The National  Memo Logo

Smart. Sharp. Funny. Fearless.

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

WASHINGTON, District of Columbia (AFP) – President Barack Obama expressed concern in an interview published Sunday over widening income inequality and an erosion in upward mobility that he said is leading to a fraying of American society.

Obama told the New York Times that a growing gap between rich and poor and the lack of opportunities for average Americans to get ahead represents a sharp break with a long-held social compact which is central to the national identity.

Upward mobility once “was part and parcel of who we were as Americans,” Obama told The Times. “That’s what’s been eroding over the last 20, 30 years — well before the financial crisis. 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.”

“That’s not a future that we should accept,” Obama added.

The remarks echo comments he made this past week during a campaign-style swing in which he challenged a hostile Congress to work with him to restore middle class prosperity.

During stops in Illinois, Missouri and Florida, Obama made a robust defense of his stalled economic initiatives, which have been bottled up in the Republican-led House of Representatives.

The president said the financial meltdown of several years ago is still having a negative economic impact on middle and working class Americans, who already have been losing ground for at least a generation.

Obama’s efforts to re-initiate a debate over the economy comes with Congress reloading for a new round of battles over spending cuts and raising the debt ceiling.

He has touted his administration’s rescue of the auto industry, its health care reforms and its shoring up of the financial sector, among other achievements that have helped turn the economy around.

But it is vitally important, he said, that ordinary American reap the benefits of economic resurgence.

The president added: “If the economy is growing, everybody feels invested. Everybody feels as if we’re rolling in the same direction.”

While the economy is “far stronger” than when he took office four years ago, Obama said average Americans still do not feel secure about their future,” saying middle class people in the country are “anxious” and “frustrated.”

The president is bracing for renewed clashes with Republican lawmakers over the budget, battles which threaten to hurt the economy anew.

Republicans accuse Obama of offering nothing but higher spending and bigger government, and on Wednesday Republican House leader John Boehner mocked the president’s latest initiative.

The president hopes to negotiate a new budget compromise by October — the end of the current fiscal year — in order to head off the threat of a government shutdown.

As the November 2014 midterm elections loom in the distance, a new standoff over the debt ceiling looks increasingly likely.

Obama told The Times that he is eager to work with his Republican opponents — if they show the willingness and flexibility to work with him.

“I will seize any opportunity I can find to work with Congress to strengthen the middle class, improve their prospects, improve their security,” the president said.

But he added that he would not back down from a fight with his Republican opponents.

“I’m not just going to sit back if the only message from some of these folks is no on everything, and sit around and twiddle my thumbs for the next 1,200 days,” President Obama said.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Reprinted with permission from MediaMatters

The Atlantic staff writer Adam Serwer has a must-read new piece, "Trump's Plans for a Coup Are Now Public," really examining the scope of former President Donald Trump's multiple attempts to overthrow the results of the 2020 election.

Putting these pieces together becomes especially important in light of the newly revealed memo by Trump attorney John Eastman, who proposed that Vice President Mike Pence should have unilaterally refused to count Joe Biden's Electoral College votes — or even have just declared Trump the winner — at the joint session of Congress on January 6.

Keep reading... Show less

Mark Meadows

The House of Representatives select committee investigating the events of January 6 issued subpoenas on Thursday to former White House Chief of Staff Mark Meadows and three other allies of former President Donald Trump.

These are the first subpoenas announced by the committee and represent its intensifying interest in what transpired in the White House before and during the assault on the Capitol.

Keep reading... Show less
{{ }}