Reuters - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
WASHINGTON (AP) — The American public will get a competing mix of rhetoric and imagery in President Barack Obama's State of the Union address Tuesday, a speech that offers a heavy dose on the economy even as it plays out against a visual backdrop dominated by the current national debate over guns.
President Barack Obama, facing renewed battles with congressional Republicans over fiscal policy and the debt ceiling, accused his political opponents of diverting attention from the task of boosting the U.S. economy.
“With an endless parade of distractions, political posturing and phony scandals, Washington has taken its eye off the ball,” Obama said Wednesday in an address at Knox College in Galesburg, Illinois. “I am here to say this needs to stop.”
IN 2009, Carmen Reinhart and Kenneth Rogoff published This Time is Different, an empirical study of financial crises going back to the Middle Ages. Widely lauded by economists of all stripes, the book shows that recoveries following financial crises take a long time. Barack Obama, the U.S. president, has taken this message on the road to explain why he ought to be reelected despite a lacklustre economic record.