Austerity Will Only Worsen Inequality

The presidential election is receding in the rear view mirror, but its lessons should stay with us. Just weeks ago, both sides agreed that the race would be won by the candidate who convinced voters that he would do a better job for the middle class and achieve growth and opportunity for all. 

President Obama succeeded – overcoming the lingering impact of the Bush recession -- because voters rejected Mitt Romney’s recycled trickle-down policies of tax cuts for the rich and austerity for the rest of us.

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