Political Quotes

On the recordApril 13, 2011
The chart that you and I shared a moment ago is up here next to me; and it clearly shows that we have seen a middle class in America that has seen very, very little progress over the last two decades and, instead, an enormous shift of wealth and income to the top 1 or 2 percent of the Nation. {time} 1820 There has been a 256 percent increase in income to the very wealthy, and as I said, it trumps all of the income gains by the rest of the economy. Those at the bottom saw maybe a 10 to 11 percent increase. The rest, very, very little. I look up and I see my colleague, the gentleman from the great State of Oregon (Mr. Blumenauer). Thank you for joining us. We talked earlier today about the upcoming debt limit. Please join with us and share with us your thoughts on what we are doing here, what we shouldn't be doing, or should be doing.
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John Garamendi
Democratic · California

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