News / Economy

    Obama Puts Economic Focus on Middle Class

    Obama Restarts Campaign To Boost Economic Recoveryi
    X
    July 24, 2013 11:37 PM
    President Barack Obama has made the first in a series of speeches intended to focus attention on his efforts to accelerate the economic recovery. VOA’s Kent Klein reports from the White House.
    Obama Restarts Campaign To Boost Economic Recovery
    Kent Klein
    President Barack Obama has made the first in a series of speeches intended to focus attention on his efforts to accelerate the  economic recovery. 
     
    At a college in the small town of Galesburg, Illinois, President Obama reminded Americans that he is committed to extending the economic recovery to the poor and the middle class.
     
    “The only thing I care about is how to use every minute of the remaining 1,276 days of my term to make this country work for working Americans again," he said. 
     
    The speech was the first of three the president will give on the economy this week, with more expected in the coming months.  It was the latest of numerous White House re-starts on the economy. 
     
    Obama accused opposition Republicans in Congress of blocking his economic plans for political reasons.
     
    “But with this endless parade of distractions and political posturing and phony scandals, Washington has taken its eye off the ball.  And I am here to say this needs to stop. This needs to stop," he said. 
     
    As in the past, he called for improvements to infrastructure, the tax code, the home mortgage system, education and the minimum wage, as well as implementing his health care reform plan - which House Republicans have voted to repeal.
     
    Polls show Americans are worried about the sluggish economy. 
     
    Steve Bell heads economic studies at Washington’s Bipartisan Policy Center.
     
    “By about a two-to-one margin, Americans think the country is going in the wrong direction, it has gotten off track.  It has been that way now for about six or seven years," he said. 
     
    Bell says Americans can see that the slow economic recovery is not reaching the working class.
     
    “Bit by bit, Americans feel in their, you know, feel in their bones when things in their community are not going right," he said. 
     
    But, he says, the president’s economic proposals face as much Republican opposition as ever.
     
    Before Obama delivered his speech, the top Senate Republican, Minority Leader Mitch McConnell, dismissed it. 
     
    “It’s just such a colossal waste of time and energy - resources that would be better spent actually working with both parties in Congress to grow the economy and create jobs," he said. 
     
    Despite the opposition, the president hopes to increase public pressure on Congress to avoid showdowns over taxes and spending in the coming months.

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    by: Gregory H. Bontrager from: Hutchinosn, KS
    July 25, 2013 9:17 AM
    We need Reagan
    If Ronald Reagan had been elected in 2008, the recession of that year would be a receding memory. Instead of fleeing the country to escape unreasonable taxation and regulation, a renaissance would be sweeping American businesses. The national coffers would be overflowing with tax revenue from a booming economy. Unemployment would be a fading nuisance and our military would be second to none.

    A Reagan administration would promote technologies like “fracking” and the Keystone Pipeline to make us energy independent. The Chinese would never attempt to hack Reagan White House computers and Iran and North Korea would be quivering under a rock.

    Instead of Reagan’s vision of a “shining city on the hill,” we are being guided into a slum by a Pied Piper and a Democratic Party that knows no shame.
    Does anybody ever look at Al Gore and think, “My God, this guy was almost elected president?” In five years, will anybody look at Barack Obama and think, “My God, this guy got elected president twice?”

    by: Yoshi from: Sapporo
    July 24, 2013 9:38 PM
    How can we save the poor? How can we boost the middle? The best way to save the poor seems to not produce the poor. The best way to boost the middle seems to redistribute profits properly. I wonder if such society would really exist and would actually come. Japan possibly had been one of the such countries before.

    by: John from: NY
    July 24, 2013 6:52 PM
    there is no more midlle class in the USA, there is only rich 3 % and indebted poor 97 % just like greece, portugal.....so on
    In Response

    by: eddy from: Shanghai
    July 26, 2013 4:22 AM
    China is worse than any one

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