Free Republic

The gap in employment rates between America’s highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press. Rates of unemployment for the lowest-income families—those earning less than $20,000—have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression. … The findings follow the government’s tepid jobs report this month that showed a steep decline in the share of Americans working or looking for work. On Sunday, President Barack Obama stressed the need to address...

In 1992, the 400th richest person in America made $24 million. In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted). Now, that almost certainly wasn't the same guy. There's a lot of churn at the top of the money pyramid. In all of the 1990s, only 25% of the Fortunate 400 made more than one appearance. But the overall message is the same. The rich keeping getting richer. According to the IRS, which recently released 2009 data from the 400 richest individual income tax returns, the real runaway growth in wealth has come from...

CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? " Warren Buffett: "Well, the precise program which will -- I don't know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change. But, if they make a lot of money and pay a very low...

I don’t believe in coincidences in politics. When I see the Wall Street Journal and New York Times both running big front-page stories within two days of each other on a subject that isn’t remotely time sensitive, I know that something is going on. More than likely, it signals the beginning of an organized campaign by the liberal media to gin up an issue for the Democrats. When a team is on a losing streak, the best thing the coach can do is line up a game with a cream-puff opponent. Even if the victory doesn’t mean much substantively, it...