Welcome, Mr. President!
How exciting that President Barack Obama will visit Chattanooga.
He’s taking his fight against an obstructionist Congress to the country, and it is gratifying to see him coming out swinging.
In Galesburg, Ill., on Wednesday, his words could not possibly have rung any truer:
“Washington has taken its eye off the ball, and … this needs to stop,” he said. “Washington doled out bigger tax cuts to the very wealthy and smaller minimum wage increases for the working poor. And so what happened was that the link between higher productivity and people’s wages and salaries was broken. It used to be that, as companies did better, as profits went higher, workers also got a better deal. … That started changing. So the income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family’s incomes barely budged.”
Now “the meat cleaver called the sequester” is making the problem worse by cutting spending when the economy needs new investments. The GOP-controlled House also is damaging the nation’s credit with threats of not paying government bills.