The speech will continue a theme President Obama laid out in Kansas last month – that in today’s economy the game has been rigged against the nation’s middle class.
On December 6, Obama gave an important and revealing speech in Osawatomie, Kansas — the best we’ve heard from him since the campaign trail. Building on Theodore Roosevelt’s New Nationalism language from Roosevelt’s Aug. 31, 1910, speech in Osawatomie honoring abolitionist John Brown, Obama reprises his platform of populist economics. But Obama is not yet Roosevelt. (See The Osawatomie Speech: Obama and Roosevelt.)
“We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have gained without doing damage to the community,” Roosevelt said in his speech. “We should permit it to be gained only so long as the gaining represents benefit to the community.”
“One of the chief factors in progress is the destruction of special privilege. The essence of any struggle for healthy liberty has always been, and must always be, to take from some one man or class of men the right to enjoy power, or wealth, or position, or immunity, which has not been earned by service to his or their fellows.”–President Theodore Roosevelt
“Long before the recession hit, hard work stopped paying off for too many people. Fewer and fewer of the folks who contributed to the success of our economy actually benefited from that success. Those at the very top grew wealthier from their incomes and their investments – wealthier than ever before. But everybody else struggled with costs that were growing and paycheques that weren’t – and too many families found themselves racking up more and more debt just to keep up.”–President Barack Obama