Word!

from Investors Business Daily

Here's more evidence of just how successful President Obama has been at "spreading the wealth around" since he took office.

A Pew Research Center report released on Wednesday found that the gap in net worth between the country's wealthy and the middle class reached record highs in 2013 -- the last year for which it has data.

According to Pew, which used data from the Federal Reserve's Survey of Consumer Finances, upper-income median net worth in 2013 was 6.6 times greater than the median net worth of middle-income families ($639,400 vs. $96,500).

That's up from 4.5 in 2007, the last year before the recession hit, and higher than it was in 2010, when the Obama recovery was just getting started. Pew also found that, prior to Obama, the biggest wealth gap in the past three decades was 5.0.

The study notes that the net worth of wealthy families is almost 70 times that of lower-income families, which is also the widest in three decades.

"The Great Recession destroyed a significant amount of middle-income and lower-income families' wealth," Pew researchers Richard Fry and Rakesh Kochhar note, "and the economic 'recovery' has yet to be felt for them." (Note that the scare quotes around the word "recovery" were theirs, not ours.)

An earlier Pew paper found that whites have fared far better under Obama in terms of net worth than either blacks or Hispanics.

Obama routinely bashes "trickle down" economics. But it seems pretty clear that his attempt at "trickle up" growth has pretty much utterly failed.