Remarks by the President at the “Let Freedom Ring” Ceremony Commemorating the 50th Anniversary of the March on Washington, August 28, 2013.
“We shouldn’t fool ourselves. The task will not be easy. Since 1963, the economy has changed. The twin forces of technology and global competition have subtracted those jobs that once provided a foothold into the middle class — reduced the bargaining power of American workers. And our politics has suffered. Entrenched interests, those who benefit from an unjust status quo, resisted any government efforts to give working families a fair deal — marshaling an army of lobbyists and opinion makers to argue that minimum wage increases or stronger labor laws or taxes on the wealthy who could afford it just to fund crumbling schools, that all these things violated sound economic principles. We’d be told that growing inequality was a price for a growing economy, a measure of this free market; that greed was good and compassion ineffective, and those without jobs or health care had only themselves to blame.”