Showing posts with label War on Poverty. Show all posts
Showing posts with label War on Poverty. Show all posts

Tuesday, February 4, 2014

President Obama's State of the Union address - "At least they're thinking about it..."

By Charles Brooks
(Official White House Photo by Chuck Kennedy)
In the days leading up to President Barack Obama’s fifth State of the Union (SOTU) address, income inequality emerged as a highly anticipated topic to be discussed. This was quite understandable and actually made sense considering the recent events - the president’s speech on income inequality (though billed as a speech on economic mobility), his announcement of the Promise Zones as part of his administration’s anti-poverty strategy, and the celebration of the 50th anniversary of the War on Poverty. As the president delivered his address and spoke about working hard and getting ahead in America, he said, “Now, 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.” The President continues, “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 to get ahead. And too many still aren't working at all. So our job is to reverse these trends.”