News

July 24, 2013

Obama praises resilient economy, warns of ‘inequality of opportunity’

President Obama tried to steer the nation’s attention back to his stewardship of an improving economy with a high-profile speech that took credit for a comeback but warned against persistent “inequality of opportunity” and fights over the federal budget that could undo progress.

Speaking from a college gymnasium in this beleaguered town in western Illinois, Obama issued his sunniest description yet of the state of the economy and praised Americans’ “resilience” in the face of diminished income, a sluggish job market and a widening gap between rich and poor.

After years of being careful not to prematurely celebrate a recovery, Obama seemed ready to mark a moment.

LA Times