2016 State of the Union address: on Corporations


Barack Obama: Private sector is lifeblood of economy but needs limits

A thriving private sector is the lifeblood of our economy. I think there are outdated regulations that need to be changed. There is red tape that needs to be cut. But after years now of record corporate profits, working families won't get more opportunity or bigger paychecks just by letting big banks or big oil or hedge funds make their own rules at everybody else's expense.
Source: 2016 State of the Union address to Congress Jan 20, 2016

Barack Obama: Business should be more community oriented

I believe that in this new economy, workers and start-ups and small businesses need more of a voice, not less. The rules should work for them. And I'm not alone in this. This year I plan to lift up the many businesses who've figured out that doing right by their workers or their customers or their communities ends up being good for their shareholders. And I want to spread those best practices across America.
Source: 2016 State of the Union address to Congress Jan 20, 2016

Barack Obama: Food stamps didn't cause financial crisis; Wall Street did

After years of record corporate profits, working families won't get more opportunity just by letting big banks or big oil or hedge funds make their own rules. Food Stamp recipients did not cause the financial crisis; recklessness on Wall Street did.

Immigrants aren't the principal reason wages haven't gone up. Those decisions are made in the boardrooms. It's sure not the average family watching tonight that avoids paying taxes through offshore accounts.

The point is, I believe, that in this new economy, workers and start-ups and small businesses need more of a voice, not less. The rules should work for them. And I'm not alone in this. This year, I plan to lift up the many businesses who've figured out that doing right by their workers or their customers or their communities ends up being good for their shareholders, and I want to spread those best practices across America. That's part of a brighter future. In fact, it turns out many of our best corporate citizens are also our most creative.

Source: 2016 State of the Union address Jan 12, 2016

Jill Stein: 80 billionaires own as much as the lower 50% of world

While working people struggle, over 90% of income gains have gone to the top 1%, corporate profits have tripled, and the richest 0.1% now owns more than the lower 90% of us combined. A mere 20 billionaires now own as much as the entire lower half of the US population. Globally, only 80 billionaires own as much as the entire lower half of the world's population, 3.5 billion people.

This unconscionable state of affairs cannot simply be blamed on greedy Republicans. The President himself has been leading the charge, with bipartisan Congressional help, to slash food and medicine for the vulnerable, cut critical social programs by nearly a trillion dollars in 2011 alone, and repeatedly threaten Medicare and Social Security. Meanwhile, Democrats oversaw a $16 trillion bailout for big banks and $5 trillion in tax favors for the wealthy. They made the Bush tax cuts for the rich permanent just as they were about to expire, and locked in low capital gains and inheritance taxes.

Source: Green Party response to 2016 State of the Union speech Jan 12, 2016

  • The above quotations are from 2016 State of the Union address to Congress, plus the opposition party responses: Jan. 14, 2016.
  • Click here for definitions & background information on Corporations.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Barack Obama on Corporations.
  • Click here for more quotes by Nikki Haley on Corporations.
2020 Presidential contenders on Corporations:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN)
Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Dec 03, 2021