The President began to draw the differences between himself and his critics yesterday in a speech in Ohio — and, he defined the differences in terms of a value system. Here’s a brief example:
“I ran for president because for much of the last decade, a very specific governing philosophy had reigned about how America should work: Cut taxes, especially for millionaires and billionaires. Cut regulations for special interests. Cut trade deals even if they didn’t benefit our workers. Cut back on investments in our people and in our future — in education and clean energy, in research and technology. The idea was that if we just had blind faith in the market, if we let corporations play by their own rules, if we left everyone else to fend for themselves that America would grow and America would prosper.”
While acknowledging that this philosophy gave a temporary boost he points out that over the long-term the result has been a decimated middle class and a floundering economy.
He reminds us that “government action” with the G.I. Bill and the F.H.A. contributed to a thriving middle class (resulting in a robust economy), and that “government action” created our nation’s infrastructure that was the envy of the world.
The speech is about 45 minutes long. Check out the transcript or watch the video. It’s worth taking the time — it’s really THAT good!
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