Barack Obama Quotes
American economic greatness has never trickled down from the top.
See {34743} or {33971} for a more colorful and eloquent statement of the same notion.
Barack Obama, 44th President of the United States (Democrat, IL), United States Senator (Democrat, IL), Quoted on Al Jazeera News, October 18, 2014
Sourced by: Eigen's Political and Historical Quotations
Most people who hear this quote for the first time assume that it originates with some radical socialist of the 1930s. However it came from a President of the United States and a Republican President at that. Few scholars will place this quotation correctly.
This was written in 1933 one of the worst years of the Great Depression. Actualy many upper middle calss and rich people were ruined themselves by the Great Depression, but at the same time the ultra rich were living in a "gildd age" and reveled ostentatiously.
One dramatic example of this principle is that India at the end of the 20th century had more billionaires than the United States did.
The crisis of inequality of income and wealth has occurred seven times in American history.
Barack Hussein Obama II is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004.