Wednesday, September 26, 2012

Associated Press: President Obama: 'Rich Getting Richer Won't Help Economy'

Source:Associated Press- President Barack H. Obama (Democrat, Illinois) speaking to his supporters in Bowling Green, Ohio.

"President Barack Obama traveled to the battle ground state of Ohio, telling voters his plan to help the economy is much better suited than his opponents." 

From the Associated Press

What President Obama is talking about here is his opponent Governor Mitt Romney's economic plan. The President is saying that supply-side, trickle-down economics doesn't work. We tried that in the last decade and had two real recessions in that decade. 

The President is arguing what we should do instead is expanding the middle class with things like more infrastructure, tax relief for middle class families, job training for low-income and low-skilled, as well as middle-income and middle-skilled workers, so they can move up in the economy. 

The President is giving Ohio voters a choice: do you want to just cut taxes for the rich and for big corporations, or do you want to empower more Americans to move up in the economy and be able to create their own wealth, with the help of more government investments in the economy. And in about 5 weeks from now, we''ll see which economic vision that Ohio voters choose.

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