Center for American Progress

Obama Puts the Middle Class First (Surprise: So Do Economists)
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Obama Puts the Middle Class First (Surprise: So Do Economists)

President Obama's second term could spell the end of "trickle-down" and the beginning of something that might be called "middle-out" economics.

“We believe that America’s prosperity must rest upon the broad shoulders of a rising middle class,” President Barack Obama said in his second inaugural address Monday in Washington, D.C. It sounds like a remarkable, even wishy-washy, bromide. In fact, it’s the backbone of a bold and somewhat revolutionary new economic policy.

The above excerpt was originally published in The Atlantic. Click here to view the full article.

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Authors

Heather Boushey

Senior Fellow

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