One of the good things about losing the Senate is that it liberates President Obama from his habit of trying to placate Congress. He can act as he wants, and say what he wants. Given that the things he says and wants have wide support, albeit inch-deep support, this is of huge political benefit.
One thing he’s free to say now is that America deserves a raise, because it does. So-called Wall Street “analysts,” with their 8-figure incomes, love to bemoan “wage pressures” on the economy, as though that’s the worst thing that could possibly happen. But America has been under wage pressure for years, from the wealthy, and the economy has done fine.
The great historic achievement of this President, history will record, is what he has done for the rich. While the percentage of national income held by the rich fell sharply during the Great Depression, and in fact fell after every panic before that, it has recovered completely since the Great Recession, which this President solved through stimulus and an activist Federal Reserve. This President kept the rich from poverty