Obama urges political cooperation, uplift of middle class
WASHINGTON (Reuters) - President Barack Obama called for a focus on the prosperity of the middle class rather than the success of an elite few and urged politicians to set aside harsh partisan divides to address pressing economic problems.
"America's prosperity must rest upon the broad shoulders of the middle class," Obama said on Monday in his inaugural address.
"We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate. We must act, knowing that our work will be imperfect," he said in his speech from Capitol Hill.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.