In an exclusive interview with ABC's George Stephanopoulos, President Barack Obama had this to say about Republicans who want to gut Medicare and replace it with health care "coupons" (vouchers), and cut Social Security before considering any Grand Bargain:

"Well– I understand. Which is why, at some point, I think I take myself out of this. Right now, what I’m trying to do is create an atmosphere where Democrats and Republicans can go ahead, get together, and try to get something done. And, y– you know– I think what’s important to recognize is that– we’ve already cut– $2.5– $2.7 trillion out of the deficit. If the sequester stays in, you’ve got over $3.5 trillion of deficit reduction already."

"And, so, we don’t have an immediate crisis in terms of debt. In fact, for the next ten years, it’s gonna be in a sustainable place. The question is, can we do it smarter, can we do it better? And– you know, what I’m saying to them is I am prepared to do some tough stuff. Neither side’s gonna get 100%. That’s what the American people are lookin’ for. That’s what’s gonna be good for jobs. That’s what’s gonna be good for growth."

"But ultimately, it may be that– the differences are just– too wide. It may be that ideologically, if their position is, “We can’t do any revenue,” or, “We can only do revenue if we gut Medicare or gut Social Security or gut Medicaid,” if that’s the position, then we’re probably not gonna be able to get a deal."

No debt crisis? But, the GOP has been screaming that the sky is falling ever since Obama took office. In fact, a recent poll by Bloomberg News asked Americans whether they believed the budget deficit was growing or shrinking, just six percent answered the question correctly. Ninety-four percent had no clue. And 62 percent actually thought it was getting bigger. So the next time you hear a poll about how Americans think it's important to shrink the budget deficit, remember that 94 percent of us don't even know that it's getting smaller.

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President Obama began this week’s address by praising the latest jobs numbers, a rebounding stock market and a quickening pace for new home sales. “And we need to do everything we can to keep that momentum going,” he said. “At a time when our businesses are gaining a little more traction, the last thing we should do is allow Washington politics to get in the way.” That's why he met with Republican senators on Wednesday, and is making plans to attend both the Democratic and Republican Party meetings in Congress next week. He hopes to “untangle some of the gridlock” and continue discussions to end the sequester. Obama acknowledged that progress won’t be easy, but added “I still believe we can come together to do big things.”

Full transcript of the President's remarks below the fold, or you can read it at the White House website.

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Robert Reich, former U.S. labor secretary and professor at U.C. Berkeley’s Goldman School of Public Policy, tells Current TV’s John Fugelsang why Democrats and Republicans need to cooperate in order to avert the looming sequester.

“What Democrats ought to be proposing, and even Republicans ought to be proposing, is to say, ‘Let’s just repeal the sequester,’” Reich says. “The problem right now is not the budget deficit — the budget deficit is actually shrinking — the problem right now is jobs. The problem right now is the economy and economic growth. Wages. That’s what we ought to get back to – the fundamentals.”

“Trickle-down economics is just a bald-faced lie,” Reich adds. “It means that you’re protecting the rich, protecting the powerful. It’s what Republicans have been doing for years, and you know, you tell a lie over and over and over again … and eventually people start to believe it.”

Speaking from Hyde Park Academy in his hometown Chicago, President Obama says he wants to reignite the "true engine of America's economic growth, a rising, thriving middle class."

"Every day, we should ask ourselves three questions: How do we bring good jobs to America? How do we equip people with the skills those jobs require? And how do we make sure your hard work leads to a decent living?" Obama says in the address.

By launching manufacturing hubs across the country, the president says he believes it will "transform hard-hit regions into global centers of high-tech jobs and manufacturing." America should become a "magnet for new jobs," he says.

Obama explains that getting there should be simple.

"We need to make our tax code more competitive, ending tax breaks for companies that ship jobs overseas, and rewarding companies that create jobs here at home. And we need to invest in the research and technology that will allow us to harness more of our own energy and put more people back to work repairing our crumbling roads and bridges," says. "These steps will help our businesses expand and create new jobs."

The president also notes his goals raising the minimum wage and providing every American child with "high-quality preschool," because, he says, "kids in these programs do better throughout their lives."

"These steps will help grow our economy and rebuild a rising, thriving middle class. And we can do it while shrinking our deficits. We don’t have to choose between the two, we just have to make smart choices," he said.

A full transcript of the President's remarks after the fold, or visit the White House website.

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Just how different are the Democratic and Republican platforms on immigration? One would potentially cost the U.S. $600 billion in economic growth, $64 billion in taxes as well as 11 million jobs.

The other plan would create $127 billion in economic growth, bring in $3.9 billion in annual taxes, and create 65,000 new jobs. Before I lose anyone's attention, this is the Dem platform on immigration, the one that leads to billions in national economic growth, billions in annual tax revenue, and creates thousands of new jobs.

From Think Progress:

At their respective nominating conventions this summer, the Republican and Democratic parties could not have adopted more different platforms on the question of how to deal with the 11.5 million undocumented immigrants living in the United States. The platform adopted by Republicans doubles down on nearly every extreme enforcement tactic, with the goal of “self-deportation,” or driving all undocumented immigrants out of the country. In contrast, the platform adopted by Democrats calls for the practical, forward-looking reforms that were once embraced by leaders in both parties—even by a Republican whose name was conspicuously absent during their convention, former President George W. Bush.

In this infographic we illustrate what would happen to our economy during the four years of the next presidential administration based on the respective immigration policies of the two political parties. Specifically, we look at the consequences for overall economic growth, jobs, and taxes of either deporting 11.5 million undocumented immigrants (including 8 million workers, as the Republican platform would do) versus enabling them to earn legal status (as the Democratic platform would do)

More on this here.

Move over "Trickle Down," there's a new game in town. It's an economy that begins with the middle class.

After thirty years of an economy geared toward the wealthy, the rest of us are waking up to the fact that a strong middle class is critical for robust economic growth.

Produced by the Center for American Progress (http://www.americanprogress.org/) and Mark Fiore (http://www.markfiore.com).