Prophecy, in retrospect.

Emmanuel Saez is a Professor of Economics at the University of California in Berkeley.  In 2003 he published an article on the income inequality in the US, and updated it in 2007.  This chart comes from the data in his study:

Interesting correlation between income inequality and economic meltdowns in an industrial economy, and another piece of information that reinforces my belief that Obama inherited an economy as bad as the Great Depression.