Thousands of students, faculty and staff gathered under a clear sky in front of Low Library yesterday to watch the inauguration of President Barack Obama ’83 CC. The First Alum reflected on the current state of the economy and market turmoil in his inaugural address. He said:
Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control — and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our gross domestic product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart — not out of charity, but because it is the surest route to our common good.
Photo credits: Catherine New