Obama's Misguided Obsession With Inequality  He uses statistics
that ignore taxes and transfer payments. Faster growth is what
the poor really need.  Dec. 22, 2013 6:07 p.m. ET  In his widely
noted speech, President Obama said that "a dangerous and growing
inequality and lack of upward mobility" is "the defining
challenge of our time." This belief makes Mr. Obama unique:
Unlike the other presidents since World War II, he places
inequality above economic growth as the organizing principle of
U.S. economic policy. The president's Dec. 4 speech, at an event
hosted by the Center for American Progress, also stressed that
increasing inequality is a "decades-long trend"—which carries
with it the strong implication that the country needs to reverse
the direction it has...  Available to WSJ.com Subscribers