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I am of course glad to see President Obama focus the country on what he correctly identifies as the most pressing national problem, the crushing of the middle class. The solution he laid out in his address at Knox College, a middle-out economics which sees the middle class as the engine of the economy, is both good economics and a powerful political message. It is what progressives and Democrats need to keep emphasizing over and over again, both rhetorically and in their legislative agendas.
President Obama laid out a compelling vision for rebuilding the middle class yesterday, but he largely sidestepped the all-important question of whether U.S. workers can compete, long-term, with lower paid workers in places like China, India, and Mexico.
Last week, my colleague Joe Hines analyzed how impossible it was to live on the budget McDonald’s outlined for its employees. Among many issues, McDonald’s budget assumed each employee had a second job to help ends meet.
I am of course glad to see President Obama focus the country on what he correctly identifies as the most pressing national problem, the crushing of the middle class. The solution he laid out in his address at Knox College, a middle-out economics which sees the middle class as the engine of the economy, is both good economics and a powerful political message. It is what progressives and Democrats need to keep emphasizing over and over again, both rhetorically and in their legislative agendas.
Today President Obama will give a major economic address in Illinois, the first in a series of speeches designed to refocus the national conversation on job creation and the struggling economy.
“Job security, with good wages and durable industries. A good education. A home to call your own. Affordable health care when you get sick. A secure retirement even if you’re not rich.”
Whatever growth in GDP or reductions in unemployment, most Americans think the economy stinks. According to a new CBS poll, more than 60 percent of people polled rate the economy as "bad." And well they should: For the vast majority of Americans, economic gains during the recovery have almost entirely gone to the people at the very top.