A Quote by Elizabeth Warren
Consumer banking - selling debt to middle class families - has been a gold mine.
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Wes Clark put forward a middle-class tax plan, but it only helps a quarter of middle-class families, none without minor children at home. And mine helps 98 percent of the middle class.
I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their - their debt from college at a lower rate. Those are the kinds of things that will really boost the economy.
If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America.
Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks.
There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.
For the workers and their families, being able to bring home a living wage helps their families and, by extension, helps our economy. Seventy percent of our economy is consumer-based. We know that when lower- and middle-class families have money and disposable income, they spend it. That puts money back into the economy. It's a win-win for everybody: Not just for the individual, not just production at a specific company (like Nissan), but for the greater good.
Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.
For students today, only 10 percent of children from working-class families graduate from college by the age of 24 as compared to 58 percent of upper-middle-class and wealthy families.
I think DVD has been a real gold mine for a lot of reasons. You were selling a packaged good in a big mass market, so you could make it huge. You were selling or renting a thing that people didn't consume. You go to Blockbuster, rent five movies, and only watch two. That's a good business to be in.
If literary fiction is reduced to only middle-class families dealing only with middle-class angst, then it’s really finished as a force for grappling with the world.
I am fighting for those middle-class families who want us to deal with our debt and deficit, but they also want the investments that are critical to our country moving forward.
I relate with military families and Gold Star families. Gold Star families are families where somebody didn't come home. My father died in 1949. He was a flight instructor in the Army Air Corp.
My position has been consistent that middle class families should not pay more taxes. That hasn't changed.
When I moved from consumer banking to international banking, I thought I brought a lot of insights from India we could implement globally.
My upbringing was middle-class but my parents' families were both working-class so I had this odd combination of working-class background but in a privileged position.
I don't think anyone has ever really been able to marry tech, fashion, and this concept that sustainable material, up-cycled material can be luxurious. And nothing is more luxurious than gold, right? Gold is luxurious because it's gold, post-consumer or virgin. Whatever it is, it's just gold.
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