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.
“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.
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