It seems that many posters hate for Polosi seems to be the topic on this thread. I thought that maybe there would be thoughts about the substance of Pelosi's statement.
Basically Pelosi is addressing the wealth gap in the US which is at a record level. The last couple of times we have reached such a large gap was just prior to the Great Depression and again just prior to the Great Recession (which effects are still lagging around). I can post many, many links that verify that there is a true wealth gap, it's not a fantasy. Facts show that wages, in Real Dollars, have been very flat for the last eight-nine years. As a matter of fact this trend really raised it's ugly head during the recovery from the 2001 recession. The flat wage growth of the working middle class certainly led to the credit crunch that helped spearhead the recession that started in 2007.
Over two-thirds of the US economy is driven by consumer spending. How can the US continue a captialistic consumer driven economy when the middle class is losing wealth? Wealth has redistributed upwards and thus the great gap in wealth. It's no wonder that the US has experienced it's two largest economic downturns when the wealth gap has reached it's apex. It only makes economic sense.
Now, I'm no lover of Nanvy Pelosi, but I'm glad she made her comment. It is something that needs to be addressed. The big question is how does the US turn this probllem around?
I say we follow Nancy's advice: The best way to help the economy is to have more people using food stamps.
California Liberals! Is there anything they don't know?