Arthur Brooks in today’s WSJ is worth a read:
Census Bureau data show that in 2006-11, real annual income for the top 20% (quintile) of Americans fell by about 5% but rose almost 2% in 2010-11—and shows signs of continuing an upswing. For the bottom quintile, income fell by over 11%, and there was no upswing.
In 2011, workers in households earning between $40,000 and $60,000 had a 7.8% unemployment rate. In households earning under $20,000, unemployment was 24.4%. The unemployment for households earning more than $150,000 was 3.2%.
But I’ve switched things around a little to bury the lede. Here’s what came before those figures:
A 2013 analysis by researcher Mark M. Gray at Georgetown University found that Mr. Obama mentions the poor less than any president in decades. In his public statements and official communications on social class, he mentioned the poor only a quarter of the time; in contrast, Ronald Reagan talked about the poor in two-thirds of his public pronouncements.
But Obama cares, really he does. Not in word and certainly not in deed, but caring for the poor is the Democrats’ brand, even if in reality they crap all over them.