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Obama Acknowledges Growing Gap Between Rich and Poor

HeadlineSep 17, 2013

Two years after the Occupy movement brought widespread attention to the gap between the richest 1 percent and the 99 percent, that gap is wider than ever. University of California researchers recently revealed 95 percent of income gains since the recession ended have gone to the top 1 percent. On Sunday, ABC’s George Stephanopoulos asked President Obama about that gap.

George Stephanopoulos: “Ninety-five percent of the gains to the top 1 percent, that is so striking.”

President Obama: “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.”

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