January 12, 2012

a message for our times . . .

I hope that Sahil Kapur over at TPM is right in his assessment that the President will make economic inequality a central theme to his re-election campaign.
If a speech Thursday morning by one of his top economists is any indication, President Barack Obama is going all in with the 2012 re-election message of stemming the rise in income inequality and reforming a system that’s increasingly perceived to be rigged in favor of the rich.

White House Council of Economic Advisers Chairman Alan Krueger rattled off a flurry of statistics illustrating the rise of inequality and its connection to the shrinking middle class. He blamed it on economic policies tilted to favor top earners — including income tax reforms (presumably during the Bush era) and the “drastic cut in the estate tax.”

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