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View Diary: Obama's interview with the Economist - MUST HEAR (10 comments)

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  •  Nice bits from that section (7+ / 0-)
    There’s a huge gap between the professed values and visions of corporate CEOs and how their lobbyists operate in Washington. And I’ve said this to various CEOs. When they come and they have lunch with me—which they do more often than they probably care to admit (laughter)—and they’ll say, you know what, we really care about the environment, and we really care about education, and we really care about getting immigration reform done—then my challenge to them consistently is, is your lobbyist working as hard on those issues as he or she is on preserving that tax break that you’ve got? And if the answer is no, then you don’t care about it as much as you say.

    Now, to their credit, I think on an issue like immigration reform, for example, companies did step up. And what they’re discovering is the problem is not the regulatory zealotry of the Obama administration; what they’re discovering is the dysfunction of a Republican Party that knows we need immigration reform, knows that it would actually be good for its long-term prospects, but is captive to the nativist elements in its party.

    And
    Last point I’ll make on this: If you look at what’s happened over the last four or five years, the folks who don't have a right to complain are the folks at the top. Where we have made less progress than I would like, and is my obsession since I came into office and will continue to be my obsession until I leave office and afterwards, is the broader trend of an increasingly bifurcated economy where those at the top are getting a larger and larger share of GDP, increased productivity, corporate profits, and middle-class and working-class families are stuck. Their wages and incomes are stagnant. They’ve been stagnant for almost two decades now. This is not a phenomenon unique to the United States, but it is global.

    And this to me is the big challenge: How do we preserve the incredible dynamism of the capitalist system while making sure that the distribution of wealth and incomes and goods and services in that system is broadly based, is widely spread?

    http://www.economist.com/...

    “Texas is a so-called red state, but you’ve got 10 million Democrats here in Texas. And …, there are a whole lot of people here in Texas who need us, and who need us to fight for them.” President Obama

    by Catte Nappe on Sat Aug 02, 2014 at 01:25:37 PM PDT

    [ Parent ]

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