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Address: Middle-Class Economics
The White House
January 24, 2015
Hi, everybody. This week, in my State of the Union Address, I talked about what we can do to make
sure middle-class economics helps more Americans get ahead in the new economy.
See, after some tough years, and
thanks to some tough decisions we made, our economy is creating jobs at the
fastest pace since 1999. Our deficits
are shrinking. Our energy production is
booming. Our troops are coming
home. Thanks to the hard work and
resilience of Americans like you, we’ve risen from recession freer to write our
own future than any other nation on Earth.
Now we have to choose what we
want that future to look like. Will we
accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that
generates rising incomes and rising chances for everyone who makes the effort?
I believe the choice is
clear. Today, thanks to a growing
economy, the recovery is touching more and more lives. Wages are finally starting to rise again. Let’s keep that going – let’s do more to restore
the link between hard work and growing opportunity for every American.
That’s what middle-class
economics is – the idea that this country does best when everyone gets their
fair shot, everyone does their fair share, and everyone plays by the same set
of rules.
Middle-class economics means
helping workers feel more secure in a world of constant change – making it
easier to afford childcare, college, paid leave, health care, a home, and
retirement.
Middle-class economics means
doing more to help Americans upgrade their skills through opportunities like
apprenticeships and two years of free community college, so we can keep earning
higher wages down the road.
Middle-class economics means
building the most competitive economy in the world, by building the best
infrastructure, opening new markets so we can sell our products around the
world, and investing in research – so that businesses keep creating good jobs
right here.
And we can afford to do these
things by closing loopholes in our tax code that stack the decks for special
interests and the superrich, and against responsible companies and the middle
class.
This is where we have to go if
we’re going to succeed in the new economy.
I know that there are Republicans in Congress who disagree with my
approach, and I look forward to hearing their ideas for how we can pay for what
the middle class needs to grow. But what
we can’t do is simply pretend that things like child care or college aren’t
important, or pretend there’s nothing we can do to help middle class families
get ahead.
Because we’ve got work to
do. As a country, we have made it
through some hard times. But we’ve laid
a new foundation. We’ve got a new future
to write. And I’m eager to get to work.
Thanks, and have a great weekend. |
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