Wednesday, March 10, 2010

Under Obama's Watch the Rich are Getting Richer

I guess he is 100% like George Bush now.

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.

There is nothing like a recession to make people some money. As long as you weren't 100% long stocks when the market fell apart you would have increased your take considerably. I guess all that talk about "stealing from the rich" doesn't meet reality when it comes to Obama.

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