New job Quote by Barack Obama
“Bill Clinton tried the approach that I'm talking about. We created 23 million new jobs. We went from deficit to surplus. And businesses did very well. So, in some ways, we've got some data on which approach is more likely to create jobs and opportunity for Americans and I believe that the economy works best when middle-class families are getting tax breaks so that they've got some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more to make sure we're not blowing up the deficit.”
About This Quote
Source Speech: Economic Policy Address, Barack Obama, 2010
The speaker argues that tax cuts for middle‑class families stimulate job creation and economic growth, citing past successes as evidence.
In simple terms: Tax breaks for middle class boost jobs and economy.
Key Takeaway
Support middle‑class tax relief.
Themes
economy
tax policy
job creation
middle class
budget
growth
Mood
optimistic
pragmatic
Type
policy
economic.
When to use this quote
- policy debate
- budget planning
- tax reform
- business strategy
Key Concepts
fiscal stimulus
supply‑side economics
public finance
Questions to Reflect On
- How do tax cuts affect different income groups?
- What balance between deficits and growth is optimal?
A Different Perspective
May overlook long‑term deficit impacts and income inequality.
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