Wednesday, July 31, 2013
Income Inequality Actually Rises Faster Under Obama
It's a fact: Income inequality rose faster under Obama than under George W. Bush or Clinton.
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%.
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