Obama Speech On Labor Day

President Obama said in his weekly addressthat needs a strong economy bustling main streets and a prosperous middle class, not just a healthy stock market. " The President "indicates what has been done to help the middle class, a group that says it has squeezed the most during the recession. He spoke of efforts to create jobs, make college more affordable, helping to build the middle-class retirement nest egg, reduce taxes on these families and prevent insurance companies from refusing to cover people with pre-existing medical conditions.
"The President said," This Labor Day, we renew our commitment to our time-honored values and that this fundamental truth: To cure our economy, we need more than a healthy stock market, we need bustling main streets and a growing middle class prosperity.'s why I'm going to keep working day days to restore the opportunity, economic security and the basic American dream for our families and future generations. "
Bloomberg News (04/09, Johnston) reports the President "outlining new ideas to boost growth and hiring" this week. The President "has also urged Congress to pass a package of measures to help small businesses, including tax breaks and subsidies to ease credit." The New York Times (9 / 5, Calmes, 1.01M) reports the President "will ask Congress to increase and permanently extend a popular tax credit, but costly for business expenses for research, and pay for it by closing of other corporate tax breaks, according to administration officials. " Also, "is due to expansion of the simpler of the two credit options available to businesses. He would increase to 17 percent from 14 percent." The Times notes that in his speech, Obama said more must be done to help the middle class and to accelerate job creation. "
The Washington Post (9 / 5, Kornblut, 605K) said as he heads "a week of major economic developments, the president is trying to walk a fine line between optimistic and realistic look familiar, achieving a tone for the future and as he describes reasons why the U.S. economy has sunk so long. "I have to say that this is a very difficult time for our country," Obama began his speech, then claimed credit for "stopped the bleeding in the labor market inherited upon taking office."

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Happy Labor Day From Obama

Labor Day is the last weekend of the summer holiday season and a chance for many to make much-needed rest from their work.
The party was established to pay tribute to American workers, but of course, has also become known as a day for Americans to travel with his family.
AAA Carolinas estimates that 452 000 South Carolina residents traveled the long weekend, and that's more than last year. Part of the reason may be gas prices that are lower than in 2009 for the Labor Day and are 18 cents lower than on Memorial Day this year.
The history of the festival dates back to late 19th century. The first Labor Day celebration was held in 1882 in New York.
Municipalities and states began recognizing the holiday over the years, but it was not until 1894 that President Grover Cleveland pushed through the party.
Since then, it's day is celebrated with picnics and parades throughout the country. It has also become synonymous with sports, including college football season traditionally kicks off the weekend. In South Carolina, NASCAR fans will remember that the Southern 500 race held at Darlington this weekend's Day 54 years, ending in 2004.

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