Inequality and economic growth

A worthy new addition to my "Theatre of the Absurd" section, coming from no one else but President Obama himself:
“In this country, broad-based prosperity has never trickled down from the success of a wealthy few. It has always come from the success of a strong and growing middle class,” Obama intends to say, according to the prepared text. “That’s why studies have shown that countries with less inequality tend to have stronger and steadier economic growth over the long run.”

Yes, just look at Europe...
(I presume the President had in mind capitalist countries, because there is even less inequality in Cuba or North Korea.)