President Barack Obama has some bad news for poor and working class Americans: He’s going to spend the final three years of his presidency attacking the income gap.
“The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” the president said in a recent speech.
No coincidence the pledge to stamp out inequality comes at the same time Obama’s popularity and performance ratings are plunging due to the Obamacare fiasco. He always pivots to populism when he gets in trouble.
But this is no grand shift. Obama has been playing Robin Hood since Day One. All his major initiatives have been built on soaking the rich.
And what’s happened? Those on the bottom rungs of the economic ladder have less disposable income than they did when he took office, and the fat cats are fatter than ever.