Remember when President Obama was considered an economic populist as he traipsed across the country in 2008, singing denunciations of George W. Bush's policies?
It seems we're about to see more of Obama's populist side in the next two years, as the White House promises a renewed fight over the tax code and as the president approaches the topic of deficit reduction with some decidedly populist rhetoric.
With his base disquieted by the compromise over extending Bush's tax cuts, Obama returned to material he used in stump speeches in 2008 at a press conference Wednesday afternoon.
"I think middle-class folks would confirm what the stats say, which is that they have not seen a real increase in their incomes in a decade, while their costs have skyrocketed. That's just a fact," Obama said, when asked to defend his tax-cut deal to skeptical middle-class Americans.
"What is also a fact is that people in the top one percent, people in the top one tenth of one percent, or one one-hundredth of one percent ... have a larger share of income and wealth than at any time since the 1920s. Those are just facts. That's not some feeling on the part of Democrats," the president continued.
He used the same statistics in multiple 2008 speeches attacking Bush's economic policies, painting John McCain as a Bush clone who wouldn't look out for the middle class.