Mr Q-dog, if we are doing the usual "the-president-in-office-did-it-all" routine, then Obama must have sold his soul. Check this headline:

Best Times for the 1 Percent Since 1920s

From: http://abcnews.go.com/US/wireS...2-us-income-20213135

"Economists point to several reasons for widening income inequality. In some industries, U.S. workers now compete with low-wage labor in China and other developing countries. Clerical and call-center jobs have been outsourced to countries such as India and the Philippines.

Increasingly, technology is replacing workers in performing routine tasks. And union power has dwindled. The percentage of American workers represented by unions has dropped from 23.3 percent in 1983 to 12.5 percent last year, according to the Labor Department.

The changes have reduced costs for many employers. That is one reason corporate profits hit a record this year as a share of U.S. economic output, even though economic growth is sluggish and unemployment remains at a high 7.2 percent." 

 Personally, I think the problem started 2 decades ago when our country decided to ship the smokestacks overseas. Trying to create an economy based on manipulating the value of paper while giving away the farm to China in a trade deal didn't help either.