Obama: great for plutocrats, for the middle class? Not so much.

Joel Kotkin, moderate Democrat on the Suburban revolt against hope and change.

Much of the suburban distress, of course, stems from the still perilous state of the economy. Obama’s mix of fiscal and monetary policies has provided much succor to Wall Street, where stock prices have soared 30 percent, and to big corporations, whose profits have risen by 42 percent. This has been great for Manhattan plutocrats -- but not particularly helpful for the suburban middle class.

Read the whole thing.