Growing income inequality under Obama has been caused, not surprisingly, by Obama’s policies. Obamacare, higher taxes, environmental extremism, regulatory excess, and largely unchecked and even encouraged illegal immigration have had the effect of suppressing the demand for, and increasing the supply of, labor in the United States. Therefore, those who depend almost entirely on their own labor for their sustenance have not fared well during the Obama years. On the other hand, those with significant equity portfolios have participated indirectly in the broader global economy and the Federal Reserve’s monetary policies and therefore have done comparatively better. Bring investment and jobs back to the United States by reversing the policies that Obama and his enablers in the Democrat Party have foisted on us, and we will then see a reversal of the trend toward greater income inequality.
I agree. The gains of the recovery are not broadly shared enough. All of the job gains have gone to immigrants.