Obama's America: Rich Getting Richer
The result under President Obama is a greater concentration of wealth, with the share of wealth held by the top 7% increasing from 56% in 2009 to 63% in 2011.
According to Pew, which used data from the Federal Reserve's Survey of Consumer Finances, upper-income median net worth in 2013 was 6.6 times greater than the median net worth of middle-income families ($639,400 vs. $96,500).
That's up from 4.5 in 2007, the last year before the recession hit, and higher than it was in 2010, when the Obama recovery was just getting started. Pew also found that, prior to Obama, the biggest wealth gap in the past three decades was 5.0. -IBD 
WHEN Barack Obama won the White House in 2008, he did so in an unusual way for a Democrat: As the candidate of the rich. He raised more in large-dollar donations than any of his rivals and raked in more cash from Wall Street than John McCain. In November, he won the upper class’s votes: By 52 percent to 46 percent, according to exit polls, Americans making more than $200,000 cast their ballots for Obama. -Ross Douthat
It's a new year, but one thing hasn't changed: The economy still blows. Five years after Wall Street crashed, America's banker-gamblers have only gotten richer, while huge swaths of the country are still drowning in personal debt, tens of millions of Americans remain unemployed – and the new jobs being created are largely low-wage, sub-contracted, part-time grunt work. -By Jesse A. Myerson, Rolling Stone
Official U.S. government data shows that inequality is rising sharply under President Obama. It was stable under Bush. But Obamanomics has brought back exactly the rich getting richer and the poor getting poorer. -Peter Ferrara
Under Reagan, the rich got richer and the poor got richer... But President Obama is following exactly the opposite of every policy of Reaganomics, so he is getting basically the opposite results. The incomes of the top 20% have still been rising under Obama. But the incomes of everyone else, the bottom 80%, have been falling! -Peter Ferrara
Democrat, Liberal, Incompetence, Obama, Oops
Sept 2015: America's top 400 billionaires are now richer than ever, boasting a record-smashing combined wealth of $2.34trillion, up $50billion from a year ago, according to the latest issue of Forbes Magazine... The cost of admission to the 2015 list was the highest ever at $1.7billion, up from $1.55billion a year ago.
Democrat, Liberal, Incompetence, Obama, Oops
The new data suggest that despite modest recoveries in many states, the middle class has been shrinking while households have been added in the lowest and highest income brackets. In many states and nationally, the highest income brackets saw more growth than the lowest, but households in the middle brackets continued to decline.
Democrat, Liberal, Obama, Oops, Economy
[2015]: A new analysis of CEO pay and benefits reveals that the top executives at the top S&P 500 companies earned another $2 million last year, for an average package of $22.6 million, expanding the wage gap with workers to 373 to 1. The St. Louis investment firm Stifel provided Secrets a new analysis of AFL-CIO, Bureau of Labor Statistics and CNBC data showing that the average worker salary reached $36,100 after a tiny 2 percent increase while the top CEO's saw a 16 percent increase.
Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy
Most Americans' incomes continued to fall last year, but the richest 20 percent saw theirs rise, a new Labor Department report showed Thursday. In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline for the second straight year in the 12 months to June 2014. The average pre-tax income fell 0.9 percent from the same period a year earlier, to $64,432. But broken down into quintiles, those in the top 20 percent of incomes saw their money stream grow by 0.9 percent to $166,048 on average.
Democrat, Liberal, Incompetence, Obama, Financial, Narrative, Oops
The world added 2.6 million millionaire households last year, showing that the rich are getting richer—and far more numerous, according to a report released Monday... The U.S. added the most millionaire households and has the highest total, with a gain of 1.1 million households last year. That brings the total to 7.135 million.
Now the Pew Research Center reported late last month, based on Census Bureau data, that from 2009 to 2011 under President Obama the net worth of the richest 7% of Americans increased by nearly $700,000 on average, or 28%. But the net worth of everyone else in America declined by 4% on average.
Democrat, Liberal, Incompetence, Obama, Financial, Narrative, Oops
Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study. Last year was the fourth straight that CEO compensation rose following a decline during the Great Recession. The median CEO pay package climbed more than 50 percent over that stretch. A chief executive now makes about 257 times the average worker's salary, up sharply from 181 times in 2009.
Democrat, Liberal, Incompetence, Obama, Narrative, Oops
Jul 2011: The wealth gaps between whites and minorities have grown to their widest levels since the U.S. government began tabulating them a quarter-century ago. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.
Democrat, Liberal, Incompetence, Obama, Oops, Economy
The U.S. Census Bureau figures released yesterday underscored the struggles of American families in a sputtering economic recovery. The report also showed the income gap between rich and poor people grew to the widest in more than 40 years in 2011 as the poverty rate remained at almost a two-decade high.
Democrat, Hypocrisy, Liberal, Incompetence, Obama, Oops, Greed
In an interview that aired Sunday on ABC's "This Week with George Stephanopoulos," the show host cited a recent study from the University of California, Berkeley, that found 95% of income gains from 2009 to 2012 went to the top 1% of the earning population.
With a net worth of $60 Million, Matt Lauer is one of the wealthiest and most successful news anchors in the United States.
In an interview with former White House press secretary and Obama campaign advisor Robert Gibbs on Thursday's NBC Today, co-host Matt Lauer >fretted over a report showing "the rich are getting richer" and pleaded: "So what responsibility does President Obama have in terms of dealing with income distribution in this country?"
Democrat, Hypocrisy, Liberal, Incompetence, Obama, Oops, Greed
In 2010, 37 percent of these additional earnings went to just the top 0.01 percent, a teaspoon-size collection of about 15,000 households with average incomes of $23.8 million. These fortunate few saw their incomes rise by 21.5 percent. The bottom 99 percent received a microscopic $80 increase in pay per person in 2010, after adjusting for inflation. The top 1 percent, whose average income is $1,019,089, had an 11.6 percent increase in income.
Inequality is increasing under Obama because the incomes of the top 20% of income earners are increasing, while the incomes for everyone else have been declining. That is right, Progressives, what all your huffing and puffing has achieved is the rich getting richer, and the poor getting poorer. -Peter Ferrara