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November 18, 2017

Obama speaks of Budget, middle-class economics and job growth in America


Newsroom24x7 Desk

Barack ObamaWashington DC, Feb.8: US President Barack Obama has highlighted the progress the US economy has made, with more than 3.1 million jobs created in 2014 – the best year for job growth since the late 1990s.

In his weekly address this saturday, Obama focussed attention on more job avenues that have been created in America. He said that America has has come a long way, and with the right policies, “we can continue to grow our economy into one where those who work hard can get ahead.”

Earlier during the week, Obama released a budget proposal focused on middle-class economics. The President said he looks forward to working with anyone, Republican or Democrat, who is willing to fight for commonsense policies that will help the middle class succeed.

Speaking from Ivy Tech Community College in Indianapolis, Obama said: “our businesses continue to create jobs for hardworking folks all across the country. Last month, America’s businesses added another 267,000 jobs. In 2014, the country’s economy created more than 3.1 million jobs in all — the best year for job growth since the late 1990s. All told, over the past 59 months, the private sector has added 11.8 million new jobs—the longest streak on record. And in the single most hopeful sign for middle class families, wages are rising again.America is poised for another good year – as long as Washington works to keep this

progress going, the President said adding we have to choose — will we accept an economy where only a few of us do spectacularly well, or will we build an economy where everyone who works hard can get ahead?

This week, Obama said, he sent Congress a budget built on middle-class economics. It helps families afford childcare, health care, college, paid leave at work, homeownership, and saving for retirement, and it could put thousands of dollars back into the pockets of a working family each year. It helps more Americans learn new skills to earn higher wages, including by making two years of community college free for responsible students all across the country. It invests in the research and infrastructure businesses need to compete and create high-paying jobs. And it pays for this with smart spending cuts and by fixing a tax code that’s riddled with special- interest loopholes for folks who don’t need them, allowing to offer tax breaks to students and families who do need them.

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