Rich-Poor Gap Is Logical Outcome of Obama/Pelosi Economic Illogic

Bloomberg News notes how the "rich-poor gap" has widene under Obama.

The U.S. Census Bureau figures released yesterday underscored the struggles of American families in a sputtering economic recovery. The report also showed the income gap between rich and poor people grew to the widest in more than 40 years in 2011 as the poverty rate remained at almost a two-decade high.

That may seem odd given that the Lightworker is in office and that the Pelosicrats have been in charge of the House for four of the last six years and the Harry Reid Senate has been the Harry Reid Senate six years and counting. How can those Heroes of the Downtrodden foster a growing rich-poor divide.  Easy.  It's the natural result of their playbook, as I illustrated long ago...

 That's what Washington has created for us, a modest recovery that is accruing to capital and not to labor. How did they achieve this feat? Easy. First we must start with a misdiagnosis of the financial crisis. Politicians blamed it all on the banks and business, when it was largely the creation of government through highly distorted incentives. They further chose to tackle a financial panic, a monetary event, as a traditional business cycle recession and applied traditional counter-cyclical Keynesian "stimulus". Also, coming out of the financial crisis, the politicians ramped up both anti-business rhetoric and an anti-business policy agenda the likes of which this country hasn't see in seventy years. So as the monetary disruptions healed, the government was sucking the oxygen out of the economy by crowding out private capital to borrow and spend on "stimulus" and sending risk-takers to hide under their desks. So as the world beyond our borders recovered, having indulged in less over the top business bashing, US manufacturers have been able to secure alot of business exporting our great products to the world, but have little incentive to hire (ObamaCare) and expand here at home (card-check, EPA, NLRB, etc). Ergo the profits but not too much hiring. So that's how we got an economy that stinks for "workers" but is OK for "owners".