Political Quotes

“during the past 3 years, we have seen a tale of two economies and an unprecedented redistribution of wealth in this country resulting in one economy for the middle-class families and one for the special interests. While there have been profit booms for corporations and a compensation boom for CEOs, there is a growing wage and benefits recession for the middle class of this country. To those who say redistribution of wealth is wrong, I agree. Whether you redistribute wealth to the top 1 percent or the bottom 25 percent, that is wrong. Middle-class families are dealing with an economy that has a wage-and-benefit recession, all the while they have increasing health care costs, college costs, job insecurity, and retirement uncertainty associated with their savings. While this administration creates tax loopholes for corporate jet use, leaving the taxpayers to pay for billions of dollars in corporate jet use, they have frozen college assistance to middle-class families. This is the essence of class warfare. As famed investor Warren Buffett once said, "If class warfare is being waged in America, my class is winning." A report last month by Bloomberg in the Chicago Tribune showed U.S. corporate profits increased by 87 percent in the last 2 years. Average CEO pay got a big boost of 8.7 percent, while salaried employees saw the most anemic wage growth since World War II, 1.7 percent.”