This creature has about as much credibility as Obama when it come to talking about income inequality. None, in other words.
Rep. Rosa DeLauro (D-Conn.), who is worth millions of dollars according to her congressional financial disclosure statement, says Congress needs to tackle income inequality because it “poses an existential threat to our nation and our way of life.”On the House floor last Wednesday DeLauro said, “Every generation of leaders in this institution has faced their own time of testing. Whether it’s an economic panic, Great Depression, slavery, Jim Crow, Civil War, World War, Cold War. There are times when our country is confronted with a crisis that poses an existential threat to our nation and our way of life and Congress needs to stand up and act.”
Amazing how the left has concocted this issue out of thin air and all of a sudden it’s their primary issue. Anythint to distract from their own failures. Here’s an idea, Ms. DeLauro: Give up your money and distribute it to your poor constituents.
According to her congressional financial disclosure statement for 2012, DeLauro is worth between $5 million and $25 million. (The form’s requirements allow members to state ranges of value for their assets rather than exact values.)
In November 2013, the website Celebrity Networth listed DeLauro’s fortune at $20 million in its “Richest Politicians” category.
You can’t even begin to measure the levels of hypocrisy here. Meanwhile, income inequality has grown under Obama. Why does nobody pound him for that?
Through the ’50s and ’60s and early ’70s, decades of economic growth brought prosperity for all. Each economic group’s income share remained fairly constant. Then came the late 1970s, where under President Carter, the top 1 percent saw their share begin to rise and the bottom 90 percent saw theirs begin to fall.
Between then and now, the share of income gains captured by top earners grew. The top 1 percent saw a 45 percent increase under Clinton and a 65 percent increase under Bush.
That number has dramatically increased since Obama’s inauguration in 2009. By 2012, the top 1 percent was back to where it was decades ago — taking in about a quarter of all pre-tax income. Yet the bottom 90 percent saw their share fall below 50 percent for the first time in history.
Some analysts say this is because Obama was more focused on health care than alleviating unemployment and poverty.
Now thanks to ObamaCare people can’t even afford insurance. Great job, folks.