Obama economy

President Obama Admits The Rich Are Getting Richer Under His Watch

President Obama is fighting a losing battle against the super rich in this country, and many of his moves have actually made made the super rich the super richer.

During a Sunday sit-down on ABC’s This Week with George Stephanopoulos, the president admitted that the rich have been doing pretty well during his administration, despite his attempts to combat income inequality.

Stephanopoulos cited a Berkeley study which found that 95 percent of income gains from 2009 to 2012 went to the top one percent, which kind of defeats the purpose of the whole wealth redistribution thing. President Obama conceded the point, but insomuch as he admitted that he has been unable to curb the fattened coffers of the super rich, he implied that it’s not his fault.

“The folks in the middle and at the bottom haven’t seen wage or income growth, not just over the last three, four years, but over the last 15 years,” he said.

But even though President Obama seems to be saying “It’s not my fault,” even left-field websites are hearing “I haven’t done anything to fix the problem.”

The Daily Kos ran a whole story on Sunday about President Obama’s comments, but it’s really the title that says it all:

“Really Mr. President? You couldn’t have done any better on Income Inequality?”

That hurts.

Still, President Obama told Stephanopoulos that his policies have only stabilized the economy, produced jobs, and created a tax system that’s “a little bit fairer” to the American people. And yes, even though Stephanopoulos grilled the president on these issues, there are still some in the media completely sold on the election rhetoric.

Last week, Ed Shultz of MSNBC pointed out that in light of 42 months of private sector job growth and a stock market that is “absolutely going through the roof,” it’s amazing that people “don’t love Obama.”

Well, for my house it’s not so much about politics as its about media bias, Ed.

Do you think that President Obama could have done more about income inequality in this country? Heck, he still has three more years. Do you think that President Obama could do more now about income inequality? Sound off!

[Image: Wikimedia Commons]

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