360° Coverage : Obama warns of growing inequality in US

1 Updates
Obama warns of growing inequality in US
Photo Credit: BRENDAN SMIALOWSKI, Getty Images

Obama warns of growing inequality in US

Jul 25 2013, 12:17am CDT | by IANS

Washington, July 25 (IANS/EFE) President Barack Obama Wednesday warned of "growing inequality" in the US despite the fact that the country has left behind the worst economic crisis since the Great Depression.

Washington, July 25 (IANS/EFE) President Barack Obama Wednesday warned of "growing inequality" in the US despite the fact that the country has left behind the worst economic crisis since the Great...

Filed under: news

Tweets

 
 
 

2 years ago

Obama warns of growing inequality in US

Jul 25 2013, 12:17am CDT | by IANS

Washington, July 25 (IANS/EFE) President Barack Obama Wednesday warned of "growing inequality" in the US despite the fact that the country has left behind the worst economic crisis since the Great Depression.

Washington, July 25 (IANS/EFE) President Barack Obama Wednesday warned of "growing inequality" in the US despite the fact that the country has left behind the worst economic crisis since the Great Depression.

"(T)his growing inequality is not just morally wrong, it's bad economics," Obama said in a much-heralded speech at Knox University in Galesburg, Illinois.

Reversing that trend "has to be Washington's highest priority", he said. "It's certainly my highest priority."

"Unfortunately, over the past couple of years, in particular, Washington hasn't just ignored this problem, too often, Washington has made things worse," the president said, pointing to what he characterized as obstructionism by "a sizable group of Republican lawmakers".

"I care about one thing and one thing only, and that's how to use every minute - 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," Obama said.

"And it may seem hard today, but if we're willing to take a few bold steps - if Washington will just shake off its complacency and set aside the kind of slash-and-burn partisanship that we've just seen for way too long - if we just make some common-sense decisions, our economy will be stronger a year from now," he said.

He noted that over the last 40 months US firms have created 7.2 million new jobs and that this year the growth in private sector employment is the strongest since 1999.

--IANS/EFE

rd

IANS

Source: IANS

 
Update
1

Tweets

 
 
 

blog comments powered by Disqus

Latest stories

Meet the Three Americans that Stopped a Terrorist on a French Train
Meet the Three Americans that Stopped a Terrorist on a French Train
Three American dudes on a trip to Europe take down a terrorist on a train. Beat that vacation story.
 
 
Donald Trump Uninvited from Red State
Donald Trump Uninvited from Red State
Some more bad news just came in for GOP frontrunner Donald Trump: the candidate for president is making even more enemies than he had before. Donald Trump has basically been fired from speaking at a conference by Erick...
 
 
Obama Announces Biggest Ever Plan to Tackle Climate Change
Obama Announces Biggest Ever Plan to Tackle Climate Change
President Obama’s plan to tackle climate change is a foolproof method for the future.
 
 
Osama Bin Laden's Extended Family Members Die in UK Plane Crash
Osama Bin Laden's Extended Family Members Die in UK Plane Crash
Osama Bin Laden's extended family members died. The tragedy took place at Blackbushe Airport.