America's poor are rich compared with the rest of the world. The economy is stable, and will improve gradually over the next few years according to most economists.
The President is just trying to make it happen sooner, and tap the resources available in ideas of the 'common folk.' You have a problem with that, do you?
Sure - inflation is very low, we're at full employment (under 6%), interest rates are very low, corporate profits are near record, the stock market is almost 200% higher than it was 10 years ago.
Hey - we should all be "dancing in the streets."