for too long the interests of the middle class have gone ignored--simply an afterthought in a financial system that has enabled a few Americans to help themselves, to accumulate immense wealth, while middle-class wages stagnated. Wherever I go in Ohio, the story is the same: From Toledo to Marietta, from Ashtabula to Middletown, the entrepreneurs and small business owners can't get the credit they need to expand operations and hire workers. College students are worried about signing away their financial future when signing up for college. They are worried a bank's exorbitant interest rate will follow them into their career, through parenthood, and into retirement. Neighborhoods across Ohio--especially in our cities, but it has spread way beyond that--have been shattered because of the housing crisis, caused in large part by Wall Street gambling with the American dream. Cities and towns face massive budget shortfalls, shortchanging vital public services such as education, law enforcement, and transportation. Today, I brought to Washington--for the third straight year--55 presidents of colleges and universities, 2-year, 4-year, private and public, from Ohio to talk about what we do with public education. All of them face significant budget problems because of what Wall Street has done to our communities, to our colleges and universities, to our cities, towns, and small businesses.
Editor's note · Context
The speaker addresses the financial struggles of the middle class and the impact of Wall Street on communities in Ohio.
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