Political Quotes

“I thank the distinguished gentleman from Nevada for the very precise and comprehensive analysis that was given today on the House floor. {time} 2015 There were several important points that you raised that I would like to elaborate on and perhaps have a follow-up discussion. One of the issues that you discuss relates to the failure of the economic expansion as well as the recoveries that have taken place increasingly over the last several decades to benefit in any proportional way people in the middle class and those who aspire to be part of the middle class. This has been a trend that we have seen for the last 30-plus years. It has been particularly pronounced in the 5 years or so since the economy collapsed in 2008. When we look at the recovery, I mentioned earlier today that it is a particularly schizophrenic and inconsistent one because we know that the stock market is way up, corporate profits are way up, CEO compensation is way up and the productivity of the American worker is way up, but middle class wages remain stagnant. Now, why is that a problem? This chart illustrates the fact that essentially since 1950, the productivity of the American worker--our ability as workers throughout this country to produce more in a more efficient fashion, costing less in time and resources, has consistently and exponentially increased--the productivity of the American worker.…”