Wednesday, February 13, 2013

TNR Notices Obama's Recovery Benefitted Only Elites

Well, what else would you expect from a national socialist? (Obama silly, not TNR).

Tim Noah, here:

"The biggest gainers in 2011 were the bottom half of the top one percent, i.e., those making between $358,000 and $545,000. They saw their incomes increase, on average, by 1.70 percent (not much to write home about, but you've got to put a weak recovery somewhere)."

Fewer than 1 million Americans earned net compensation for Social Security purposes in that range in 2011.