The Real Culprits

If Obama really wants to know who is to blame for our current economic crisis, he can start with this:

University of California Berkeley economist Emmanuel Saez has pointed out that in 2006 the richest one-tenth of American families accounted for 49.7 percent of all income that year, the highest share since 1917. From 1993 to 2006, the top 1 percent of American families captured about half of the nation's overall income growth, and from 2002 to 2006 [the top 1 percent captured almost three-quarters of income growth](http://www.econ.berkeley.edu/~saez/saez-UStopincomes-2006prel.pdf).