Obama Repudiates Republican Idea That Economic Stability Comes From The Top Down

At a campaign rally Tuesday, President Obama drew a sharp contrast between Republican plans to cut taxes to wealthy Americans to allow them to create jobs and the administration’s view that wealth does not trickle down from the wealthy, but rather comes from the middle class who would receive tax cuts under Obama.

“[Democrats] believe in an America that says our economic strength doesn’t come from the top down, it comes from the middle out, it comes from the bottom up,” Obama said. “It comes from workers and students, and small business owners, and a strong thriving middle class.”

[audio:http://trns.s3.amazonaws.com/wp-content/uploads/2012/09/20120904MiddleOut.mp3]

Tags: ,

About TRNS Washington Desk

View all posts by TRNS Washington Desk
TRNS Washington Desk
The Talk Radio News Service is the only information network dedicated to serving the talk radio community. TRNS maintains a Washington office that includes White House, Capitol Hill and Pentagon staffed bureaus, and a New York office with a United Nations staffed bureau.

U.S. Killed Four Americans With Drones On Foreign Soil

In a letter to congressional leaders on Wednesday, Attorney General Eric Holder confirmed that the Obama administration has killed four American citizens overseas using drones.

Internet Slowdowns In Iran Obstruct Free And Fair Elections, Rights Groups Warn

It is increasingly difficult for Iranians to access popular websites like Google, Facebook, and YouTube to find information about the elections outside of state-run and semi-official news outlets.

Sergeant Accused Of Secretly Taping Female Cadets

The revelation comes amid a flurry of sexual misconduct scandals

Lew Grilled On What He Knew About IRS Scandal

Treasury Secretary Jack Lew was questioned Wednesday by lawmakers on the House Financial Services Committee over when he learned that the IRS had targeted certain conservative non-profit groups.

WATCH: Republican Rips Into Former IRS Boss

“If there’s someone wielding a knife in the parking lot, are you gonna call the Inspector General?” a livid Trey Gowdy asked Doug Shulman.

Obama Heading To Oklahoma On Sunday

Obama will meet with families and first responders.