President Barack Obama on Wednesday cited Pope Francis' critical take on trickle-down economics in an address laying out his second-term economic priorities.
"Some of you may have seen just last week the pope himself spoke about this at eloquent length," Obama said at en event for the Center for American Progress. "How can it be, he wrote, that it's not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points. But this increasing inequality is most pronounced in our country. And it challenges the very essence of who we are as a people."
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