President Obama on Tuesday bemoaned growing income inequality and declining economic opportunity, sounding the populist economic themes that he has invoked at critical moments in his presidency.

“There’s a dangerous and growing inequality and lack of upward mobility that has jeopardized middle-class America’s basic bargain: that if you work hard, you have a chance to get ahead,” Obama said at an event hosted by the left-leaning Center for American Progress at an arts and education center in Southeast Washington.