So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of lif… - Barack Obama

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So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.

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About Barack Obama

Barack Hussein Obama II (born August 4, 1961) is an American politician who served as the 44th president of the United States of America from 2009 to 2017. Born in Hawaii, the son of a Kenyan father and a mother from Kansas, he won the 2008 presidential election and was re-elected president in November 2012. A member of the U.S. Democratic Party, he was the first African American president. Before becoming president, he represented the 13th district for three terms in the Illinois Senate from 1997 to 2004 and served as United States senator from Illinois between January 4, 2005 and November 16, 2008. While president, he was the recipient of the 2009 Nobel Peace Prize.

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Also Known As

Birth Name: Barack Hussein Obama II
Also Known As: Barry
Alternative Names: POTUS 44 Barack Hussein Obama Barack H. Obama Barack Hussein Obama, Jr. Barack H Obama Barak Obama Barry Obama Barack Obama II

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Additional quotes by Barack Obama

The gist of Obama’s advice to any would-be president is something like this: You may think that the presidency is essentially a public-relations job. Relations with the public are indeed important, maybe now more than ever, as public opinion is the only tool he has for pressuring an intractable opposition to agree on anything. He admits that he has been guilty, at times, of misreading the public. He badly underestimated, for instance, how little it would cost Republicans politically to oppose ideas they had once advocated, merely because Obama supported them. He thought the other side would pay a bigger price for inflicting damage on the country for the sake of defeating a president. But the idea that he might somehow frighten Congress into doing what he wanted was, to him, clearly absurd. “All of these forces have created an environment in which the incentives for politicians to cooperate don’t function the way they used to,” he said. “L.B.J. operated in an environment in which if he got a couple of committee chairmen to agree he had a deal. Those chairmen didn’t have to worry about a Tea Party challenge. About cable news. That model has progressively shifted for each president. It’s not a fear-versus-a-nice-guy approach that is the choice. The question is: How do you shape public opinion and frame an issue so that it’s hard for the opposition to say no. And these days you don’t do that by saying, ‘I’m going to withhold an earmark,’ or ‘I’m not going to appoint your brother-in-law to the federal bench.’”

There's been a trend around the country of trying to get college to disinvite speakers with a different point of view or disrupt a politician's rally. Don't do that, no matter how ridiculous or offensive you might find the things that come out of their mouths... If the other side has a point, learn from them! If they're wrong, rebut them, teach them, beat them on the battlefield of ideas!

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You know, I have said before, and I will say again, that when we started on this journey, we did so with an abiding faith in the American people and their ability, our ability, to join together and change the country in ways that would make life better for our kids and our grandkids.

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