Friday, November 2, 2012

The Full Feed from HuffingtonPost.com: U.S. Adds 1.1 Million Millionaires Under President Obama: Report

The Full Feed from HuffingtonPost.com
The Full Feed from HuffingtonPost.com
U.S. Adds 1.1 Million Millionaires Under President Obama: Report
Nov 2nd 2012, 19:27

Debate over the strength of the U.S. economy has been at the heart of much of this year's presidential election. Republican nominee Mitt Romney has continually slammed President Barack Obama on his economic record and accused him of being "anti-wealth," but a recent survey from British analyst WealthInsight reports the U.S. has added 1.1 million millionaires since Obama was elected in 2008.

According to the London-based wealth-analysis group, the figure means the number of millionaires has grown by 28.6 percent. This is equivalent to over a thousand new millionaires per day during Obama's first three years, according to a press release obtained by The Huffington Post.

"It doesn't really fit the campaign rhetoric that one side is against the rich and the other is for," WealthInsight analyst Christopher Rocks said. "The total number of millionaires is growing and will continue to grow whether Obama or [Mitt] Romney is elected."

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