Inequality: Obama picks the wrong war | New York Post

Inequality: Obama picks the wrong war | New York Post: "President Obama has his answer to Lyndon Johnson’s “War on Poverty.” It is a war on inequality.

The president’s formal declaration of hostilities came last week in a speech at the Center for American Progress, predictably praised as brilliant by his journalistic cheerleaders and touted by the White House as setting out the cause that will define the rest of his presidency.

While LBJ’s war on poverty is nothing to emulate — it costs $900 billion a year, yet has manifestly failed in the stated goal of uplifting the poor — at least it had a clear, compelling rationale. Who can disagree that it would be better if fewer Americans were poor? Obama’s implicit argument is that it would be better if fewer Americans were rich, or at least if they weren’t quite so offensively rich."

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