The Speech: On Corporate Greed and the Decline of Our Middle Class

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Description

On Friday, December 10, 2010, Vermont Senator Bernie Sanders walked on to the floor of america Senate and began speaking. It turned out to be a very long speech, lasting over eight and a half hours. And it hit a nerve. Millions followed the speech online until the traffic crashed the Senate server. A huge, positive grassroots response tied up the phones in the senator’s offices in Vermont and Washington. President Obama reportedly held an impromptu press conference with former President Clinton to deflect media attention away from Sanders’ speech. Editorials and news coverage seemed all through the world.

In his speech, Sanders blasted the agreement that President Obama struck with Republicans, which extended the Bush tax cuts for millionaires and billionaires, lowered estate tax rates for the very, very rich, and set a terrible precedent by establishing a “payroll tax holiday” diverting revenue away from the Social Security Agree with Fund, threatening the fund’s very future. But the speech was once more than a critique of a particular piece of legislation. It was once a dissection of the collapse of the American middle class and a well-researched attack on corporate greed and on public policy which, over the past several decades, has led to a huge growth in millionaires while america has the highest rate of childhood poverty in the industrialized world. It was once a plea for a fundamental change in national priorities, for government policy that reflects the needs of working families, and not just the wealthy and their lobbyists.

Finally, Sanders’ speech-published here in its entirety with a new introduction by the senator-is a call for action. This can be a passionate commentary informing us that the only people who will save the middle class of this country is the middle class itself, but only whether it is informed, organized, and prepared to take on the enormously powerful special interests dominating Washington.

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