President Obama boasted Saturday that he brought the U.S. back from recession and at the same time made the economy fairer.
“Over the past seven years, we haven’t just been recovering from crisis, we’ve been rebuilding our economy on a new foundation for growth — growth that benefits everybody, not just folks at the top,” Obama said in his White House weekly address.
“Wages are finally rising again,” Obama asserted.
Obama also pointed to his recent moves to stop American companies from fleeing his world-leading high corporate taxes to new, more competitive locations abroad.
“This week, the Treasury Department made it more difficult for companies to exploit this loophole and stick the rest of us with the tab,” Obama explained.
“The Treasury Department took action to crack down on big corporations that change their address overseas after acquiring smaller companies, in order to reduce their tax bill here at home,” the president said.
