Posted on December 5, 2013

CNN Reporter To Carney: Despite His Speech, Income Inequality Has Increased Under Obama

JIM ACOSTA, CNN: A big part of his speech yesterday was about income inequality. I mean, he said this is one of the driving motivations of the remainder of his presidency. But that disparity has been exacerbated by...



JAY CARNEY: To the contrary. You were here, you saw that for the first time in decades because of the president we reduced unfairness in the tax code and addressed the imbalance through the deal at the end of last year. January 1 of this year.



ACOSTA: Wall Street is feeling the benefits of this recovery as it stands right now. People on the streets right now are protesting because they want a higher minimum wage. They're saying they're not feeling it.



CARNEY: Jim, I really, I urge you to look at the president's speech, look at the data. The fact is the president has long supported policies and continues to support policies and has taken action on policies that go right at this issue. That work is not done. There's no question that when he took office, that job for all of us in Washington and for everyone who's concerned about it this issue was made enormously more difficult by the worst economy we've seen in our lifetimes.