Charles E. Schumer Quotes
We certainly want those at the top to do well, but if you base your entire presidency and your entire economic platform on helping them do even better, you're missing what makes the economy tick. Because not everyone has been as fortunate as Mitt Romney, you cannot base your whole approach on a life experience as rarified as his.
Schumer, Charles E. "Remarks at the Democratic National Convention." 2012 Democratic National Convention, Time Warner Cable Arena, Charlotte, NC, 6 Sept. 2012.
At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.
He was concerned that if steps were taken to protect the environment and they slowed or shrank economic growth, the burden would fall disproportionately on the poor.
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Charles Ellis Schumer is an American politician serving as Senate Majority Leader since January 20, 2021. A member of the Democratic Party, Schumer is the senior United States senator from New York, a seat he has held since 1999. He is the current dean of New York's congressional delegation.