Thursday, December 05, 2013

Obama Decries Income Gap His Policies Have Worsened

Obama complains that the income gap between rich and poor is too wide. His own policies have exacerbated the gap. Naturally, his solution is a double dose of his own failed policies.

The gap between rich and poor that President Barack Obama yesterday called a “fundamental threat to the American dream” has grown during his administration. 

The richest 10 percent of Americans earned a larger share of income last year than at any time since 1917, according to Emmanuel Saez, an economist at the University of California at Berkeley. Those in the top one-tenth of income distribution earned at least $146,000 in 2012, almost 12 times what those in the bottom tenth made, Census Bureau data show


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