"Now, over the course of my presidency, one that began in the depths of a historic crisis, no issue has been more important than the future of our economy. That's certainly been of great interest in Ohio and in Cleveland. No topic has weighed more heavily on the minds of ordinary families, and no subject is more worthy of a great, big, open debate.
We know from the facts that are there for all to see that America does better, our economy does better, everybody does better when the middle class does better and we’ve got more ladders for people to get into the middle class if they're willing to work hard. We do better when everyone grows together – top, middle, bottom. We do better when everyone has a chance not only to benefit from America’s success, but also to contribute to America’s success. And we know from more recent history that when we stray from that ideal it doesn't turn out well. We’ve now got evidence there is a better way, there is a better approach. And I’m calling it middle-class economics."
Barack Obama, 44th President of the United States, delivers an address on the importance of middle class economics.