Posts Tagged ‘Income Inequality

07
Sep
18

President Obama: I Believe In You

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04
May
18

A Must See Conversation

23
Jan
18

President Obama: The Greatest Force For Equality In 50 Years

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Derek Thompson: Thanks, Obama

President Obama has cultivated a reputation for approaching politics with a kind of medical clinicism. But with the full panorama of his presidency coming into view, Obama’s economic legacy is impressive, even historic. First, the centerpiece of Obama’s anti-inequality legacy is the policy that bears his name. Obamacare, a.k.a., the Affordable Care Act, has reduced the uninsured rate from about 16 percent in 2010 to less than 9 percent today, the lowest level in U.S. history. Second, several subtle yet significant tax changes under Obama have made the tax code more progressive. The stimulus bill passed in 2009, a.k.a., the American Recovery and Reinvestment Act of 2009 (or, simply, the Recovery Act), included the most important changes. The law created the Making Work Pay credit, expanded the Earned Income Tax Credit and Child Tax Credit, and created new tax credits, like the American Opportunity Tax Credit for college attendees. The most significant change to the tax code since 2010 has been the eleventh-hour agreement to extend the Bush tax cuts for all families except for an increase in the top tax rate for households making more than $450,000 and an increase in the estate tax rate to 40 percent.

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Third, the Obama administration has supported initiatives outside of the tax code and health care policy to help the poor and middle class. They have been advocates for higher minimum wages at the national level, which have arguably buoyed the state-by-state effort to raise minimum wages toward $15 in richer areas. They supported extended unemployment benefits while long-term unemployment was perhaps the country’s most insidious economic plague. Unemployment insurance kept more than 11 million people out of poverty in Obama’s first term, according to Census analysis. The president also expanded Supplemental Nutrition Assistance Program (food stamps) and Temporary Aid to Needy Families (grants that states can use for a variety of measures including helping the poor). His Department of Education spent more than $60 billion to support states’ education budgets and prevent more layoffs of teachers and administrators. In sum, he grew anti-inequality spending more than any president, as a share of GDP. But at a time when both liberals and conservatives have become exquisitely aware of income inequality and its ills, the seemingly placid, cold, philosopher-in-chief did more to combat that inequity than any president in at least 50 years. For that, two words suffice: “Thanks, Obama.”

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14
Sep
16

Early Bird Chat

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All Times Eastern

10:30AM: President Obama receives the Presidential Daily Briefing

11:20AM: President Obama meets with State Counsellor Aung San Suu Kyi

12:45PM: President Obama has lunch with Vice President Biden

1PM: Press Secretary Josh Earnest holds the White House Briefing

4PM: President Obama meets with Treasury Secretary Jack Lew

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30
Jun
15

President Barack Obama: A Champion For Workers

Chicago Sun Times Obama

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President Barack Obama: A Hard Day’s Work Deserves A Fair Day’s Pay

It’s been a good few days for America. On Thursday, the Supreme Court reaffirmed the Affordable Care Act. It is here to stay. And, Democrats and Republicans in Congress paved the way for the United States to rewrite the rules of global trade to benefit American workers and American businesses. On Friday, the Court recognized the Constitutional guarantee of marriage equality. With that ruling, our union became a little more perfect — a place where more people are treated equally, no matter who they are or who they love. These steps build upon America’s steady progress in recent years. Out of the depths of recession, we’ve emerged ready to write our own future. Our businesses have created 12.6 million new jobs over the past 63 months — the longest streak on record. More than 16 million Americans have gained health insurance. More kids are graduating from high school and college than ever before. But more work lies ahead, if we are to succeed in making sure this recovery reaches all hardworking Americans and their families.

We’ve got to keep making sure hard work is rewarded. Right now, too many Americans are working long days for less pay than they deserve. That’s partly because we’ve failed to update overtime regulations for years — and an exemption meant for highly paid, white collar employees now leaves out workers making as little as $23,660 a year — no matter how many hours they work. This week, I’ll head to Wisconsin to discuss my plan to extend overtime protections to nearly 5 million workers in 2016, covering all salaried workers making up to about $50,400 next year. That’s good for workers who want fair pay, and it’s good for business owners who are already paying their employees what they deserve — since those who are doing right by their employees are undercut by competitors who aren’t. That’s how America should do business. In this country, a hard day’s work deserves a fair day’s pay.

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Mike Dorning: Obama Plans To Expand Overtime Eligibility For Millions

The Obama administration plans to raise the wages of millions of Americans who work more than 40 hours a week by requiring their employers to pay them overtime. Workers who earn as much as $970 a week would have to be paid overtime even if they’re classified as a manager or professional, based on draft rules to be announced as soon as Tuesday, said an administration official. Many employees now receiving as little as $455 a week, or $23,660 a year — below the federal poverty line for a family of four — aren’t entitled to overtime pay because they are classified as managers exempt from overtime pay. The regulations, from the Labor Department, would take effect in 2016, said the official, who asked for anonymity because the plan hasn’t been announced. Workers in retail stores and restaurants are among most likely to be affected.

“You would be hard pressed to find a rule change or an executive order that would reach more middle class workers than this one,” said Jared Bernstein, a former economic adviser to Vice President Joe Biden who is now a senior fellow at the Center for Budget and Policy Priorities. The median U.S. household income of $54,600 in April was $1,600 short of the amount at the start of the recession in December 2007, according to inflation-adjusted estimates from Sentier Research. Ross Eisenbrey, vice president of the Economic Policy Institute, a research group partly funded by labor unions, has estimated that the higher salary threshold would expand overtime to as many as 15 million additional workers.

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03
Jun
15

A Tweet Or Two

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Thank you, President Barack Obama and First Lady Michelle Obama

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Amazing!

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So much, facepalm, CNN. So much facepalm

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This is gross. Just gross

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A rotten individual to the core

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A misdemeanor charge. What a joke

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Continue reading ‘A Tweet Or Two’

20
Apr
15

A Tweet Or Two

Barack Obama, Mohammed bin Zayed bin Sultan Al Nahyan

President Barack Obama meets with Crown Prince Mohammed Bin Zayed Al Nahyan of the United Arab Emirates, in the Oval Office of the White House

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Michelle Obama, Dylan Tete

First Lady Michelle Obama smiles as she is introduced by Dylan Tete, an Iraq War veteran and executive director of Bastion Community of Resilience, at an event honoring efforts to help homeless veterans in New Orleans. First Lady Michelle Obama and New Orleans Mayor Mitch Landrieu spoke Monday to leaders from government, industry and the non-profit sector. The topic was the Mayors Challenge to End Veteran Homelessness, which Obama started last June. She said the city has moved more than 260 veterans into housing since the initiative began

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This is horrific. Black people are being targeted left, right, and sideways. Get arrested for walking, get arrested for driving, get arrested for riding a bicycle. This country is waging a war everyday against Black people. It’s too much

“Of the 10,000 bicycle tickets issued by Tampa police in the past dozen years, the newspaper found that black cyclists received 79 percent of those citations, despite making up less than a quarter of the city’s population.”

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Continue reading ‘A Tweet Or Two’

24
Jul
14

Income Inequality Is A Problem And President Obama Is Tackling It

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Zachary A. Goldfarb: Don’t Think Obama Has Reduced Inequality? These Numbers Prove That He Has.

Today, the average after-tax income of a member of the top 1 percent of earners is $1.12 million. The average after-tax income of someone in the bottom 20 percent is $13,300. That means the average person at the top takes home 84 times the income that the average person in the bottom takes home. Now, consider what it would be like if none of President Obama’s tax policy changes had happened: not the upper-income tax hikes negotiated at the beginning of last year, not the upper-income tax increases imposed by the Affordable Care Act, not the low-income tax credits enacted in the 2009 stimulus and later renewed.

In this alternative universe, the average member of the top 1 percent would take home $1.2 million, or 6.5 percent more in income, according to a new analysis. The average member of the bottom 20 percent would bring home $13,100, or 1.2 percent less in income. As a result, the average member of the 1 percent would take home 91 times what the average person in the bottom would bring home. If you’ve wondered whether Obama has made any headway at reducing income inequality, here’s evidence that he has. Based on tax policy alone, he has slightly increased the income of the poor and more significantly reduced the income of the rich.

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15
Jul
14

Rise and Shine

On This Day – Pete Souza: “One of the most poignant days of the year was when Ruby Bridges visited the White House. Ruby is the girl portrayed in Norman Rockwell’s famous painting, “The Problem We All Live With,” which depicts Ruby as she is escorted to school on the court-ordered first day of integrated schools in New Orleans in 1960. When the Norman Rockwell Museum loaned the painting to the White House for a short period of time, the President invited Ruby to view the painting while it was on display outside the Oval Office.” July 15, 2011

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Today (All Times Eastern)

11:10: The President tours the Turner-Fairbank Highway Research Center, McLean, Virginia

11:35: Delivers remarks

12:30: Josh Earnest briefs the press

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The Week Ahead

 Wednesday: The President will attend meetings at the White House.

Thursday: The President will travel to New York City area to attend a DNC roundtable. Further details on the President’s travel to New York will be made available in the coming days.

Friday: The President will attend meetings at the White House.

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President Obama holds up three fingers while talking with three-year-old Holden Fossum and his sisters Ayla, 8, and Alexandria, 4, during a greet with wounded warriors and their families in the East Room of the White House, July 14, 2014. Holden, Ayla, and Alexandria are the children of Staff Sergeant Brendan Fossum and wife Dana of Woodbine, Md (Photo by Pete Souza)

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Paul Krugman: Obamacare Fails To Fail

How many Americans know how health reform is going? For that matter, how many people in the news media are following the positive developments? I suspect that the answer to the first question is “Not many,” while the answer to the second is “Possibly even fewer,” for reasons I’ll get to later. And if I’m right, it’s a remarkable thing — an immense policy success is improving the lives of millions of Americans, but it’s largely slipping under the radar.

How is that possible? Think relentless negativity without accountability. The Affordable Care Act has faced nonstop attacks from partisans and right-wing media, with mainstream news also tending to harp on the act’s troubles. Many of the attacks have involved predictions of disaster, none of which have come true. But absence of disaster doesn’t make a compelling headline, and the people who falsely predicted doom just keep coming back with dire new warnings.

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NYT: Anxious Moments For An Afghanistan on the Brink

It was the Germans who uttered the first alarm that a potentially deadly power struggle might be brewing, after weeks of Western officials’ staying on the sidelines as the Afghan election crisis deepened. Just over a week ago, they threatened to withdraw funding and training troops from Afghanistan if a powerful regional governor declared a breakaway government led by the presidential candidate Abdullah Abdullah. What followed was as tumultuous a six-day stretch for Afghanistan as any since the American invasion in 2001. Interviews with Western officials, the two presidential campaigns and other Afghan officials detailed a week that went beyond any

previous political crisis in carrying the risk of a factional conflict that would tear open the wounds of the devastating civil war. According to Mr. Manawi and others, it was a call from President Obama to Mr. Abdullah just after dawn last Tuesday that helped stop a headlong rush into a disastrous power struggle. Mr. Obama warned Mr. Abdullah not to even consider seizing power and to keep calm over the three days until Secretary of State John Kerry could get to Kabul. “Really here the U.S. government did a great favor to the Afghan people,” Mr. Manawi said. “If it was not for the telephone call to Dr. Abdullah, this would not have stopped.”

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Danny Vinik: The Border Crisis Has Nothing To Do With Border Security

By linking them, a GOP congressman could kill Obama’s emergency request On “Fox News Sunday,” House Homeland Security Chairman Mike McCaul floated the idea of tying his border security bill to President Barack Obama’s request for $3.7 billion to help ease the humanitarian crisis unfolding at the Southwest border. That crisis is real and requires immediate action from Congress, but it has nothing to do with border security. McCaul’s attempt to combine the issues only puts the funding request in jeopardy.

Those funds are needed to house and feed the 50,000-plus unaccompanied minors who have entered the U.S. so far this year; find sponsors for them while they await their court proceedings; hire more immigration judges to reduce the case backlog; and, for those who aren’t allowed to stay, transport them home. Obama’s request also includes money for increased border security. This is a reasonable response to the border crisis — one that focuses on treating the kids in a humane way while upholding U.S. law.

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Brian Beutler: Republicans’ Failure To Pass Immigration Reform Has Cost Us $900 Billion

Republicans have raised several objections to the White House’s plan to address the child-migrant crisis, but none so self-discrediting as their objection to the nearly $4 billion cost of the bill.

That objection is self-discrediting for two reasons: First, because Republicans are on record in support of substantially more spending to shore up the border. Second, because with respect to immigration (and everything else) their claims to fiscal probity are a shell game they return to anytime they need a plausible-sounding reason to object to something they oppose for other reasons.

To demonstrate both, one need only look back to the Senate’s comprehensive immigration reform bill, which Republicans helped design and pass just over a year ago.

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Steve Benen: An Abundance Of Rhetoric, A Dearth Of Solutions

Rep. Michael McCaul (R-Texas), chairman of the House Homeland Security committee, argued yesterday that “some” of the unattended minors from Central America he saw “looked more like a threat to coming into the United States.” How could he tell? McCaul didn’t say.

Soon after, Texas Gov. Rick Perry (R) argued in support of sending the National Guard to the border. Asked what good Guard troops could under the circumstances, Perry couldn’t say. (In fact, he seemed confused by the question.)

A variety of congressional Republicans have now balked at President Obama’s appeal for emergency resource, insisting the package costs “too much.” What’s the GOP’s alternative response? What’s the proper amount of spending? They wouldn’t say.

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WH.gov: President Obama To Award The Medal Of Honor

In the afternoon of July 21, 2014, President Barack Obama will award Ryan M. Pitts, a former active duty Army Staff Sergeant, the Medal of Honor for conspicuous gallantry.  Staff Sergeant Pitts will receive the Medal of Honor for his courageous actions while serving as a Forward Observer with 2nd Platoon, Chosen Company, 2nd Battalion (Airborne), 503rd Infantry Regiment, 173rd Airborne Brigade, during combat operations at Vehicle Patrol Base Kahler, in the vicinity of Wanat Village in Kunar Province, Afghanistan on July 13, 2008.

Staff Sergeant Pitts will be the ninth living recipient to be awarded the Medal of Honor for actions in Iraq or Afghanistan. He and his family will join the President at the White House to commemorate his example of selfless service.

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Michael Tomasky: Hey, Benghazi-Heads, You Stand Down!

Central to the Benghazi conspiracy: the alleged stand-down order that kept help from arriving from Tripoli. It never happened—and now we learn that Republicans have known for months.

Let’s redirect our attention back to Benghazi. When is that special Benghazi committee in the House of Representatives going to get cracking, you may have wondered? Good question. It hasn’t been announced yet. But here’s a better question. What, now, is it going to investigate?

While we’ve all been focused during the past week on the border, there was a pretty major news development on Benghazi that got buried and is in need of a little sunshine. Last week, the Associated Press reported on transcripts of hours of closed-door interviews with nine U.S. military leaders that had been conducted by two House committees, Armed Services and Oversight (the latter is Darrell Issa’s committee). Those military leaders agreed on a, or maybe the, central point as far as this continuing “investigation” is concerned: There was no stand-down order.

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Max Fisher: This Chart Shows Every Person Killed In The Israel-Palestine Conflict Since 2000

It’s no secret that the death tolls in the Israel-Palestine conflict are lopsided, with Palestinians far more likely to be killed than Israelis. But just how lopsided is driven home by looking at the month-to-month fatality statistics, which the Israeli human rights organization B’Tselem has been tracking since September 2000. Those numbers also tell some important stories about the conflict, how it’s changed, and maybe where it’s going. Here are the monthly, conflict-related deaths of Israelis and Palestinians since September 2000: You’ll notice right away that the overwhelming majority of the deaths are Palestinian, and have been for the almost 14 years since B’Tselem began tracking.

Overall, the group has recorded 8,166 conflict-related deaths, of which 7,065 are Palestinian and 1,101 Israeli. That means 87 percent of deaths have been Palestinian and only 13 percent Israeli. Put another way, for every 15 people killed in the conflict, 13 are Palestinian and two are Israeli. (Statistics for the past two months are from United Nations Office for the Coordinator of Humanitarian Affairs.) That number is even more staggering when you consider that there are about twice as many Israelis as there are Palestinians. This means, very roughly, that a Palestinian person has been 15 times more likely to be killed by the conflict than an Israeli person

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G. Chambers Williams III: Volkswagen Expansion Continues Win Streak For Tennessee

The South’s auto industry continues its phenomenal growth, as evidenced by recent expansions expected to bring thousands of new jobs and billions of dollars in new investment — including a deal announced Monday that will bring production of a new SUV to the Volkswagen plant in Chattanooga. With the Volkswagen win, Tennessee is now at the forefront of the industry’s growth. Recent gains include a new Infiniti engine plant that opened this month in Decherd; a pending expansion that will add two new vehicles to the General Motors plant in Spring Hill; and projects over the past year that have brought new vehicles and significantly bumped up employment at Nissan’s Smyrna plant. The Volkswagen announcement of an expansion that will add 2,000 jobs in auto assembly and 200 in research and development was “pretty impressive,”

said Sujit CanagaRetna, fiscal policy manager for the Atlanta office of the Council of State Governments and a leading expert on the South’s auto industry. “I believe it reinforces that this region has become a real magnet, not only for new plants, but also for expansions,” he said. “BMW in South Carolina is another great example. They’ve been there 20 years and have gone through five or six expansions, with the latest announced in March for $1 billion. “All of the ancillary industries related to the auto companies, such as tire manufacturers, are flourishing in the South as well,” CanagaRetna said. “(Clarksville) Tennessee is getting Hankook Tire, there are four major tire makers in South Carolina, including one recently announced from Singapore, and several in Georgia.”

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On This Day

Sen. Barack Obama smiles as he is introduced prior to his address on Iraq policy and U.S. national security at the Ronald Reagan Building and International Trade Center July 15, 2008 in Washington, DC

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President Obama greets the family of newly appointed FCC Chairman Julius Genachowski in the Oval Office prior to his swearing in on July 15, 2009 (Photo by Pete Souza)

President Obama greets the Gramajo family, participants with the Make-A-Wish Foundation, in the Oval Office on July 15, 2009 (Photo by Pete Souza)

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President Obama is interviewed by Chuck Todd, of NBC News, at Gerald R. Ford International Airport in Grand Rapids, Mich., July 15, 2010 (Photo by Pete Souza)

President Obama sits in an electric Ford Focus alongside Mayor Kurt Dykstra following a groundbreaking ceremony for Compact Power’s new advanced battery factory in Holland, Michigan, July 15, 2010

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First Lady Michelle Obama and kids double-dutch jump rope during a taping for the Presidential Active Lifestyle Award (PALA) challenge and Nickelodeon’s Worldwide Day of Play, on the South Lawn of the White House, July 15, 2011 (Photo by Chuck Kennedy)

President Obama, Ruby Bridges, and representatives of the Norman Rockwell Museum view Rockwell’s “The Problem We All Live With,” hanging in a West Wing hallway near the Oval Office, July 15, 2011. Bridges is the girl portrayed in the painting (Photo by Pete Souza)

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Former President George H. W. Bush and former First Lady Barbara Bush present President Obama with a pair of socks in the Map Room of the White House, July 15, 2013 (Photo by Pete Souza)

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23
Jun
14

President Obama & The First Lady Champion Working Families

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President Barack Obama delivers remarks at the White House Summit on Working Families at the Omni Shoreham Hotel in Washington. President Obama, as part of efforts to make the U.S. workplace more accommodating for employees with families, will on Monday direct federal agencies to step up efforts to give workers more leeway in determining their schedules.

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President Barack Obama is introduced by Lisa Rumain of Martinsville, N.J., at The White House Summit on Working Families

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President Barack Obama sits with, from left, Mark Weinberger, Ernst & Young, Alex Gorsky, CEO of Johnson and Johnson, Shelia Marcello, CEO of Care.com, Debra Lee, Chairman and CEO of BET Networks, and Dave Lissy from Bright Horizons during their meeting at the White House Summit on Working Families

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Marlei Martinez: Obama Seeks ‘Good, Strong, Healthy Families’

President Barack Obama is encouraging Congress and the country to focus on issues here at home — namely how to improve the livelihoods of working families.Here are the five things we learned from our sitdown with the President: 1. The goal of the summit is … “… to lift up the conversation that everybody is already having individually and let people know you’re not alone out here,” Obama said. Priority one: Paid family leave According to a survey from the United Nations’ labor agency, of the 185 countries and territories with readily available information, only three do not provide paid maternity leave. And, you guessed it, the United States made that list. The other two countries are Oman and Papua New Guinea. “Paid family leave, we’re the only advanced country on Earth that doesn’t have it,” the President said. “It doesn’t make any sense. There are a lot of countries that are a lot poorer than we are that also have it.”

Priority two: Workplace flexibility The President said he’s pushing for workplace flexibility to give parents the opportunity to become more involved in their children’s lives and education. “We always say that we want parents involved in our kids’ education,” he said. “There are millions of families out there who can’t even imagine taking time off to go to a parent-teacher conference.” This type of workplace flexibility is a practice that he and the first lady believe will improve employee morale and motivation. Priority three: Child care. “We don’t do a very good job providing high-quality, affordable child care, and there are a lot of countries, a lot of our competitors do it,” Obama told Bolduan. “That means that it’s a lot easier for women to be in the workforce and not have to make choices that ultimately mean they’re, in some cases, getting paid less or having less opportunities. And it also means, by the way, that our kids are more likely to thrive.” Add to that list: Equal pay for equal work.

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President Barack Obama mimics someone handing him a baby

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President Barack Obama walks down Calvert Street NW to have lunch at a Chipotle Mexican Grill in Washington, before they attended the White House Summit on Working Families. Walking with President Obama, from second from left are, Shirley Young, Shelby Ramirez, Lisa Rumain, and Rodger Trombley

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President Barack Obama with Shelby Ramirez

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Robin Roberts and First Lady Michelle Obama at the White House Summit on Working Families

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