President Obama spoke at Carnegie Mellon University in Pittsburgh, Pennsylvania today. His main topic was the economy. He also began setting the stage for the upcoming midterm elections…
As November approaches, leaders in the other party will campaign furiously on the same economic arguments they’ve been making for decades. Fortunately, we don’t have to look back too many years to see how their agenda turns out. For much of the last 10 years we’ve tried it their way. They gave us tax cuts that weren’t paid for to millionaires who didn’t need them. They gutted regulations and put industry insiders in charge of industry oversight. They shortchanged investments in clean energy and education, in research and technology. And despite all their current moralizing about the need to curb spending, this is the same crowd who took the record $237 billion surplus that President Clinton left them and turned it into a record $1.3 trillion deficit.
So we know where those ideas lead us. And now we have a choice as a nation. We can return to the failed economic policies of the past, or we can keep building a stronger future. We can go backward, or we can keep moving forward. And I don’t know about you, but I want to move forward. I think America wants to move forward.
Transcript following the break.