Obama: Budget Tightening Could Widen Income Gap
Once Obama bankrupt the government maybe we can get back to getting America back on track.
Check it out:
On the fifth anniversary of the Lehman Brothers collapse, President Barack Obama says the Republican focus on budget tightening could widen income disparities in the nation even as the economy climbs out of a debilitating recession.
Trying to lay claim to an economic turnaround, Obama acknowledged that despite progress, middle and low-income Americans have not benefited as much as the top 1 percent in the country.
“We came in, stabilized the situation,” he told ABC’s “This Week” in an interview broadcast Sunday. He cited 42 months in a row of growth, 7 1/2 million jobs created and a revitalized auto industry.
“The banking system works. It is giving loans to companies who can get credit. And so we have seen, I think undoubtedly, progress across the board,” he said.