Tags: artur | davis | economic | recovery | wealthy

Artur Davis: Economic Recovery Mostly Helping Wealthy

By Greg Richter   |  

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.

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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...
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