A community of 30,000 US Transcriptionist serving Medical Transcription Industry
"GALESBURG, Ill. — In a week when he tried to focus attention on the struggles of the middle class, President Obamasaid in an interview that he was worried that years of widening income inequality and the lingering effects of the financial crisis had frayed the country’s social fabric and undermined Americans’ belief in opportunity.
“If the economy is growing, everybody feels invested,” President Obama said in an interview last week in Galesburg, Ill. “Everybody feels as if we’re rolling in the same direction.”
Edited and condensed clips from The Times's interview.
Upward mobility, Mr. Obama said in a 40-minute interview with The New York Times, “was part and parcel of who we were as Americans.”
“And that’s what’s been eroding over the last 20, 30 years, well before the financial crisis,” he added.
“If we don’t do anything, then growth will be slower than it should be. Unemployment will not go down as fast as it should. Income inequality will continue to rise,” he said. “That’s not a future that we should accept.”
........
"Mr. Obama in the interview called for an end to the emphasis on budget austerity that Republicans ushered in when they captured control of the House in November 2010.
Edited and condensed clips from The Times's interview.
The priority, he said, should be spending for infrastructure, education, clean energy, science, research and other domestic initiatives of the sort he twice campaigned on.
“I want to make sure that all of us in Washington are investing as much time, as much energy, as much debate on how we grow the economy and grow the middle class as we’ve spent over the last two to three years arguing about how we reduce the deficits,” Mr. Obama said. He called for a shift “away from what I think has been a damaging framework in Washington.”
The president did not say what his legislative strategy would be. Even as he spoke, House Republicans were pushing measures in the opposite direction: to continue into the fiscal year that starts Oct. 1 the indiscriminate across-the-board spending reductions — known as sequestration — that Mr. Obama opposes, and to cut his priorities deeper still."
[Entire article at link below.]
