Sep 16, 2013
Appearing on the Sunday morning show of ABC's "This Week with George Stephanopoulos," Obama was pressed by the host to respond to a recent study by University of California researchers that shows the rich have gotten richer while the poor continue to languish.
"95 percent of the gains to the top one percent. That is so striking," declared Stephanopoulos.
Obama responded, "It is. And the folks at--in the middle and at the bottom haven't seen wage or income growth, not just over the last three, four years, but over the last 15 years."
Obama went on to defend his record, claiming that his push for the Affordable Care Act, "fair" taxes, and a "strengthened" banking system will somehow shift the trend. He declared that creating more jobs, stabilizing the economy, and reducing income inequality are his top priorities.
Yet, Stephanopoulos repeatedly brought Obama back to the stark reality of growing class inequality and poverty under his administration.
"Still, 95 percent of the gains go to the top one percent," pressed Stephanopoulos.
"Right," Obama again confirmed, cutting off the host.
_____________________
Why Your Ongoing Support Is Essential
Donald Trump’s attacks on democracy, justice, and a free press are escalating — putting everything we stand for at risk. We believe a better world is possible, but we can’t get there without your support. Common Dreams stands apart. We answer only to you — our readers, activists, and changemakers — not to billionaires or corporations. Our independence allows us to cover the vital stories that others won’t, spotlighting movements for peace, equality, and human rights. Right now, our work faces unprecedented challenges. Misinformation is spreading, journalists are under attack, and financial pressures are mounting. As a reader-supported, nonprofit newsroom, your support is crucial to keep this journalism alive. Whatever you can give — $10, $25, or $100 — helps us stay strong and responsive when the world needs us most. Together, we’ll continue to build the independent, courageous journalism our movement relies on. Thank you for being part of this community. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Sarah Lazare
Sarah Lazare was a staff writer for Common Dreams from 2013-2016. She is currently web editor and reporter for In These Times.
Appearing on the Sunday morning show of ABC's "This Week with George Stephanopoulos," Obama was pressed by the host to respond to a recent study by University of California researchers that shows the rich have gotten richer while the poor continue to languish.
"95 percent of the gains to the top one percent. That is so striking," declared Stephanopoulos.
Obama responded, "It is. And the folks at--in the middle and at the bottom haven't seen wage or income growth, not just over the last three, four years, but over the last 15 years."
Obama went on to defend his record, claiming that his push for the Affordable Care Act, "fair" taxes, and a "strengthened" banking system will somehow shift the trend. He declared that creating more jobs, stabilizing the economy, and reducing income inequality are his top priorities.
Yet, Stephanopoulos repeatedly brought Obama back to the stark reality of growing class inequality and poverty under his administration.
"Still, 95 percent of the gains go to the top one percent," pressed Stephanopoulos.
"Right," Obama again confirmed, cutting off the host.
_____________________
Sarah Lazare
Sarah Lazare was a staff writer for Common Dreams from 2013-2016. She is currently web editor and reporter for In These Times.
Appearing on the Sunday morning show of ABC's "This Week with George Stephanopoulos," Obama was pressed by the host to respond to a recent study by University of California researchers that shows the rich have gotten richer while the poor continue to languish.
"95 percent of the gains to the top one percent. That is so striking," declared Stephanopoulos.
Obama responded, "It is. And the folks at--in the middle and at the bottom haven't seen wage or income growth, not just over the last three, four years, but over the last 15 years."
Obama went on to defend his record, claiming that his push for the Affordable Care Act, "fair" taxes, and a "strengthened" banking system will somehow shift the trend. He declared that creating more jobs, stabilizing the economy, and reducing income inequality are his top priorities.
Yet, Stephanopoulos repeatedly brought Obama back to the stark reality of growing class inequality and poverty under his administration.
"Still, 95 percent of the gains go to the top one percent," pressed Stephanopoulos.
"Right," Obama again confirmed, cutting off the host.
_____________________
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.