Jim Saxton: “During the last 3 or 4 years we have gotten ourselves into a situation where wages have shrunk and taxes have increased.…”

“During the last 3 or 4 years we have gotten ourselves into a situation where wages have shrunk and taxes have increased. And so when you have shrinking wages and increased taxes, you get people in a pinch. You get people in a crunch. And, of course, that has happened during the Clinton administration, and there have been some around here who have called that Bill Clinton's crunch. In other words, we have got these lowering wages, increasing taxes, which means for every family in America less disposable income. Tougher to get a loan, tougher to get the kids clothes in September when they go back to school, tougher to go to the Acme Market or the Super Saver Market or whatever market you go to every week, and this issue of less disposable income is one of the primary reasons why the generation that you just spoke about, your kids, are looking at their adult life and saying: 'Wow, did my parents have more opportunity than I did for the first time in the history of our country?'”