January 26, 2015

POLITICO: Where Was Obama When The Middle Class Needed Him?

The past six years have seen a series of hits to middle-class economic security in the form of radical changes in healthcare; decreased pension guarantees from companies; less job security; and volatility in financial markets that has made retirement planning challenging. Cap that off with the massive hit to financial net worth because of the bursting of the housing bubble and you have a recipe for roiling discontent. Washington, meanwhile, anchored by the Obama administration, is widely seen as having done precious little other than shore up the financial system and the banks in 2009.

When it comes to the economy, in fact, Obama arguably has spent most of his presidency focused either on the needs of the very poor (the uninsured) or the very rich (Wall Street’s banks, which were nursed back to health).

Hey, they don’t call him President Goldman Sachs for nothing.

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