The Buzz: Gov. Brown says income disparity hurts economy

08/08/2014 2:36 PM

08/09/2014 12:00 AM

Brown says income disparity hurts economy

Last week it was Neel Kashkari, the Republican candidate for governor, emerging from a week posing as a homeless man in Fresno to highlight shortcomings of the economy in California.

He was unable, he said, to find a job – evidence that the Democrats who run the state are aren’t creating enough work.

A counterpoint of sorts arrived Wednesday, in a speech in which Gov. Jerry Brown lamented “incredible” income inequality in California. He cited a report by the Wall Street credit rating agency Standard & Poor’s that found increasing income inequality has held back the country’s economic growth.

“If the consumers are up to their eyeballs in debt, aren’t making a decent salary, how the heck are they going to buy anything?” Brown told the California School Employees Association. “And if they don’t buy anything, the economy doesn’t go forward and doesn’t work.”

The report, Brown suggested, was an affirmation of liberal policies championed by Democrats.

“Now we have official approval of progressive, more egalitarian politics coming right out of Wall Street,” he said.

David Siders

Worth repeating

“If all your news came from press releases issued by House Republicans, you would never know that the president has ended two wars.”

SEN. BARBARA BOXER, in an op-ed slamming GOP colleagues as Congress left town for a break.

Editor's Choice Videos

Join the Discussion

Merced Sun-Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service