House Speaker Nancy Pelosi (D.-Calif.) announced today that she has created a new congressional committee—inspired by President Franklin D. Roosevelt—that is designed “to study and combat the concentration of wealth in America and its role in triggering economic collapse.”
“As House Speaker, I am proud to announce the creation of the new, bipartisan Select Committee on Economic Disparity and Fairness in Growth, which will be an essential force in Congressional Democrats’ action to combat the crisis of income and wealth disparity in America,” Pelosi said.
“It is molded after the mission of the Temporary National Economic Committee, founded by President Roosevelt and the Congress after the Great Depression to study and combat the concentration of wealth in America and its role in triggering economic collapse,” she said. […]
“The past several decades have shown with devastating clarity the marked imbalance between the financial fortunes of CEOs and workers. The reverence of those who amass profits by stagnating wages has seriously undermined the lives and livelihoods of many Americans, while slowing economic growth in our country. This year, the disturbing, dangerous trend of economic disparity has also been accelerated by the coronavirus economic crisis.”
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