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President [barack] obama's staking his reelection hopes on rebuilding america's middle class. he wants higher taxes on the wealthy, tougher rules on wall street, and everyone else to get a fair shot to succeed. republicans can cry "class warfare" if they want, but as the president put it today, it's about this country's welfare.
-Chris Matthews
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President [barack] Obama's Staking His Reelection Hopes

Chris Matthews
President [barack] obama's staking his reelection hopes on rebuilding america's middle class. he wants higher taxes on the wealthy, tougher rules on wall street, and everyone else to get a fair shot to succeed. republicans can cry "class warfare" if they want, but as the president put it today, it's about this country's welfare.
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Country Wall Class

More From Chris Matthews

The left does understand how raising taxes reduces economic activity. how about their desire for increasing cigarette taxes, soda taxes? what are they trying to do? get you to buy less. they know. they know that higher taxes reduce activity. it's real simple: if you want more of an activity, lower taxes on it. if you want less of an activity, raise taxes. so if you want more jobs? it's very simple. you lower payroll taxes. if you don't want as many jobs, then you raise corporate taxes. it's that simple, folks.
Real Simple Desire
To lay taxes to provide for the general welfare of the united states, that is to say, 'to lay taxes for the purpose of providing for the general welfare.' for the laying of taxes is the power, and the general welfare the purpose for which the power is to be exercised. they are not to lay taxes ad libitum for any purpose they please; but only to pay the debts or provide for the welfare of the union.
United States Purpose Taxation
They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. it's a handful of billionaires taking on the entire middle-class and working-class of this country. and the result is you now have in america the most unequal distribution of wealth and income of any major country on earth and the worst inequality in america since 1928. how could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of america, 150 million people?
Country Class America
The rich people are apparently leaving america. they're giving up their citizenship. these great lovers of america who made their money in this country-when you ask them to pay their fair share of taxes they run abroad. we have 19-year old kids who lost their lives in iraq and afghanistan defending this country. they went abroad. not to escape taxes. they're working class kids who died in wars and now billionaires want to run abroad to avoid paying their fair share of taxes. what patriotism! what love of country!
Running Country Giving Up
I heard governor romney here called me an economic lightweight because i wasn't a wall street financier like he was. do you really believe this country wants to elect a wall street financier as the president of the united states? do you think that's the experience that we need? someone who's going to take and look after as he did his friends on wall street and bail them out at the expense of main street america.
Country Wall Believe
I do believe that we should substantially lower student debt in this country, which is crushing millions of people. we pay for it, in my view, by a tax on wall street speculation. the middle class bailed out wall street in their time of need. now, it is wall street's time to help the middle class.
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