Democratic Radio Address 2-9-08

[0:01] ..." Good morning this is guns and Charles Rangel of New York and the chairman of the house Ways and Means Committee. And right now I guess all the eyes of the country looking at this current economic downturn. And really see what it means the hard working people and the ability to make it needs. The president and the leadership of the congress has come together in a bipartisan way and put together an economic stimulus package. The premise of this packages put the money in the hands of people. Who and such dire economic straits that they have no choice except to spend the money back into the economy. In other words the president is not doing this look compassionate reasons but he's talking in the families who -- struggling to put a roof over their heads food on the table sending kids back to school. And they want them to get it rebates because they are forced to spend the money to survive. This is not a"...

[1:16] ..." in the first place. In the 1990s he had periods such. Wrong economic growth. But in recent kids. We have rising gas prices weakness in the housing and credit markets and dramatic increases in the cost"...

[0:01]" Good morning this is guns and Charles Rangel of New York and the chairman of the house Ways and Means Committee. And right now I guess all the eyes of the country looking at this current economic downturn. And really see what it means the hard working people and the ability to make it needs. The president and the leadership of the congress has come together in a bipartisan way and put together an economic stimulus package. The premise of this packages put the money in the hands of people. Who and such dire economic straits that they have no choice except to spend the money back into the economy. In other words the president is not doing this look compassionate reasons but he's talking in the families who -- struggling to put a roof over their heads food on the table sending kids back to school. And they want them to get it rebates because they are forced to spend the money to survive. This is not a compassionate act is really done in noted despite our businesses they want businesses to be able to serve the -- goods and his services to people. Who right now even though many and work every day just can't afford to buy. So as we move forward to leave behind and to make more perfect this package. I think we ought to really ask the president what that is involved this in the first place. In the 1990s he had periods such. Wrong economic growth. But in recent kids. We have rising gas prices weakness in the housing and credit markets and dramatic increases in the cost of health care and education. Millions of families -- left out because of this stagnant wages. The erosion of they -- benefits they're feeling insecure and they should feel insecure as we find out that. More than five million people. Have slipped into poverty since the year 2000 and yet to and is very very same time period. The incomes of the wealthiest nation have grown to new heights. In fact the issue of pretax income going to the top 1% of households is that the highest level since 1929. We know what happened in 1929 we don't want to go back the F. But there's something wrong with the picture if we find so many people go into poverty poverty is deadly. It's expensive it's a threat to our nation and has been ignored for too long. Now while those packages may be good -- is that it seems to me after."