Obama Says What America Needs Is "Bottom Up Economics"

TAMPA, Fla., June 22 (UPI) -- U.S. President Barack Obama told a campaign rally in Florida Friday the country needs "some middle class-out economics, some bottom-up economics."

Speaking at Hillsborough Community College in Tampa, the president said the economy is growing, following the worst downturn since the Great Depression, "but it needs to grow faster."

He said what's holding back growth is "a stalemate between two fundamentally different views in Washington about which direction we should go in." He told his audience Republicans, including presumptive presidential nominee Mitt Romney, "believe that we should go back to the top-down economics of the last decade."

"They figure that if we simply eliminate regulations and cut taxes by trillions of dollars, then the market will solve all of our problems," Obama said.

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