Obama’s Labor Day Address: Bush Hurt The Middle Class, We’re Helping

By Victor Hatley on September 4, 2010, 1:10 pm

In his labor day radio address this weekend the President spoke in defense of his policies saying that the Bush era policies were what caused so much pain for the middle class folks in this nation. He also stated that he would continue to work for the main-stream citizens. After the criticism of his “Recovery Summer” and an umployment rate jump, he remained adamant that his administration can reverse this recession.

First The Former Administration

The first thing Obama started with was “For a decade, middle class families felt the sting of stagnant incomes and declining economic security. Companies were rewarded with tax breaks for creating jobs overseas.” He also pointed out the Wall Street issues, and housing crisis. He ended this part of the rant with “Ultimately, the house of cards collapsed.” He then declared that this Labor Day “We should recommit ourselves to our time-honored values and to this fundamental truth: to heal our economy, we need more than a healthy stock market; we need bustling main streets and a growing, thriving middle class.”

Pointed Out Accomplishments

He reminded all of us listening that his administration stopped the subsidies that banks receive on student loans, and that health care reform stopped preexisting condition disqualifications. He also touted “The steps we have taken to date have stopped the bleeding: investments in roads and bridges and high-speed railroads that will lead to hundreds of thousands of jobs in the private sector; emergency steps to prevent the layoffs of hundreds of thousands of teachers and firefighters and police officers; and tax cuts and loans for small business owners who create most of the jobs in America.”

 

In The End

His speech, as this article will, ended this way: “This Labor Day, we are reminded that we didn’t become the most prosperous country in the world by rewarding greed and recklessness. We did it by rewarding hard work and responsibility. We did it by recognizing that we rise or we fall together as one nation – one people – all of us vested in one another. That is how we have succeeded in the past. And that is how we will not only rebuild this economy, but rebuild it stronger than ever before.”

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