A Quote by Nancy Pelosi
The Democrats have been there for working people in our country. That's who we are, trickle-down vs. middle-class economics. That's the major difference between the parties.
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There is quite a lot of mutual misunderstanding between the upper middle class and the working class. Reviewing what's been said about the white working class and the Democrats, I realized that there's even a lot of disagreement about who the working class IS.
Where the principle of difference [between political parties] is as substantial and as strongly pronounced as between the republicans and the monocrats of our country, I hold it as honorable to take a firm and decided part and as immoral to pursue a middle line, as between the parties of honest men and rogues, into which every country is divided.
They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?
It`s not just Republicans. It`s Republicans and Democrats. It`s middle class, lower middle class, working class Americans who have felt the angst, who are frustrated, who are angry as a result of 1% growth which, in my view, has been really the issue that has propelled Donald Trump from day one.
When the Democrats are attacked for [inciting class warfare] they shrink back. They don't say what obviously should be said, "Yes, there is class warfare. There has always been class warfare in this country." The reason the Democrats shrink back is because the Democrats and the Republicans are on the same side of the class war. They have slightly different takes. The Democrats are part of the upper class that is more willing to make concessions to the lower class in order to maintain their power.
There's a false choice being put forward by some Democrats now. Either we double-down on our progressive values, or we go out there and talk about the middle class and the working class. I've never found them inconsistent. They go together.
Trump's junk economics is the illusion that if we cut the taxes on the wealthiest brackets, it'll all trickle down. But it doesn't trickle down.
Since Democrats vs. Republicans has been obliterated, no real difference between parties.
This is a guy [Steven Lerner] who believes, for example, that Reaganomics or trickle-down economics means, "The rich got rich by stealing from the poor," or stealing from the middle class and making them poor via debt. He has worked with unions in Europe.
We will talk about the contrast between both parties' nominees and our desire to continue to build on our success in helping people reach the middle class.
The United States has got to join the rest of the industrialized world in making sure that working families of the middle class have benefits that they absolutely need. We are the only major country on Earth that does not guarantee health care to all people as a right. We are the only major country on Earth that does not provide paid family and medical leave. There are many countries around the world which make sure that public colleges and universities are tuition-free. In our country, it's becoming increasingly difficult to afford to go to college.
In the United States, the working class are Democrats. The middle class are Republicans. The upper class are Communists.
Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of 'one dollar, one vote' as opposed to 'one person, one vote.'
I travel up and down the country and I've been all around the middle of America for many years. Middle America is not one big mass of people with a proverbial beer in its hand, keeping the country down. That is not my experience of it and I don't labor under that misconception. And we have a long tradition of coming together through music in our country.
We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.
Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.
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