Real (inflation adjusted) median household
income last year was $51,371, 4.44 % lower than when Mr. Obama
became president in 2009, the Census Bureau says. The
number of Americans living in poverty rose by the equivalent of the population of
Massachusetts during Barack Hussein Obama's first term. By the time his second
ends, "black people will have lost ground in every single leading economic
indicator category," television talk show host Tavis Smiley said last month.
From 2009 to 2012, the top 1% received 95% of income gains, a study by
University of California-Berkeley economist Emmanuel Saez indicated. But during the presidency of George
W. Bush, the top 1% garnered just 65 % of income growth, Prof. Saez said. "While the populist rhetoric of modern
(Democrat) politicians is all about redistribution and inequality, the reality
is that (their) policies entrench privilege," said Walter Russell Mead, editor of The American Interest. So who's
the "party of the rich" again? Read more for free...
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