I was one of the few members of Congress who ever worked as an economist. I also started a company that went public and is traded on the New York Stock Exchange. I understand the economy, and what it needs to recover and thrive, for everyone.
Our country can no longer afford to let the rich get richer through tax breaks, at the expense of the middle class.
On trade, I have been one of the strongest advocates of fair trade. Year after year, Americans borrow hundreds of billions of dollars to buy foreign goods and services, without foreigners doing the same for us. We lose those jobs, and we go deeper and deeper into foreign debt – now more than $10 trillion. I explained this in a Facebook video that drew more than one million viewers.
I pointed out on national television that American has the fifth most unequal distribution of wealth in the world. That needs to change. The only way that everyone will be better off is if everyone is better off.
When the economy recovers, we need to tackle government spending and return to the days of budget surpluses, like the ones we created under the Clinton Administration. But first, we need to ensure that we avoid another recession, and that there is a job for everyone who needs one.