Magazine February 6, 2012, Issue

The President’s Depressing Statistics

Obama is simply wrong about economic mobility

On January 12, Council of Economic Advisers chairman Alan Krueger gave a speech on inequality at the Center for American Progress. It was the second salvo of what is shaping up to be a major campaign theme for President Obama: the problems posed by inequality, in particular the lack of opportunities for the poor and the middle class. It is understandable that the president and his advisers find this theme attractive. The likely Republican nominee is a former private-equity captain worth as much as $250 million who likely pays a marginal tax rate of 15 percent on the income he

Scott Winship — Mr. Winship is a resident scholar at the American Enterprise Institute and its director of poverty studies.

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