President Obama told an Illinois audience that vicious trends in the United States “winner-take-all” economy have diminished the economic opportunities available to Americans.

“The trend of a winner-take-all economy, where a few are doing better and better and better,” Obama said, “those trends have been made worse by the recession. This growing inequality — not just of result, [but] inequality of opportunity — it’s not just morally wrong; it’s bad economics.”