As Barack Obama rails against "income inequality" (read: free market capitalism) and "trickle-down economics" (read: free market capitalism), it's worth remembering this simple fact.
Obama has been president for coming up on six years. Every one of his many promises: hope, change, shovel-ready, Stimulus, cash-for-clunkers, green energy, Solyndra, Dodd-Frank, Obamacare, keeping your health care plan, keeping your doctor... every single one has been a disaster. Every single one of his Utopian fantasies has increased misery, poverty, and malaise.
And who has benefited the most from his policies? The federal bureaucracy and Democrat apparatchiks around the Beltway:
DC – i.e., government employees – got richer compared to the rest of America. What also happened back then was a newly-Democrat Congress adding hundreds of billions to government spending, followed of course by President Obama and his 2009 “Porkulus”.
Insofar as it applies to D.C. first, I agree with Obama. Income inequality must be addressed. Let's start with the ruling class in D.C. by slashing every non-defense discretionary agency by 50 percent. For starters.