Yves Smith | More evidence of the failure of Obama’s policies

Matt Stoller pointed out that income disparity, which is  associated strongly with negative social indicators (crime rates, poor health  outcomes) as well as lower growth, rose  faster under Obama than Bush.

Newly released Census data provides more evidence  of the failure of Obama’s economic policies. A Bloomberg story summarizes how it  shows that median incomes fell even as those at the top showed income gains. And  why might Obama think he can be indifferent to the fate of ordinary Americans?  Might it not be unrelated to the disproportionate role that the 1% and  even  more important, the 0.1%, play in campaign funding?


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