality. Stop pumping up the stock market with Easy money and see how fast the wealth of the “1%” drops. You can do it, girl.

    1. Tax increases sometimes called fees, Obamacare, regulations, 92 million unemployed (9qes have not helped employment one iota) have all really hurt the middle class in addition the QEs you mentioned. When this bubble burst it will not just hurt the 1% it will added further misery to the 99%.

      1. Seattle Sam

        Sure, but the important thing is that The Rich will be worse off, isn’t it?

        1. Yes, in the end the 1% pays more. With”Bush Tax cuts” the 1% paid a higher percentage and in absolute dollars a higher amout of federal taxes. The less tahn 50% pay nothing – in fact get more and more subsidies.. The folks taking it in the shorts are the middle class. Currently they are borrrowing more and will get hurt big time when the bubble bursts.

  5. Archibald Cary

    Can we put her name back in the hat and draw again, please?

  6. Todd Mason

    It would be nice if Mr P had a reason to favor Scott Winship’s scholarship (other than the fact that it carries water for Big Business.) He does not. The scatter chart he keeps posting is a bad joke. http://equitablegrowth.org/2014/01/23/1767/a-mathematical-response-to-scott-winships-analysis-of-the-great-gatsby-curve.

    While we agree on Point 5, Mr P is wasting a terrific opportunity to address crony capitalism directly. At the next AEI board meeting, he should trot upstairs and ask Vice Chair Lee Raymond why ExxonMobil doesn’t give back its share of the royalty-free Gulf leases that Congress gift-wrapped for the oil industry in 1996.

  7. Tom Sullivan

    Yellen is concerned about “income inequality” because she is playing the politics of Democrat distraction from the worst “recovery”, the Great Recession, since the Great Depression.

    These people, the deep thinkers, obviously are clueless. Abolish the Fed. Let’s try freedom for a change. The two best recoveries of the 20th century were after the two world wars when Republicans blocked most artificial stimulus efforts. The growth was amazing.

  8. Dan Schnittker

    What size is “Nordic”?

  9. GodisanAmerican

    I wish there was a Tea Party heaven somewhere on the planet.
    No taxes, no gun control, religion= state, almost no government, no gays or minorities rights,.
    Wait a minute! there is..are
    Sudan, Sierra Leone, …(but tea bagging would be illegal there. Well, nothing is perfect.)
    onward tea baggers

    1. You demonstrate your fundamental ignorance of the Tea Party. More like, Less taxes, smaller Federal government and more local control, free markets, no government favored special interest groups whose votes are purchased with redistribution and regulation, economic freedom and social liberty …. like S. Korea

      1. Todd Mason
      2. sufferingsuccatash

        The tea party agenda plays right into the hands of the corporate plutocrats who are controlling the government at present. Free markets (a corporate myth) and local control (another democratic myth) will consolidate the interests of the few and completely oppress the American middle class and poor. It sterile academic thinking—not realpolitik.

    2. What color is the sky in Ignorantliberalland?

    3. I would send you to the emergency room if you called me a tea bagger to my face

      1. GodisanAmerican

        I’ve Obamacare now. So no need to go to ER.
        I’ve nothing against tea baggers. Live and live.

        Take back GOP
        Christie for prez. ’16

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