News / USA

Obama Puts Economic Focus on the Middle Class

Multimedia

Audio
TEXT SIZE - +

U.S. President Barack Obama is shifting his economic focus to the middle class.  His State of the Union address Wednesday will detail a series of initiatives to help middle-income families.

President Obama spent his first year in office trying to prevent the collapse of big financial firms, and stabilize the national economy.  Now, he is taking a more populist approach - focusing on the day-to-day issues that create money woes for many families.

He says it is part of an effort to show the administration cares about workers who are struggling to pay their bills or have anxieties about losing their jobs.

"We have just come through what was one of the most difficult decades the middle class has ever faced - a decade in which median income fell, and our economy lost about as many jobs as it gained," he said.

The president spoke at a meeting of a White House advisory panel set up to study the problems facing the middle class and propose solutions.

Among the ideas embraced by the administration are steps to cut the costs of child care for working parents, and help them save for retirement.  

The White House is also promising action to make it a little easier for middle-class students to pay for college, and to provide expanded community services to help families caring for elderly relatives.

President Obama is expected to talk about all these steps in his State of the Union address.  Aides say he will speak at length about job creation and other issues that affect the lives of ordinary Americans.

In his comments to the Middle Class Task Force, which is chaired by Vice President Joe Biden, Mr. Obama offered a preview.

"Hopefully, some of these steps will re-establish some of the security that has slipped away in recent years.  Because in the end, that is how Joe and I measure progress.  Not by how the markets are doing, but by how the American people are doing," said the president.

But Congressional Republicans say the president is not doing enough to create jobs.  In a written statement, the Republican leader in the House of Representatives, John Boehner of Ohio, said the initiatives announced by the White House do not go far enough and what is really needed is a set of new economic policies.

You May Like

Karzai to Discuss Enhancing Defense Ties with India

Afghanistan looking for more military aid as it prepares for withdrawal of NATO forces by next year More

India, China Pledge to Overcome Border Tensions

Indian prime minister and Chinese premier attempt to move past tense standoff in the Himalayas during Delhi talks More

Burmese President Opens US Visit with VOA Town Hall Meeting

Ahead of his meeting with President Obama Monday, Thein Sein answered questions on human rights and economic development in his country More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video Valley Fever Raises Concerns in California, Arizona

A longstanding health problem in California's Central Valley has worsened in recent years, leading health officials to order the relocation of 3,000 prisoners from two state prisons. But the disease affects much of the population in some rural communities and, Mike O'Sullivan reports, while it often goes unnoticed, it sometimes can be devastating for patients.