Obama's America: The Rich are Getting Richer

The "rich are getting richer" canard would no doubt be dutifully trotted out by the media if this news emerged during a Republican administration. Of course nobody is mentioning it now that more millionaires are being minted during the glory years of Obama.

The number of Americans who can call themselves millionaires has gone up in the past year, according to a report released Tuesday by Spectrem Group.

The number of U.S. households with a net worth of at least $1 million, not including primary residence, increased 16 percent to 7.8 million in 2009, according to the group's press release.

The number is up from 6.7 million in 2008. That follows a 27 percent decline in the millionaire population in 2008.

The number of households with a net worth of at least $5 million, known as Ultra High Net Worth households, surged 17 percent to 980,000 in 2009.

I'm OK with people making more money. They're the ones who will hopefully hire all the people out of jobs since Obama became president.

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