Obama's prosperity pledge not squaring with reality

May 9, 2011 | | The Washington Post |

“All indications are that ensuring a strong middle class is going to take a lot more bold policy making than is on the table now in Washington,” said Tamara Draut, vice president of policy and programs at Demos, an economic advocacy organization. “Given all the talk about spending cuts as the only way to trim the deficit, it is going to be very difficult to rally support around bold new public investments that we know are key to creating a strong middle class.”

But Obama is unlikely to embrace major new government spending. Politically, he is trying to win over independents wary of the deficit, and any kind of stimulus would probably be dead on arrival, as most Republicans would oppose it.