Earlier tonight, Robert Borosage appeared on MSNBC to analyze the President's appearance before the U.S. Chamber of Commerce. Excerpts from his remarks are below the video clip.
We've got record profits in corporations and we have a massive job problem here at home. And largely that's because the big corporations are making more and more profits abroad and locating their plants there. It will take a changed public policy to turn that around...
...In recent years, we have seen them accumulate more and more of that money at the top, among the CEOs and top executives. When this economy was growing under Bush, the top 1% were capturing about two-thirds of all of the rewards of growth. We've never seen that before, while most families were losing income.
And that's again got to be changed by public policy. It's not going to be changed by the corporations themselves. Those executives have a quite personal stake in keeping the system as it's working now...
President Obama today appealed to the patriotism of the members of the Chamber of Commerce to begin investing in America again, to begin bringing factories and jobs back and to begin sharing the gains of our economy with the American people. more »
President Obama is speaking today to the U.S. Chamber of Commerce. The press is reporting this as an effort to be "pro-business," to "patch up" relations with business, to "reach out" to business, to "court" business and to begin a "thaw" or "truce"with "business leaders." more »
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