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President will say upward mobility has stalled



Published: Tue, January 28, 2014 @ 7:15 p.m.

President will say upward mobility has stalled

Excerpts of the President’s State of the Union Address, as prepared for delivery tonight:

“In the coming months, let’s see where else we can make progress together. Let’s make this a year of action. That’s what most Americans want – for all of us in this chamber to focus on their lives, their hopes, their aspirations. And what I believe unites the people of this nation, regardless of race or region or party, young or old, rich or poor, is the simple, profound belief in opportunity for all – the notion that if you work hard and take responsibility, you can get ahead.

“Let’s face it: that belief has suffered some serious blows. Over more than three decades, even before the Great Recession hit, massive shifts in technology and global competition had eliminated a lot of good, middle-class jobs, and weakened the economic foundations that families depend on.

“Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled. The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by – let alone get ahead. And too many still aren’t working at all.

“Our job is to reverse these tides. It won’t happen right away, and we won’t agree on everything. But what I offer tonight is a set of concrete, practical proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class. Some require Congressional action, and I’m eager to work with all of you. But America does not stand still – and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.”


Comments

1JoeFromHubbard(1113 comments)posted 10 months, 3 weeks ago

If his socialist dreams came true, no one would get ahead, we would all be stifled to mediocrity.

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2paulydel(1324 comments)posted 10 months, 3 weeks ago

This guy has been lying from the start. He has created nothing to help anyone.

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3dontbeafool(1090 comments)posted 10 months, 3 weeks ago

I see where you would hate a to see a successful business pass along some of its success and profits to the workers who helped make the profits, instead of giving million(s) of dollars in bonuses to the corporate execs.

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4redeye1(4687 comments)posted 10 months, 3 weeks ago

@don't If a business is paying a decent wage . Why should they give more to the people? After all they are in it to make a profit. Secondly someone had to invest in that business to get it started.

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5papa1(696 comments)posted 10 months, 3 weeks ago

it must be so depressing for repubs to know that the dems will be in the white house for another 11 years! that's a long time to hate.

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6JoeFromHubbard(1113 comments)posted 10 months, 3 weeks ago

@ papa1 :

That the Democrats will occupy the White House beyond Obama is debatable.

What is not debatable is the ruinous effect upon American business of many of their policies.

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