Flashback March 2010: Sen. Max Baucus Forgot To Mention Income Redistribution Was FROM The Middle Class, Not To It, Or Did He Just Lie Like Obama Did?

Reward for his service to the State: ambassadorship to China

Actually, ObamaCare, which is the handiwork of Sen. Max Baucus, will transfer income from the middle class to the lower class and wipe out the middle.

Here, March 25, 2010:

Sen. Max Baucus (D): "Too often, much of late, the last couple three years the mal-distribution of income in America is gone up way too much, the wealthy are getting way, way too wealthy, and the middle income class is left behind. Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America."

Meanwhile, income inequality has never been worse, reaching its all time high under just four years of Obama.

Flashback to HuffPo, here in 2012:

In the 2009-2010 period, a time of modest economic growth, the top 1 percent of U.S. earners captured 93 percent of all the income growth in the country.

Got that? Now compare it to how the mega-rich made out during the Bush upswing years of 2002 to 2007. During that time, the top 1 percent of earners captured just 65 percent of all the income growth.

The numbers don't lie. Income inequality has grown at a rate 4.75 TIMES faster under Obama compared to Bush (perfect equality is 0 on the scale, perfect inequality is 1). Inequality has never been higher than under Obama. The nomenklatura gets richer.

income inequality under 8 years of Bush up 0.4%

income inequality under 4 years of Obama up 1.9%