Though inequality has been rising for decades, the Great Recession catapulted the issue to the top of the policy agenda, costing millions of Americans their jobs and widening the gap between rich and poor. As the United States looks to reverse this trend, it faces a historic opportunity to lead a global transition to an inclusive model of economic growth.
We could blame Ike for starting the Korean War, knock George W. Bush for not stopping the USS Cole bombing, accuse Bill Clinton of not stopping the L.A. Riots of 1992 or even blame Reagan for the 1980 recession. Or presidential candidates could learn to see when the job that they aspire to actually begins.
The major reversal from deep decline to economic growth occurred despite Republican opposition to President Obama's proposals, repeated GOP threats to default on our debt obligations, and an incredibly harmful 16-day government shutdown. And not only have Republicans stood in the way of Democratic policies, but they're now attempting to take credit for the recovery itself.