Artur Davis: Economic Recovery Mostly Helping Wealthy

Sunday, 04 Aug 2013 10:53 AM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A former Democrat says his old colleagues face a tough sell in 2014 with an economic recovery that is helping mostly the well-off.

"The irony of this recovery is that it's exactly the kind of recovery that when I was a Democrat we used to complain was a 'Republican' kind of recovery," said Artur Davis, former Democratic congressman from Alabama.

"If you are an American who's doing very well, frankly, this recovery is pretty good for you," Davis said Sunday on CNN's "State of the Union." "If you're someone whose income is primarily derived from stocks, if you're someone who owns a company, your profits are up … but if you're a middle-class American, if you're a working-class American, this recovery has not been terribly good for you."

President Barack Obama, whom Davis backed for president in 2008, and other Democrats will have to make the case during the midterm elections that the slow-growing economy is a good thing, Davis said.

But when he was a member of that party, it was common to campaign against Republicans, saying they were only helping the people at the top income levels.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Yellen's Tough Job: Determining When Labor Market Has Healed

Friday, 22 Aug 2014 23:49 PM

Federal Reserve Chair Janet Yellen said she still isn't satisfied with the U.S. labor market. . . .

California Senate Passes Gun Database Checks Bill

Friday, 22 Aug 2014 22:46 PM

The California Senate passed a bill on Friday requiring local law enforcement to search a database of firearms owners in . . .

Parole for John Lennon's Killer Mark David Chapman Denied Again

Friday, 22 Aug 2014 22:19 PM

John Lennon's killer was denied release from prison in his eighth appearance before a parole board, correction officials . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved