All this suggests, not for the first time, that the President might be a better tactician than his critics. But outmaneuvering his political opponents is not the same thing as achieving a country that, as he said last week, “values fairness.” The most persistent and corrosive feature of American life over the past three decades is income inequality: it rose steeply during Clinton’s first term, and, despite his budget victory, it continued to go up in his second.
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