Pelosi Creates Panel to ‘Combat the Concentration of Wealth in America and Its Role in Triggering Economic Collapse’
By CNSNews.com Staff | December 30, 2020 | 1:09pm EST
(CNSNews.com) - House Speaker Nancy Pelosi (D.-Calif.) announced today that she has created a new congressional committee—inspired by President Franklin D. Roosevelt—that is designed “to study and combat the concentration of wealth in America and its role in triggering economic collapse.â€
“As House Speaker, I am proud to announce the creation of the new, bipartisan Select Committee on Economic Disparity and Fairness in Growth, which will be an essential force in Congressional Democrats’ action to combat the crisis of income and wealth disparity in America,†Pelosi said.
“It is molded after the mission of the Temporary National Economic Committee, founded by President Roosevelt and the Congress after the Great Depression to study and combat the concentration of wealth in America and its role in triggering economic collapse,†she said.
“As President Roosevelt said before founding this Committee, ‘The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself… the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living,’†she said.
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