One of the few that has had their wealth improve since Obama took office is the Obamas.
Mr. President, you have really done well for yourself thanks to your policies. Really well. Since everything that you and your family could possibly desire is paid for as one of the perks of your employer, how about taking some of your new found wealth and distributing it among the masses?
THAT would be how a leader takes care of his people...
But what Obama conveniently leaves out of his sermons is that income inequality has grown faster on his watch than any time in the past two decades, at least.
Research by University of California economist Emmanuel Saez shows that since the Obama recovery started in June 2009, the average income of the top 1% grew 11.2% in real terms through 2011.
The bottom 99%, in contrast, saw their incomes shrink by 0.4%.
As a result, 121% of the gains in real income during Obama’s recovery have gone to the top 1%. By comparison, the top 1% captured 65% of income gains during the Bush expansion of 2002-07, and 45% of the gains under Clinton’s expansion in the 1990s.
The Census Bureau’s official measure of income inequality called the Gini index shows similar results. During the Bush years, the index was flat overall finishing in 2008 exactly where it started in 2001.
It’s gone up each year since Obama has been president and now stands at all-time highs.
Read More At Investor’s Business Daily: http://news.investors.com/ibd-editorials/073013-665705-income-gap-grew-sharply-under-obama.htm#ixzz3F1o4MnZS