Only "a very small slice" of the country has benefited from the economic recovery, said Bill Daley, former White House chief of staff for President Barack Obama,
The Washington Free Beacon reported.
According to Daley, in the past six years, the administration's economic policies have failed to tackle income inequality or contribute to wage growth for the middle class.
Daley said that if former Secretary of State Hillary Clinton is elected president, she would be tasked with finding a way to approach the economy differently.
"She can't run as the third term of Barack Obama," Daley said.
He added that presidential candidates must find a way to develop economic policies that will benefit larger proportions of the population.
The comments came on the heels of Clinton's announcement Sunday that she would run for the presidency.
In a video roll-out, she focused on the stories of middle class people, all of whom talked about looking forward to a new chapter in their lives.
Some pundits have suggested that Clinton was adopting a populist strategy that focuses on helping the middle class reap the rewards of the economic recovery under Obama, which has so far disproportionately benefited the wealthy.
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