Obama: Economy is coming back
President Obama, facing Nov. 4 elections that will determine the makeup of Congress for his last two years in office, said Thursday that the once-shattered American economy is coming back, but many Americans still don’t feel the benefits.
Outlining what he called a “new foundation for growth and prosperity,” Obama touted his energy, technology, education, health care agendas. He cited statistics showing a steady rise in jobs (including manufacturing jobs), a decline in the unemployment rate, the comeback of the U.S. car industry, and falling federal budget deficits.
In stumping for a continuation of his economic policies, Obama also called on Congress to approve more road and bridge spending, new rules for home loans, investments in clean energy, laws on pay equity between men and women, and an increase in the minimum wage.
Obama also mocked Republican economic policies, saying they favor the wealthy over the middle class.
For their part, Republicans said that Obama-era spending and regulatory policies are what is slowing the economy.
Republicans are expected to maintain control of the U.S. House next month, and have high hopes of seizing control of the Senate from the Democrats.
The “central challenge of our times,” Obama said, is to “make our economy work for every working American.”
Source: Usatoday-Obama: Economy is coming back
