Widening Gap Quotes
This was a clever paraphrase of Winston Churchill's famous quotation.
Commenting on Richard M. Nixon's administration:
The reason the age rave grows faster than the median is that there are some earners at the top who increase by huge amounts while the rest of the population did not grow by much. This is the same phenomenon in England that occurred in the United States in the same period, only the United States differential was even greater.
For almost a century this is an attack that conservative Republicans had made on Democrats. Yet the two greatest period of poverty, the Great Depression and the Great Recession occurred in Republican Administrations and recovery began under Democratic Presidents. The two great targets accused of wanting to spread the wealth around were Presidents Clinton and Obama In each case, the country was more affluent after 4 years of spreading the wealth, there were more jobs and average incomes were up—well better than when they took office from Republicans. There are two great theories of how wealth and prosperity is created. Conservatives argue that government should give money (or reduce tax burdens) and resources to the wealthy and they will invest it to create jobs and everyone will prosper. Liberals argue that the government should invest (spend money) in programs that strengthen the middle class and give them money or (reduce their tax burdens) and consumer spending which accounts for 70 percent of the economy will increase and the rich owners of the corporations will also make more money. Clearly both of these approaches seem to have worked at different times in American history; however, both of them have been failures at other times. (The George W. Bush and Jimmy Carter Administrations for example.) However, that is the political economic issue which must be decided by each American generation.
