Deep thought of the day from Obama: ‘I think you grow an ...
President Obama on the choice we face this fall: “I think you grow an economy from the middle out, not the top down.”
How Economic Growth Works
Gov't, business, and/or individuals invest using saved or borrowed funds
Positive results lead to growth and more jobs, income at lower cost
What does not work
Gov't borrows money to spend or make bad investments.
Middle class is squeezed between flat income and higher costs - thus, no savings to invest.
Without savings, the economy must rely on more borrowed money - leading to European style crisis.
Should you elect a President who understands how the economy creates jobs, or based on personal appeal?
