Obama: Growing Inequality Isn’t Just Morally Wrong; It’s Bad Economics

Obama: Growing Inequality Isn’t Just Morally Wrong; It’s Bad Economics

obama speech

Obama gave a powerful speech Wednesday afternoon at Knox College in Galesburg, Illinois, in which he preached the moral obligation of our legislators to get something done for the people. He also properly pointed out that inequity is not just immoral, it’s also bad economics, “This growing inequality isn’t just morally wrong; it’s bad economics.”

Watch the full speech here:

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The President laid it out:

When middle-class families have less to spend, businesses have fewer customers. When wealth concentrates at the very top, it can inflate unstable bubbles that threaten the economy. When the rungs on the ladder of opportunity grow farther apart, it undermines the very essence of this country.

That’s why reversing these trends must be Washington’s highest priority. It’s certainly my highest priority. Unfortunately, over the past couple of years in particular, Washington hasn’t just ignored the problem; too often, it’s made things worse.

The President then called out Republicans for threatening the economy again, “We’ve seen a sizable group of Republican lawmakers suggest they wouldn’t vote to pay the very bills that Congress rang up – a fiasco that harmed a fragile recovery in 2011, and one we can’t afford to repeat.”

Obama went in deeper for the killshot, pointing out that Republicans insisted on the blind, drastic, thoughtless cuts of the sequester, which are harming our economy, “Then, rather than reduce our deficits with a scalpel – by cutting programs we don’t need, fixing ones we do, and making government more efficient – this same group has insisted on leaving in place a meat cleaver called the sequester that has cost jobs, harmed growth, hurt our military, and gutted investments in American education and scientific and medical research that we need to make this country a magnet for good jobs.”

Obama made a moral argument and an economic argument for better policies from lawmakers, and against the Republican threat to hold the economy hostage once again.

This time around, Republicans are demanding that ObamaCare be defunded or the economy gets it. Yes, they are that peevishly immature and selfish. They don’t want Americans to have access to affordable healthcare and they don’t want to stop insurance companies from dropping you when you get sick. They don’t want you to have these things because they were against them, and it would be a “win” for the Democrats if you got them and liked them.

So, even though it is the law of the land and was upheld by the Supreme Court, Republicans refuse to acknowledge it as the law. They’ve become lawless lawmakers– obstructing policy via extortion, sort of like the Mafia. The biggest gun wins, not the best idea.

Clearly Obama is the only adult in the room when he’s talking to House Republicans, who have become such an embarrassment that even Senator John McCain is distancing himself from the tea stench.

This speech shows why Obama is the President, while the feckless delinquents calling themselves House Republicans are just gerrymandered parasites. Obama is the leader of the entire country, and he puts his obligations to the people ahead of politics. Time and time again, he has tried to reason with the hostage taking Republican extremists in the House, only to have them vote no on their own ideas if Obama supported it.

Republicans don’t care about the people. They don’t feel any moral obligation to do the right thing by our economy, let alone the middle class. Republicans have become the immoral party of greed and selfishness, and their elected officials embody the lack of party values by placing their own elections ahead of policy and their actual jobs at all times. Republicans have become an embarrassment. They are way past policy disagreement and into post-policy nihilism based on glorified Randian, egomaniacal narcissism.

A thriving middle class is good for business and good for the economy, on top of being a morally desirable goal. Republicans like to dress up as the founders of this nation, while ignoring the very premise of opportunity upon which they founded it.

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