back to top
Politics

Ted Cruz: "I Can Only Laugh" When Obama, Clinton Discuss Income Inequality Since They Made It Worse

"And income inequality — you know, I have to admit, I can only laugh any time President Obama or Hillary Clinton talk about income inequality, because it's increased dramatically under their administration."

Posted on
w.soundcloud.com

Ted Cruz is attacking President Obama and Hillary Clinton on income inequality.

"Over the last six years of the Obama presidency, the rich have gotten richer," Cruz said Thursday on the Laura Ingraham Show. "The top one percent today earn a higher share of our income than any year since 1928. And income inequality — you know, I have to admit, I can only laugh any time President Obama or Hillary Clinton talk about income inequality, because it's increased dramatically under their administration. And the working men and women are getting hammered. There are 92 million Americans right now not working — we have the lowest labor force participation since 1978."

President Obama has often discussed closing the gap between the rich and the poor in the United States, making inequality the theme of a December 2013 speech on economic mobility.

"The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I'm making here. There are practical consequences to rising inequality and reduced mobility."

Clinton likewise made income inequality the theme of a speech at the New America Foundation in May of this year.

"Now, these are the kinds of daily struggles of millions and millions of Americans. Those fighting to get into the middle class and those fighting to stay there. And it was something of a wakeup call when it was recently reported that Canadian middle-class incomes are now higher than in the United States. They are working fewer hours for more pay than Americans are, enjoying a stronger safety net, living longer on average, and facing less income inequality."

Andrew Kaczynski is a political reporter for BuzzFeed News and is based in New York.

Contact Andrew Kaczynski at andrew.kaczynski@buzzfeed.com.

Got a confidential tip? Submit it here.