“The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.”

—  Barack Obama

2013, Remarks on Economic Mobility (December 2013)
Context: So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.

Adopted from Wikiquote. Last update Sept. 30, 2023. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, ou…" by Barack Obama?
Barack Obama photo
Barack Obama 1158
44th President of the United States of America 1961

Related quotes

Simon Kuznets photo
Margaret Thatcher photo

“What we face is a threat to our whole way of life”

Margaret Thatcher (1925–2013) British stateswoman and politician

Conservative Party television broadcast “Winter of Discontent” (17 January 1979) http://www.margaretthatcher.org/document/103926
Leader of the Opposition
Context: If the past is any guide, what has happened this winter could happen again next winter and the winter after that and so on and so on. What we face is a threat to our whole way of life... The case is now surely overwhelming, there will be no solution to our difficulties which does not include some restriction on the power of the unions.

Shaun Chamberlin photo

“The threat to our way of life is a consequence of our way of life. That's what unsustainability means.”

Chamberlin's @DarkOptimism account (2020) https://twitter.com/DarkOptimism/status/1241367288474939396

Barack Obama photo
Joe Biden photo

“[W]hen we invest in strengthening workers and the middle class, the poor have a ladder up, and those at the top do just fine. That’s how we can increase opportunity and decrease persistent inequity.”

Joe Biden (1942) 47th Vice President of the United States (in office from 2009 to 2017)

2022, June 2022, Remarks by President Biden at the Inaugural Ceremony of the Ninth Summit of the Americas

Barack Obama photo
Hillary Clinton photo

“We have Dodd-Frank and we will break up banks that pose a systemic threat to our economy.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Democratic Presidential Debate in Miami (March 9, 2016)

Stephen Harper photo
Sergei Biriuzov photo

“We ceased to deal seriously with mobile combat. We relegated to oblivion the fundamentals of combat-in-depth tactics and of combined arms maneuvers which had been widespread before the Finnish campaign.”

Sergei Biriuzov (1904–1964) Soviet military commander

Quoted in "Nomonhan: Japan Against Russia, 1939" - Page 997 - by Alvin D. Coox - Political Science - 1990

Gerard Batten photo

“Successive governments have refused to accept the threat posed to our society by Islamic fundamentalism and extremism and to take the necessary measures to meet it head-on. We should esteem our own values of freedom, free speech and liberal secular democracy and start defending them.”

Gerard Batten (1954) British politician

Islamic fundamentalism is incompatible with freedom and Western liberal democracy https://web.archive.org/web/20070927174923/http://www.tfa.net/pdfs/60610.pdf (2006)
2006

Related topics