Daily Archives: April 24, 2013

Rich are getting a lot richer

Another report documents how the rich are getting richer while most everyone else is treading water or sinking. According to a new study by the Pew Research Center, the upper 7 percent of American households saw their average net worth increase 28 percent from 2009 to 2011, while the wealth of the other 93 percent declined by an average of 4 percent. “The changes mean that the wealth gap separating the top 7 percent and everyone else increased from 18-to-1 to 24-to-1 between 2009 and 2011,” the Washington Post reported.

Public opinion of George W. Bush is improving

As George W. Bush’s presidential library is set to open Thursday, Americans are changing their opinion of the former president. When he left office in 2009, Bush’s approval rating was at 33 percent. A new Washington Post/ABC News survey shows Bush with a 47 percent approval rating (the same as President Obama). That is Bush’s highest approval rating since December 2005. The biggest gain was in Bush’s handling of the economy, which went from 24 percent approval in 2008 to 43 percent today. However, 57 percent of Americans still disapprove of Bush’s decision to invade Iraq.