But to be fair, a good deal of the other party’s opposition to our agenda has also been rooted in their sincere and fundamental belief about the role of government. It’s a belief that government has little or no role to play in helping this nation meet our collective challenges. It’s an agenda that basically offers two answers to every problem we face: more tax breaks for the wealthy and fewer rules for corporations.
The last administration called this recycled idea “the Ownership Society.” But what it essentially means is that everyone is on their own. No matter how hard you work, if your paycheck isn’t enough to pay for college or health care or childcare, well, you’re on your own. If misfortune causes you to lose your job or your home, you’re on your own. And if you’re a Wall Street bank or an insurance company or an oil company, you pretty much get to play by your own rules, regardless of the consequences for everybody else.
Now, I’ve never believed that government has all the answers. Government cannot and should not replace businesses as the true engine of growth and job creation. Government can’t instill good values and a sense of responsibility in our children. That's a parent’s job. Too much government can deprive us of choice and burden us with debt. Poorly designed regulations can choke off competition and the capital that businesses need to thrive.
I understand these arguments. And it’s reflected in my policies. After all, one-third of the Recovery Act we designed was made up of tax cuts for families and small businesses. And when you think back to the health care debate, despite calls for a single-payer, government-run health care plan, we passed reform that maintains our system of private health insurance.
But I also understand that throughout our nation’s history, we have balanced the threat of overreaching government against the dangers of an unfettered market. We've provided a basic safety net, because any one of us might experience hardship at some time in our lives and may need some help getting back on our feet. And we've recognized that there have been times when only government has been able to do what individuals couldn't do and corporations wouldn't do.
That's how we have railroads and highways, public schools and police forces. That's how we've made possible scientific research that has led to medical breakthroughs like the vaccine for Hepatitis B, and technological wonders like GPS. That's how we have Social Security and a minimum wage, and laws to protect the food we eat and the water we drink and the air that we breathe. That’s how we have rules to ensure that mines are safe and, yes, that oil companies pay for the spills that they cause.
Now, there have always been those who’ve said no to such protections; no to such investments. There were accusations that Social Security would lead to socialism, and that Medicare was a government takeover. There were bankers who claimed the creation of federal deposit insurance would destroy the industry. And there were automakers who argued that installing seatbelts was unnecessary and unaffordable. There were skeptics who thought that cleaning our water and our air would bankrupt our entire economy. And all of these claims proved false. All of these reforms led to greater security and greater prosperity for our people and our economy.
So what was true then is true today. As November approaches, leaders in the other party will campaign furiously on the same economic arguments they’ve been making for decades. Fortunately, we don't have to look back too many years to see how their agenda turns out. For much of the last 10 years we've tried it their way. They gave us tax cuts that weren’t paid for to millionaires who didn’t need them. They gutted regulations and put industry insiders in charge of industry oversight. They shortchanged investments in clean energy and education, in research and technology. And despite all their current moralizing about the need to curb spending, this is the same crowd who took the record $237 billion surplus that President Clinton left them and turned it into a record $1.3 trillion deficit.
So we know where those ideas lead us. And now we have a choice as a nation. We can return to the failed economic policies of the past, or we can keep building a stronger future. We can go backward, or we can keep moving forward. And I don't know about you, but I want to move forward. I think America wants to move forward.
Thursday, June 3, 2010
Why To Elect People Who Do Believe in Government
President Obama made the case very well yesterday: