Obama complains but has no solutions.

Obama Says Income Gap Is Fraying U.S. Social Fabric

By JACKIE CALMES and MICHAEL D. SHEAR

Published: July 27, 2013

GALESBURG, Ill. — In a week when he tried to focus attention on the struggles of the middle class, President Obama said in an interview that he was worried that years of widening income inequality and the lingering effects of the financial crisis had frayed the country’s social fabric and undermined Americans’ belief in opportunity.  Upward mobility, Mr. Obama said in a 40-minute interview with The New York Times, “was part and parcel of who we were as Americans.”    “And that’s what’s been eroding over the last 20, 30 years, well before the financial crisis,” he added.   “If we don’t do anything, then growth will be slower than it should be. Unemployment will not go down as fast as it should. Income inequality will continue to rise,” he said. “That’s not a future that we should accept.”  

Editor's notes:  Understand that H Obama has no training in the creation or maintenance of a sustainable economic recovery.  It is an accepted fact that this "recovery" is the slowest in American history . . . . . bar none.  While he inherited an out of control financial circumstance,  the recovery failing belongs to Obama and his [exclusive] administration of the regulatory climate.  With Dodd/Frank and ObamaCare,  we have the creation of well over 35,000 pages rules and regulations with the promise of more to come.  None of this advances the economy  . . . .   none of it.  OSHA, the EPA and the IRS have all gotten more punitive in their daily business;  again,  a huge problem for business.  And ObamaCare has redefined the average work week as "under 30 hours"  which means that the middle class will earn less with increasing healthcare costs and inflation as to the cost of living.  For Obama to posit a problematic environment for the middle class without stating a working plan for getting job creators back on track  (and that does not include Central Government),  is the strongest indicator,  to date,  that he has learned nothing in the past four years . . . . as relates to national economic health.