This isn’t about class warfare. This is about the nation’s welfare. It’s about making choices that benefit not just the people who’ve done fantastically well over the last few decades, but that benefits the middle class, and those fighting to get into the middle class, and the economy as a whole.
For the first time in history, the reforms that we passed put in place a consumer watchdog who is charged with protecting everyday Americans from being taken advantage of by mortgage lenders or payday lenders or debt collectors.
It will require those of us in public service to make government more efficient and more effective, more consumer-friendly, more responsive to people’s needs…And it will require American business leaders to understand that their obligations don’t just end with their shareholders
That’s how America was built. That’s why we’re the greatest nation on Earth. That’s what our greatest companies understand. Our success has never just been about survival of the fittest. It’s about building a nation where we’re all better off.
- Barack Obama, DEC 6, 2011, Osawatomie, Kansas. Click here for the full transcript