Wednesday, April 22, 2015

Income inequality has gotten much worse under Obama

Income inequality. Did you know that it has gotten worse in the US under Obama? W. James Antle III writes at Daily Caller,
Emmanuel Saez, a professor at the University of California, Berkeley, memorably found that the average income of the top 1 percent grew by 11.2 percent in real terms since 2009. The bottom 99 percent saw their incomes decrease by 0.4 percent.

...Moreover, it’s not like most of the workers who would be imported under the president’s preferred immigration will compete with CEOs. He supported the Wall Street bailout.

Pharmaceutical companies pushed for Obamacare, which the health care law subsidizes along with insurance companies. It’s becoming a talking point on the left that Obama has prosecuted fewer financial crimes than Reagan or either Bush.
Read more here.

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