It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
If you're willing to put in the work, the idea is that you should be able to raise a family and own a home, not go bankrupt because you got sick, 'cause you've got some health insurance that helps you deal with those difficult times; that you can send your kids to college; that you can put some money away for retirement. That's all most people want. Folks don't have unrealistic ambitions. They do believe that if they work hard, they should be able to achieve that small measure of an American dream.
Cutting benefits is not the right answer. Raising the retirement age is not the best option.
This is the defining issue of our time. This is a make-or-break moment for the middle class and for all those who are fighting to get into the middle class.
It's a generational project just to get America to live up fully to its ideals and to have the kind of society where everybody has a shot, and every kid is getting a good education, and people are getting living wages, and they have decent retirement.
When I think about what I'm going through, as President, it doesn't compare to what the folks that I'm representing are going through. They're losing jobs. They're trying to figure out how to pay their medical bills. They've seen retirements suddenly dissipate because of what's happening in the stock market. And so as tough as the job might be, and the politics of Washington can sometimes be I'm always reminded of how fortunate I am to be here, and what an extraordinary responsibility I have to try to deliver on some of the promises that I made during the election.
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