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Kucinich: ‘Class war is over, working people lost’
The above statement comes as the closing statement on day 2.
Kucinich at his best in the committee hearing - "The Government as Dominant Shareholder: How Should the Taxpayers' Ownership Rights be Exercised"
Day 1 Opening Statement of Subcommittee Chairman Dennis Kucinich
[media]http://groc.edgeboss.net/wmedia/groc/domesticpolicy/2009/12.16.09.dp.government.shareholder.wvx[/media]
Day2 Hearings
Day 2 Opening Statement of Subcommittee Chairman Dennis Kucinich
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Reflecting on the growing divide between Wall Street and Main Street, Rep. Dennis Kucinich (D-OH) on Wednesday offered a powerful critique on the state of the economy in an open committee hearing.
"The class warfare is over -- we lost," Kucinich said before the Committee on Oversight and Government Reform. "I want to make that announcement today. Working people lost. The middle class lost."
The harrowing comments from Kucinich, who is Chairman of the Domestic Policy Subcommittee, come amidst a national unemployment rate of 10 percent, one year and several months after the economic collapse of 2008 has marred the livelihoods of many.
"Don't tell me about class warfare," he continued. "Come to my neighborhoods in Cleveland. I will show you class warfare. I’ll show you hollowed out areas. I’ll show you businesses that went down because they don’t have access to capital. And on Wall Street it is fat city. Don’t tell me about class warfare."
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"The class warfare is over -- we lost," Kucinich said before the Committee on Oversight and Government Reform. "I want to make that announcement today. Working people lost. The middle class lost."
The harrowing comments from Kucinich, who is Chairman of the Domestic Policy Subcommittee, come amidst a national unemployment rate of 10 percent, one year and several months after the economic collapse of 2008 has marred the livelihoods of many.
"Don't tell me about class warfare," he continued. "Come to my neighborhoods in Cleveland. I will show you class warfare. I’ll show you hollowed out areas. I’ll show you businesses that went down because they don’t have access to capital. And on Wall Street it is fat city. Don’t tell me about class warfare."
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Kucinich at his best in the committee hearing - "The Government as Dominant Shareholder: How Should the Taxpayers' Ownership Rights be Exercised"
On Wednesday, December 16, 2009, the Domestic Policy Subcommittee held the first of a two day hearing titled: "The Government as Dominant Shareholder: How Should the Taxpayers' Ownership Rights be Excercised?" The hearing examined the way that common equity shareholder rights acquired by the Treasury Department under authorities provided in the Emergency Economic Stabilization Act of 2008 (EESA) have been exercised to date, and to assess alternative frameworks for exercising and protecting taxpayers' interests.
The hearing explored three broad sets of issues: First, what objectives should inform and guide those who exercise shareholder rights on behalf of taxpayers? Second, who should exercise those rights and what is the appropriate legal and consultative structure for exercising those rights and assuring that the appropriate policy objectives are met while fulfilling the Government's fiduciary obligations to taxpayers and minority shareholders? Third, when and by what process should the government divest its shareholder interests?
The hearing explored three broad sets of issues: First, what objectives should inform and guide those who exercise shareholder rights on behalf of taxpayers? Second, who should exercise those rights and what is the appropriate legal and consultative structure for exercising those rights and assuring that the appropriate policy objectives are met while fulfilling the Government's fiduciary obligations to taxpayers and minority shareholders? Third, when and by what process should the government divest its shareholder interests?
[media]http://groc.edgeboss.net/wmedia/groc/domesticpolicy/2009/12.16.09.dp.government.shareholder.wvx[/media]
Day2 Hearings
Day 2 Opening Statement of Subcommittee Chairman Dennis Kucinich
[media]http://groc.edgeboss.net/wmedia/groc/domesticpolicy/2009/12.17.09.dp.government.shareholder.wvx[/media]
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