On Monday, President Obama took questions at a meeting shown on CNBC television. One questioner wondered if today's young Americans still could hope for a good life.
QUESTIONER: "What I'm really hoping to hear from you is several concrete steps that you're going to take moving forward that will be able to re-ignite my generation, re-ignite the youth who are beset by student loans. And I really want to know, is the American Dream dead for me?"
BARRACK OBAMA: "Absolutely not. Look, we still have the best universities in the world. We’ve got the most dynamic private sector in the world. We've got the most productive workers in the world. There is not a country in the world that would not want to change places with us."
But the economy could change the balance of power in Congress in the November elections.
Critics say the president's economic stimulus programs have only put the country deeper in debt. Economists disagree about the extent to which the spending has helped. But many agree that the president's policies avoided a worse situation.
Or, as Mr. Obama put it at the United Nations on Thursday: "The global economy has been pulled back from the brink of a depression."
In Washington, central bank policy makers said inflation remains low. In fact, they said it may be too low to support their aims for price and wage stability.
And, Lawrence Summers, director of the president's National Economic Council, said he will leave at the end of the year to return to Harvard University.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25