Dec. 4, 2013
For all of their mutual public admiration,
Presidents Clinton and
Obama
react differently to political trouble. Bill moved to the middle,
while Barack always moves left. So it's no surprise that Mr. Obama is
responding to his ObamaCare rollout slump by doing his best
Elizabeth Warren
imitation.
Mr. Obama returned to
his favorite theme of rising income inequality on Wednesday, which he
called "the defining challenge of our time." He ought to know since few
Presidents have done more to increase inequality than he has. Median
household income has fallen since the economic recovery began, while the
rich who own capital assets have done very well thanks to the Federal
Reserve's focus on reflating stock and home prices. Mr. Obama is the
Chief Economist of Nottingham posing as Robin Hood.
The President's political purpose here is what the pros call rallying
your base. Many Democrats are as dismayed as Republicans at ObamaCare's
rollout, so the White House wants to change the subject and give MSNBC
viewers something else to debate. Mr. Obama didn't have much new to
offer that would help the economy or the middle class, so instead he's
decided to escalate that hardy liberal perennial, the minimum wage.
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