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Party of the rich: In Congress, it's the Democrats
2014 Mar 31, 3:41am 1,732 views 16 comments
by zzyzzx follow (9)
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Bellingham Bill
2014 Apr 6, 7:49am
starving the beast, blocking, sequestering, and acting like they are the adults in the room.
The remainder of this decade is going to be interesting, yes.
In the Chinese Curse sense.
http://research.stlouisfed.org/fred2/graph/?g=w7F
total gov't spending to GDP. But they've managed that only by adding $4T to the Fed's balance sheet.
http://research.stlouisfed.org/fred2/graph/?g=w7G
blue is same spending / GDP (right axis)
red is QE injections (left)
Dan8267
2014 Apr 6, 9:02am
Who to vote for??
Party of the Rich or Party of the Stupid
Party of Stupid.
Intelligence isn't a virtue when it's being used against you.
Y
2014 Apr 6, 2:22pm
I love it when, like parasitic wasps, they turn on each other...
sbh says
Who to vote for??
Party of the Rich or Party of the Stupid
Party of Stupid.
Intelligence isn't a virtue when it's being used against you.
Thanks a lot, Dan. Every now and then you are a total fucking buzzkill.
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http://news.yahoo.com/party-rich-congress-democrats-040228270--election.html
WASHINGTON (AP) — Republicans are the party of the rich, right? It's a label that has stuck for decades, and you're hearing it again as Democrats complain about GOP opposition to raising the minimum wage and extending unemployment benefits.
But in Congress, the wealthiest among us are more likely to be represented by a Democrat than a Republican. Of the 10 richest House districts, only two have Republican congressmen. Democrats claim the top six, sprinkled along the East and West coasts. Most are in overwhelmingly Democratic states like New York and California.
The richest: New York's 12th Congressional District, which includes Manhattan's Upper East Side, as well as parts of Queens and Brooklyn. Democrat Carolyn Maloney is in her 11th term representing the district.
Per capita income in Maloney's district is $75,479. That's more than $75,000 a year for every man, woman and child. The next highest income district, which runs along the southern California coast, comes in at $61,273. Democrat Henry Waxman is in his 20th term representing the Los Angeles-area district.
House Democratic Leader Nancy Pelosi's San Francisco district comes in at No. 8.
Across the country, Democratic House districts have an average per capita income of $27,893. That's about $1,000 higher than the average income in Republican districts. The difference is relatively small because Democrats also represent a lot of poor districts, putting the average in the middle.
Democrats say the "party of the rich" label is more about policies than constituents.
During the 2012 presidential election, Republican nominee Mitt Romney declared, "We're not the party of the rich. We're the party of the people who want to get rich."
The famously wealthy Romney also uttered a more famous quote about the 47 percent of Americans who pay no federal income tax.
"My job is not to worry about those people," Romney said in a secretly taped speech at a private fundraiser. "I'll never convince them that they should take personal responsibility and care for their lives."
#politics