William Katz:  Urgent Agenda

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LIBERALISM? – AT 10:18 A.M. ET:  President Obama keeps complaining about financial inequality in the United States.  He should.  He's contributed to it.  From Breitbart:   

The rich keep getting richer -- and the gap between the super rich and poor has widened even more under President Barack Obama.

According to a report from Sadoff Investment Research, the "average household in the top 1% pulled in earnings of $1,264,065 in 2012," which is "41 times greater than the $30,997 average income of Americans."

But the top .1% did considerably better than the top 1%, posting "average earnings of $6,373,782, or 206 times the average families' income."

According to the report, nearly a quarter of the .1% work in the financial industry, 40% are "executives, managers and supervisors," and a "vast majority of the 0.1% live in New York, Los Angeles, San Francisco, Chicago, Washington D.C. or Houston."

COMMENT:  Even many conservatives agree that the income gap in America is too wide.  But the key to narrowing it, aside from more responsible compensation scales by corporations, is growing the economy, which is not being done to any great effect.  Our "recovery" has been anemic for five years, with little prospect for much improvement.

There is plenty of blame to go around, but a national administration that has a gut antagonism to free enterprise is not helpful.

April 1, 2014