The National  Memo Logo

Smart. Sharp. Funny. Fearless.

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

As the five-year anniversary of the collapse of Lehman Brothers — which sparked the worst of the financial crisis — approaches, President Obama spoke to ABC’s George Stephanopoulos about the progress that has been made and the struggles that continue, particularly when it comes to wages.

“What do you say to those Americans who think Wall Street is winning but they’re not?” Stephanopoulos asked

“Well, let’s think about where we were five years ago,” the president responded. “The economy was on the verge of a Great Depression. In some ways, actually, the economic data and– the collapse of the economy was worse than what happened– in the 1930s. And we came in, stabilized the situation. We’ve now had 42 straight months of growth, seven and a half million new jobs created, 500,000 jobs in manufacturing, 370,000 jobs in an auto industry that– had completely collapsed.”

Pressed about a recent report that showed 95 percent of the gains of the recovery have gone to the richest 1 percent, Obama said he does think the president can play a role in decreasing income inequality, which studies show has been exacerbated by government policies.

“…if we have policies that make sure that– our kids are prepared for higher skilled jobs, if we have policies that make sure that we’re rebuilding our infrastructure, ’cause a robot can’t– build a road– and we need– you know, new ports and a smarter electricity grid, if we’re making investments– to make sure that– research and development continues to happen here, if we have– tax breaks for companies that are investing here in the United States as opposed to overseas, all those things can make the situation better,” he said.

He contrasted his policies with those proposed by the GOP.

“There’s no serious economist out there that would suggest that, if you took the Republican agenda of slashing education further, slashing Medicare further, slashing research and development further, slashing investments in infrastructure further, that that would reverse some of these trends of inequality.”

The president also reiterated that he will not negotiate with House Republicans when it comes to raising the debt limit to pay for debts Congress has already voted to incur.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Mark Meadows

Reprinted with permission from Alternet

Legal experts including a Harvard professor and a top election and voting rights attorney are weighing in on Sunday night's bombshell report from Rolling Stone naming members of Congress and the Trump administration who were involved in the planning and organizing of the January 6 rally and/or "Trump's efforts to overturn his election loss," according to two of the planners of the "Stop the Steal" rally.

Keep reading... Show less

Reps. Lauren Boebert, Louie Gohmert and Andy Biggs

Reprinted with permission from DailyKos

Several House Republicans—exactly the ones you would guess—were involved in planning meetings for protests on January 6 as Trump supporters tried to block the certification of the 2020 election and with it, Donald Trump's loss, two sources have detailed to Rolling Stone.
Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}