Transferring that much purchasing power from consumers on Main Street to speculators on Wall Street puts a severe drag on the economy.
Carl Levin: “Transferring that much purchasing power from consumers on Main Street to speculators on Wall Street puts a severe drag…”
Editor's note · Context
Levin discusses the negative economic impact of speculation on consumer purchasing power.
Share
More from Carl Levin
I am prepared to close, and I yield myself such time as I may consume. Mr. Chair, while people may have all kinds of opinions on the underlying issue, this amendment is simply about sunshine. It simply is about good government: Will our…
For 2 months, Donald Trump used the biggest megaphone in the world to organize a campaign of outright lies to overturn a free and fair election. On January 6, he summoned and incited a mob of domestic terrorists to fight like hell and sent…
Let me just mention, the gentlewoman is so right that it is a floor. One of these arguments that we hear is, ``We don't want one-size-fits-all,'' right? Well, first of all, as a labor lawyer, the minimum wage has been one national wage the…
It incentivizes companies to ship jobs to Mexico and out of our communities like mine in southeast Michigan. Mexico has not demonstrated the will, meaningfully, to reform its labor system, and the weakness of USMCA's enforcement mechanisms…





