Obama outlines steps taken to help middle class - Toledo News Now, Breaking News, Weather, Sports, Toledo

Obama outlines steps taken to help middle class

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Washington, D.C. -

WASHINGTON (AP) - President Barack Obama is making a pitch to the middle class, saying it's an essential part of a healthy economy.

In his weekly radio and Internet address, Obama says bustling Main Streets and a thriving middle class are even more important than a healthy stock market.

Obama says the middle class has been squeezed the most during the recession. He touted efforts to create jobs, make college more affordable, help build retirement nest eggs, cut taxes and stop health insurance companies from refusing to cover people with pre-existing medical conditions.

Obama says Labor Day is about more than grilling food and spending time with family and friends. He says it's "a day to honor the American worker - to reaffirm our commitment to the great American middle class that has, for generations, made our economy the envy of the world."

Vice President Joe Biden will attend Toledo's Labor Day parade on Monday, Sept. 6.

Republican response: Too many rules stifle job creation

WASHINGTON (AP) - Republicans say President Barack Obama's recovery summer has failed to materialize and it's time to do something different.

In the weekly GOP radio and Internet address, Kentucky Rep. Geoff Davis says it's time to "rein in the red tape factory in Washington. Davis noted that unemployment has been above nine percent for 16 consecutive months. Asking "where are the jobs?" Davis says Obama's Recovery Summer "was nothing more than a meaningless slogan."

Davis says employers are afraid to invest in the economy because they don't know what the "next set of rules, regulations, mandates, and tax hikes will look like." Davis is proposing that Congress be required to take an up-or-down vote on every new major rule. He says the bill "would serve as a much-needed restraining order against unelected busybodies and bureaucrats."

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