President Obama challenges Congress on inequality

//President Obama challenges Congress on inequality

President Obama challenges Congress on inequality

Wednesday 29 January 2014 02.17

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US Vice President Joe Biden (L) confers with Speaker of the House John Boehner (R), prior to State of the Union address US Vice President Joe Biden (L) confers with Speaker of the House John Boehner (R), prior to State of the Union address President Obama to lay out a series of measures to build new ladders of opportunity into the middle class President Obama to lay out a series of measures to build new ladders of opportunity into the middle class

President Obama is now delivering his State of the Union address before a joint session of the US Congress in which he will set out his vision for what the White House is calling ‘a year of action.’

President Obama is expected to say he is willing to take action on his own if Congress can’t work together to help shrink the gap between the rich and poor.

He’s also set to announce plans to raise the minimum wage from $ 7.25 to $ 10.10 an hour for new federal contracts.

In the same speech last year, Mr Obama laid out an ambitious set of proposals but only managed to get two laws on the statute book.

The following are excerpts of the President’s State of the Union address, as prepared for delivery and released by the White House in advance of the speech.

“In the coming months, let’s see where else we can make progress together. Let’s make this a year of action.

That’s what most Americans want – for all of us in this chamber to focus on their lives, their hopes, their aspirations.

And what I believe unites the people of this nation, regardless of race or region or party, young or old, rich or poor, is the simple, profound belief in opportunity for all – the notion that if you work hard and take responsibility, you can get ahead.

Let’s face it: that belief has suffered some serious blows.

Over more than three decades, even before the Great Recession hit, massive shifts in technology and global competition had eliminated a lot of good, middle-class jobs, and weakened the economic foundations that families depend on.

Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better.

But average wages have barely budged. Inequality has deepened. Upward mobility has stalled.

The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by – let alone get ahead.

And too many still aren’t working at all. Our job is to reverse these tides. It won’t happen right away, and we won’t agree on everything.

But what I offer tonight is a set of concrete, practical proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class.

Some require congressional action, and I’m eager to work with all of you. But America does not stand still – and neither will I.

So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.”

“Opportunity is who we are. And the defining project of our generation is to restore that promise.”

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By | 2014-01-29T04:59:58+00:00 January 29th, 2014|Headlines|0 Comments