One of President Obama’s political heroes, Abraham Lincoln famously said, “It is true that you may fool all of the people some of the time; you can even fool some of the people all of the time; but you can’t fool all of the people all of the time.” The question for today’s politicians is, can you fool 99% of the people 100% of the time? That is, can you create and implement policies that blatantly serve a tiny fraction of the people at the expense of all of the people and get away with it?
As President Obama’s populist rhetoric heats up into campaign mode and important measures of his own and his party’s performance lag, the question arises, will the voters notice amidst all of the rhetoric that the job market is not improving and income inequality is growing?
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