The Republicans in Washington in recent weeks have been accusing President Barack Obama of waging class warfare. Seems to us that war has been raging for some time -- by both political parties against the middle class.
But we'll let you decide:
• The median gross, inflation-adjusted income of American males in 1968 was $32,137. In 2010, it was $32,137. -- U.S. Census, September 2011 release.
• From 1980 to 2005, more than 80 percent of the total increase in Americans' income went to the top 1 percent. -- Slate, Sept. 3, 2010.
• In 2010, chief executives at the nation's 299 largest companies earned an average of $11.4 million in total pay, 343 times more than a typical American worker. In 1980, CEOs at the 299 largest companies received 42 times the pay of the average worker. -- CNN Money, April 11, 2011.
• Change in the median household wealth of white families since 2005: minus 16 percent. Change in median household wealth of Hispanic families since 2005: minus 66 percent. -- Pew Research Center Social and Demographic Trends project.
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