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B-CR-TEO
Study finds top 1% thrived under
Obama. The rest of us not so much

Donsurber.com, by Don Surber

Original Article

Posted By:earlybird, 12/7/2017 7:59:28 AM

Economist Edward N. Woolf published a paper that shows that under Barack Obama, the wealthiest 1% increased their share of America´s wealth to 40%. The Washington Post blamed President Trump for what Obama did.Hilarious. From the Washington Post: The richest 1 percent now owns more of the country’s wealth than at any time in the past 50 years The paper is owned by the richest man on Earth. More from the Post: The wealthiest 1 percent of American households own 40 percent of the country´s wealth, according to a new paper by economist Edward N. Woolf. That share is higher

Comments:
And according to Woolf’s data, it all happened on Obie’s watch.

      


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Reply 1 - Posted by: Tishimself, 12/7/2017 8:01:28 AM     (No. 11473121)

We really are all socialists now.

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Reply 2 - Posted by: curious1, 12/7/2017 8:44:46 AM     (No. 11473184)

That´s how communism works - great for those on top of the pile; really crummy for all the rest.

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Reply 3 - Posted by: terry_tr6, 12/7/2017 9:37:28 AM     (No. 11473247)

well, he wasn´t going to get any big checks for no work from us 99%´ers.
Look at what hillary is reduced to, hawking her image as a Christmas topper ornament...
http://www.thegatewaypundit.com/2017/12/dreaming-happened-christmas-lib-media-gushes-hillary-clinton-resistmas-christmas-tree-angel/

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Reply 4 - Posted by: Lana720, 12/7/2017 10:13:37 AM     (No. 11473290)

And, to flip this over, the 1 percent of those in our awesome military make out, not quite as well.

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Reply 5 - Posted by: LC Chihuahua, 12/7/2017 10:14:07 AM     (No. 11473291)

Not really a surprise considering the top 1% got Obama elected. They controlled him. They control Washington. That is who they work for.

Whenever Washington claims they are doing something for the poor or the middle class, don´t believe it. They only work for that wealthy 1% that can buy them.

Washington is all about politics, control, and power through the accumulation of wealth and influence. That is how it works.

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Reply 6 - Posted by: strike3, 12/7/2017 10:39:17 AM     (No. 11473318)

That three trillion in stimulus bucks had to go somewhere. Most of us do not have piggy banks large enough but GM, Solyndra and Tesla did.

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Reply 7 - Posted by: arcady, 12/7/2017 10:59:16 AM     (No. 11473353)

We were unfortunately put there by Bush, Bernanke and Paulson first. Though yes, Obama and his cohorts, took what Bernanke and Paulson gifted them and ran much further with it. The greatest transference, or theft, of wealth in the history of humankind.
Speaking of theft, is Paulson and Obama´s buddy Corzine still walking around free?

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Reply 8 - Posted by: joew9, 12/7/2017 11:11:30 AM     (No. 11473371)

We knew that. That´s why we voted for Trump. Trumps election was about jobs and pay.(And immigration is part of the jobs and pay equation.) And then they told us unemployment was back to normal when everyone around me still didn´t have a job. The MSM/Dems were telling us our lack of jobs was the new normal. In less than a year Trump proved nothing was normal about it.

I equate the MSM´s cover up of unemployment during Obama as similar to the cover up of the Soviet purges. If we had started starving to death in massive numbers would the MSM have even covered it? Would they have denied it was happening?

I didn´t care about Trump´s uncouth approach when his election meant the difference between the ability to buy food and having to beg for food.

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Reply 9 - Posted by: geoguy, 12/7/2017 11:14:08 AM     (No. 11473373)

Interesting. We all knew it was bad, we didn´t know how bad until now.

It is the 1% that has been fighting for open borders so they can have their cheap nannies, housekeepers, and gardeners.

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