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America’s richest congressman says poor in the US are ‘envy of the world’

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California GOP Rep. Darrell Issa was challenged by CNN Money correspondent Cristina Alesci on Thursday after he seemingly downplayed income inequality issues in the US.

“America’s the richest country on Earth because we’ve been able to put capital together and we’ve been able to make our poor somewhat the envy of the world,” Issa told Alesci. “If you go to India or you go to any number of third-world countries, you have two problems: you have greater inequality of income and wealth. You also have less opportunity for people to rise from the have-not to the have.”

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“I don’t think the comparison is one we want to make,” Alesci responded. “We don’t want to compare ourselves to India. We want to set the bar pretty high.”

“Why shouldn’t we?” Issa countered, before telling her, “I appreciate your comment, but you’re wrong. You do have to compare yourself to the rest of the world. We compete with the rest of the world.”

Because the US operates in a global economy, he argued, it was important “that we’re able to amass capital, have a trained workforce. And quite frankly, if we want to get paid more, we need to be able to produce somewhat better than many of those countries, including India.”

Reporting by both CNN Money and the Washington Post corroborates Alesci’s point. Research has shown that not only is economic mobility more stagnant in the US compared to other developed nations like Japan, Germany and Australia, but
that it has remained stagnant for the past 50 years.

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“It is not true that mobility itself is getting lower,” Harvard University economist Lawrence F. Katz told the Post. “What’s really changed is the consequences of it. Because there’s so much inequality, people born near the bottom tend to stay near the bottom, and that’s much more consequential than it was 50 years ago.”

Issa, the former CEO of a California-based car security alarm company, has an estimated net worth of $450 million.

Watch the interview, as posted by CNN Money on Thursday, below.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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‘He wasn’t that bad then’: Former Trump Org insider recalls when Trump shifted to become ‘a joke’ and ‘a cartoon’

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Former Trump Organization insider Barbara Res recalled a time she worked with President Donald Trump when he "wasn't that bad."

MSNBC host Ari Melber began the segment by calling Trump a "snowflake" for getting mad with Denmark for calling his idea of purchasing Greenland "absurd."

"Let's just deal with this real quick. We know it's how he operates: Attack, troll, mock, bully and indignantly complain other people are bullying him," Melber noted. He then welcomed Res to discuss what is happening in Trump's brain.

He asked Res if anything could become an important issue to Trump if it wounds him enough. "Is he a snowflake?"

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‘His mommy should have told him she loved him a little bit more’: CNN analyst eviscerates Trump over ‘chosen one’ comments’

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On Wednesday's edition of CNN's "The Situation Room," analyst Gloria Borger laid into President Donald Trump for his bizarre press conference anointing himself "the chosen one."

"'I am the chosen one,' and that comes after the president re-tweeted a conspiracy theorist radio host who said that he is like the second coming," said host Brianna Keilar. "So what do you make of all of this?"

"I think maybe his mommy should have told him she loved him a little bit more," said Borger. "I don't know. It is hard — it is hard to know what to make of this. Some people will say, as Trump says, 'Oh, I was only joking when I said all of that stuff.' But the truth of the matter is that he does this all of the time, and talks about how wonderful he is, and if you recall during his speech at the convention when he talked about the problems the country was facing he was saying 'I alone can fix it.'"

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Trump promises vets he won’t use his campaign slogan — then blurts it out seconds later

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While talking with veterans on Wednesday, President Donald Trump vowed that he would not politicize the event by reciting his 2020 campaign slogan -- and then did it anyway just seconds later.

While addressing the American Veterans National Convention in Louisville, Kentucky, the president made light of the fact that he was not supposed to be using his speech to promote his reelection campaign and was only there to talk about his administration's work on behalf of veterans.

"In all things, we are putting our country first," the president said. "We are saying, let’s say 'Make America great again,' but we are almost there, 'Make America great again.' We may have to switch it. You know what we’re going to switch it to? Huh? Yeah? That is right. I will not say it here, because this is not a campaign speech."

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