Obama: “Our inequality levels are approaching those of countries like Argentina”
The U.S. president referred to Argentina as a bad example in terms of inequality in a speech delivered at almost 50 minutes at the Center for American Progress, Washington.
“Today, our inequality levels are approaching those of countries like Argentina or Jamaica,” said the president.
Obama defined social inequality to “all political and economic strains that allow a few to stay with what is of everybody and take away all hopes and possibilities for advancement to those who have less.”
“The great and growing inequality and lack of social mobility has endangered the basic premise of the middle class of America that if you work hard, you have the opportunity to move forward,” he said.