NY TIMES: "Though it was lacking in specific new policy prescriptions, (President Obama's) hourlong speech and the days of buildup that preceded it marked the president’s starkest attack on what he described as the “breathtaking greed” that contributed to the economic turmoil still reverberating around the nation. At one point, he noted that the average income of the top 1 percent — adopting the marker that has been the focus of the Occupy movement — has gone up by more than 250 percent, to $1.2 million a year. The new tack reflected a decision by the White House and the president’s campaign aides that — with the economic recovery still lagging and Republicans in Congress continuing to oppose the president’s jobs proposals — the best course for Mr. Obama is to try to present himself as the defender of working-class Americans and Republicans as defenders of a small elite."

(Source: terrorr)