Welcome Guest   |  Login   |   Signup
JG Logo
Tue, February 7, 2012
Archive Search

Obama Says Middle Class Key Component to American Recovery
September 05, 2010

In this file photo, President Barack Obama walks out of the Oval Office to the Rose Garden of the White House in Washington. Obama said on Saturday that the middle class were instrumental to reviving the economy. (AP Photo/Pablo Martinez Monsivais) In this file photo, President Barack Obama walks out of the Oval Office to the Rose Garden of the White House in Washington. Obama said on Saturday that the middle class were instrumental to reviving the economy. (AP Photo/Pablo Martinez Monsivais)
Share This Page
5
0
0
0
Share with google+ :


Post a comment
Please login to post comment

Comments

Be the first to write your opinion!

A strong economy needs bustling Main Streets and a thriving middle class, not just a healthy stock market, President Barack Obama said in paying tribute to the American worker just two days before Labor Day.

In his weekly radio and Internet address on Saturday, Obama outlined what he had done to help the middle class, a group he said had been squeezed the most during the recession.

He spoke of efforts to create jobs, help the middle class build retirement nest eggs, cut taxes and stop health insurance companies from refusing to cover people with pre-existing medical conditions.

Labor Day is about more than grilling food and spending time with family and friends, Obama said. “It’s also a day to honor the American worker — to reaffirm our commitment to the great American middle class that has, for generations, made our economy the envy of the world,” he said.

But Obama said that, for a decade, middle-class families had experienced stagnant incomes and declining economic security while tax breaks were given to companies that shifted jobs overseas.

“So this Labor Day, we should recommit ourselves to our time-honored values and to this fundamental truth: To heal our economy, we need more than a healthy stock market; we need bustling Main Streets and a growing, thriving middle class,” Obama said.

“That’s why I will keep working day by day to restore opportunity, economic security and that basic American dream for our families and future generations.” 


Associated Press