Pethokoukis: 'No, the rich didn't steal all the money'

Former Reuters and US News columnist James Pethokoukis, who now plies his trade at the American Enterprise Institute's Enterprise Blog, has been hitting it out of the park for the last couple of months dispelling the Occupy movement-driven myth of decades-long growing income inequality.

Here's the truth — “median income and consumption both rose by more than 50 percent in real terms between 1980 and 2009″:

Pethoukoukis's comment: “Income inequality may have increased in recent decades, but a stagnating middle class has not been the result. And the 1 percent didn't steal all the money.”

My addition: If anything the decline seen in the last two years graphed, driven by the POR (Pelosi-Obama-Reid) Economy since May or June of 2008, are making inequality worse. If anybody deserves demonization, it's those whose economic policies have fed and continue to feed those declines.