Turning his attention yet again to the economy, President Obama on Wednesday zeroed in on the “defining challenge” of this generation — growing income inequality between the richest 1 percent and the rest of America.
But the president didn’t unveil any grand proposals to tackle the problem; instead, he repeated a laundry list of initiatives centered on many familiar themes: economic growth through government investment; job training and education reform; stronger protections for labor unions and paycheck fairness legislation; a hike to the minimum wage; and a revamped approach to how Americans save for retirement in private accounts and in government programs such as Social Security.
Although his speech was short on specific ideas, it was big on ambition. The president talked in broad terms about how the greatest nation on earth must not allow the middle class to stagnate and the poor to get poorer as rich Americans’ net worth grows.
“I believe this is the defining challenge of our time — making sure our economy works for every working American. That’s why I ran for president,” Mr. Obama said at an event in Southeast Washington hosted by the left-leaning Center for American Progress. “It drives everything I do in this office. I know I’ve raised this issue before and some will ask why I raise the issue again right now. I do it because the outcomes of the debates we’re having right now, whether it’s health care, or the budget, or reforming our housing and financial systems, all of these things will have real practical implications for every American. I am convinced the decisions we make on these issues over the next few years will determine whether our children grow up in an America where opportunity is real.”
Pointing out widening income disparities is not new for Mr. Obama, who spoke of the issue often during both of his presidential campaigns. Indeed, it has become a focal point of politics in the U.S. and led some leaders such as former Sen. John Edwards, North Carolina Democrat, to declare there are “two Americas” — one for the rich and another for everyone else.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.