A Quote by Cory Booker
I live in a working-class community that is struggling at the poverty line, where people who work full-time jobs still at my corner bodega use food stamps. Do you think they care what the stock market's doing today or what the GDP number is? No.
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People are working hard, they're doing everything we ask of them, and they are still struggling. It's not enough to just have a job. We need to make sure that these are good-paying jobs that pay the rent and put food on the table. Jobs that have benefits like health care and that allow people to save for retirement.
[I]t's an honor to be a food stamp president. Food stamps feed the hungry. Food stamps save the children. Food stamps help the farmer. Food stamps help the truck driver. Food stamps help the warehouse. Food stamps help the store. Food stamps hire people and feed people. Food stamps save people from starvation and malnutrition. ... Give President Barack Obama a big hand. Show your love. Show your appreciation.
The economy has definitely been improving, and things like the stock market are doing better, but the economy has to be good for working-class and middle-class families who work every day, send their kids to a school like is in front of my house, and they have to be able to enjoy their lives. That's why you don't pass a trade agreement that ships even more jobs overseas.
I think women today are really struggling with these dual roles: How do you have a full-time career and be ambitious and still take care of your family?
These Americans are among the working poor with full-time jobs earning $5.15 an hour. Millions fall into this boat, even more when you consider that the poverty line has not been adequately adjusted to reflect the true level of poverty in this country.
It is argued by our GDP obsessed policy planners that eventually the money being made by the stock market operators or the IT industry would trickle down to the poor farmers in terms of ancillary jobs that would be created. But the fact is, that this has not happened, despite the boom in the stock market and the IT industry.
People think that this concept of GDP is scientific economics, partly because it has a precise number and can be quantified. But the underlying concept of "the market" makes it appear as if today's poverty is natural. It makes it appear that Goldman Sachs and Donald Trump are job creators instead of job destroyers. That is illogical, when you think about it.
Right now, with millions of Americans still out of work, and struggling to recover from the worst economic downturn since the great depression, with 40 million Americans dealing with student loans, with millions of people working full-time at minimum wage and still living in poverty, with the big banks getting bigger and the workers getting poorer, and seniors struggling to make ends meet, Republicans in Washington have decided the most important thing for them to focus on is how to deny women access to birth control.
While my parents both worked full-time, we still grappled with the scourge of working-class poverty. But my entrepreneurial mother used her research skills to consult. And, along with my dad, she even ran a soul food restaurant for my great-aunt.
I want us to raise the national minimum wage, because people who live in poverty should not - who work full-time should not still be in poverty.
Today's market action is driven by the slower GDP growth rate. Despite oil being higher, I think the GDP kind of overruled everything and just makes the market feel better about what the Fed is going to do, or rather not do.
I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost identical to where it was in October 2007 and then there was a $7 trillion crash and before that in March 2000.
Today there are a huge number of think tanks working on poverty-related issues; there are books written on the topic; and university centers being created to study poverty. But, at the same time, the media has a terribly hard time with this issue; it's very hard to convince editors and publishers to devote resources to complex investigations of the lives of America's poor. And, as a result, too often poverty is portrayed in stereotypes, in sound bites, in a few pat images rather than in its full Technicolor complexity and diversity.
To be honest, I've never invested in the stock market. My grandmother used to warn us against the stock exchange. My grandfather had lost a lot money in the share market. We are a working class family.
More people are on food stamps today because of Obamas policies than ever in history. I would like to be the best paycheck president in American history. ... And so Im prepared if the NAACP invites me, Ill go to their convention and talk about why the African-American community should demand paychecks and not be satisfied with food stamps.
The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.
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