The only way to grow the economy in a way that benefits the bottom 90 percent is to change the structure of the economy. At the least, this requires stronger unions and a higher minimum wage.
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We can't just cut our way to prosperity. Even as we look for ways to reduce deficits over the long term, we must grow the economy in a way that strengthens the middle class and everyone willing to work hard to get into it.
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.
If you're going to grow the economy, if people are going to have more income, you have to have stability in the marketplace.
Our economy grows from the middle out, not the top down.
And that's how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.
You don't grow the economy by growing government.
The way we're really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, biotechnology industries that will create the millions of new jobs.
If productivity grows, the economy does well.
We have to change economic policy: create confidence, foster investment, cut the public deficit, restructure taxation and reform the labor laws.
It takes about two and a half percent growth just to keep unemployment stable.
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