The Fed's three year Survey of Consumer Finances (SCF) is out, and guess what. Income inequality increased under the Obama regime--by all the usual metrics, which are useless, but maybe the oceans receded?
Families at the bottom of the income distribution saw continued substantial declines in average real incomes between 2010 and 2013, continuing the trend observed between the 2007 and 2010 surveys.In a democracy, the people know what they want and deserve to get it. Good and hard.
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