A Quote by Robert Gibbs
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with.
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I am laying out a specific agenda that will make more progress, get more jobs with rising incomes, get us to universal health care coverage, get us to universal pre-k, paid family leave and the other elements of what I think will build a strong economy, that will ensure Americans keep making progress. That's what I'm offering and that's what I will do as president.
It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.
The thinking it took to get us into this mess is not the same thinking that is going to get us out of it.
I think it's important for people to say look, what does each party and each candidate have to offer for you. If you want a better future that is going to be reliant on making smart economic policies, compare my husband's eight years with Ronald Reagan's eight years. 23 million new jobs, more than seven million people lifted out of poverty.
The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.
I remember in 1990, there were five of us making $3 million a year. When guys passed us, we didn't cry. Why would we cry? You didn't get mad when someone got $6 million. Or $8 million.
We've all got to get together and demand something better out of our government and out of each other. We've got a system that's making us working harder, and isn't giving us satisfaction. We've got to sit down and decide what the hell we really want to be as human beings.
Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.
I think it took us nine years to get one million subscribers to AOL, and then in the next nine years we went from one million to 35 million.
Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.
Nine million people - nine million people lost their jobs [in 2008]. Five million people lost their homes. And $13 trillion in family wealth was wiped out.Now, we have come back from that abyss. And it has not been easy.
In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.
If Stupidity got us into this mess, then why can't it get us out?
Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.
I think the average American recognizes that it took years to create the crisis that erupted in 2008 and peaked in January of 2009. And it's going to take some time to work through it.
The Leave campaign claims we send £350 million a week to Europe. This is untrue. When you take into account the rebate Margaret Thatcher got for us and the money we get back in E.U. funding, the true figure is nowhere near that.
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