Obama To Business Leaders: We Have To “Take Responsibility” To Help Middle Class
President Obama spoke to the Chamber of Commerce earlier today, and encouraged the business community to work with him towards creating more opportunities for the middle class, while also arguing that some common sense regulations often do make sense in order to safeguard the economy. His speech today at the Chamber marked a fresh start for Obama, who in the past often viewed the Chamber as an opponent of many of his domestic policy goals.
“If we’re fighting to reform the tax code and increase exports to help you compete, the benefits can’t just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that expanding trade and opening markets will lift their standards of living as well as your bottom line.”
Many critics of the Obama administration might hear a phrase like profits must be “shared” and instantly think “aha, Obama is a socialist.” However, Obama elaborated on his proposal saying that improving the standard of living for the middle class is “not something necessarily we can legislate, but it’s something that all of us have to take responsibility for thinking about, how do we make sure that everybody’s got a stake?” In other words, the seemingly new centrist Obama is not demanding anything specific from the business community, but instead merely encouraging them to realize the benefits in helping to raise the “tide” so that “all boats” can be lifted in the future.
Watch the clip from Fox News below:
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