The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

By Angela Greiling Keane, Bloomberg News (TNS)

WASHINGTON — President Barack Obama said he’s focusing the end of his presidency on increasing income equality because the recovery’s benefits haven’t spread to the middle class while enriching the wealthiest Americans, according to an interview he gave to website Vox.com.

In a Jan. 23 interview published Monday, Obama said it’s necessary to use tax policy to boost the economic outlook for teachers, construction workers and other middle- and lower-class Americans because so much wealth is concentrated with corporations and the wealthiest individuals.

“What we’ve proposed, for example, in terms of capital gains, that would make a big difference in our capacity to give a tax break to a working mom for child care,” Obama said of his tax proposal on which he hopes to work with congressional Republicans to pass.

“That’s smart policy, and there’s no evidence that would hurt the incentives of folks at Google or Microsoft or Uber not to invent what they invent or not to provide services they provide,” the president said. “It just means that instead of $20 billion, maybe they’ve got 18, right? But it does mean that Mom can go to work without worrying that her kid’s not in a safe place.”

In the interview, Obama used the liberal tone that he’s invoked more often since Democrats lost control of the Senate in November’s midterm elections.

He urged activism at the shareholder level to improve prospects for workers in the U.S. and abroad, saying the days are gone when a company was rooted to a community and compelled to invest in people and civic institutions. He blamed globalization and focus on quarterly profits for what he says is a need for the government today to play a bigger role in making sure there’s a safety net for individuals than in the era when companies were more closely aligned with communities.

Photo: U.S. President Barack Obama speaks during a meeting with a group of young undocumented immigrants in the Oval Office of the White House on Feb. 4, 2015 in Washington, D.C. The five immigrants, known as “dreamers,” who meet with the president have received protections from deportation under a program Obama implemented in 2012. (Olivier Douliery/Abaca Press/TNS)

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Rep. Adam Kinzinger

When the flags fly proudly on the Fourth of July, I remember what my late father taught me about love of country. Much as he despised the scoundrels and pretenders he liked to call "jelly-bellied flag flappers," after a line in a favorite Rudyard Kipling story, he was deeply patriotic. It is a phrase that aptly describes the belligerent chicken hawk who never stops squawking — someone like Ted Cruz or Donald Trump.

Like many who volunteered for the U.S. Army in World War II, my dad never spoke much about his four tough years of military service, which brought him under Japanese bombardment in the Pacific theater. But eventually there came a time when he attached to his lapel a small eagle-shaped pin known as a "ruptured duck" — a memento given to every veteran. With this proof of service, he demonstrated that as a lifelong liberal, he loved his country as much as any conservative.

Keep reading... Show less

Liz Cheney

YouTube Screenshot

Rep. Liz Cheney delivered two clear warnings during last week's House Select Committee hearings. One was to Donald Trump aides and allies who conspired with him to violently overthrow our government. The second was to those who merely observed these crimes but refuse to tell what they know.

The first message: the game is up because the J6 committee has the goods on Trump’s conspiracy, the coverup and the witness tampering so it’s time to either rat out Donald to save your own skin or give up any hope of leniency when indictments are handed out.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}