We caught up with Ohio Democratic Party Chairman David Pepper in Cleveland Wednesday to hear remarks delivered to the City Club by President Barack Obama. Both the president and Mr. Pepper focused on middle-class economics as the real pathway to prosperity for the overwhelming majority of Americans.
President Obama defined middle-class economics as the product of building “more ladders” for people to get into the middle class if they’re willing to work hard. “We do better when everyone grows together — top, middle, bottom. We do better when everyone has a chance not only to benefit from America’s success, but also to contribute to America’s success. And we know from more recent history that when we stray from that ideal it doesn’t turn out well. We’ve now got evidence there is a better way, there is a better approach. And I’m calling it middle-class economics.”