ANALYSIS-Obama seeks lifeline for struggling U.S. families

Newswire

By Tom Brown MIAMI, Dec 23 (Reuters) - U.S. President-elect Barack Obama has promised to confront income inequality and the falling fortunes of the working- and middle-class but faces a huge challenge to reverse decades of decline. The slide from the middle class to the ranks of the working poor gained momentum in eight years under President George W. Bush and fighting that trend will define much of Obama's early years as he faces the worst recession in post-war history. "My ...

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