Political Quotes

“the past 3 years show a tale of two economies and an unprecedented redistribution of wealth in this country resulting in one economy for middle-class families and one for the special interests. While there is a profits boom for corporations and a compensation boom for the CEOs, there is a growing wage and benefits recession for the middle class. To those who say redistribution of wealth is wrong, I agree. I say redistributing the wealth to the wealthy is wrong and bad economics. The tale of two economies is a contrast fueled by executive compensation that too often bears no relation to performance and regressive tax policies that punish work and reward wealth, creating an upside-down economy that has shifted the tax burden from wealth to work, burdening middle-class families already facing skyrocketing health care costs, skyrocketing and rising tuition costs, job uncertainty, and retirement insecurity. While this administration creates tax loopholes for corporate jet use and has reduced the audits of millionaires, it is auditing hundreds of thousands of people and families earning $30,000 or less. This is the essence of class warfare. And as the famed investment adviser, Mr. Buffet, once said, "There is class warfare and my class is winning." A report this week, recently out and reported by Bloomberg in the Chicago Tribune showed U.S. corporate profits have increased by 87 percent between the third quarter of 2001 and the end of 2003.”