Rich against poor, inner city against suburb. If the truth be told, we have more than 10 million unemployed. We see states engaged in furious competition for each other's industry, furiously cutting taxes whose revenues are needed for social programs. In the midst of depression and recession, we have seen corporate profits rising twice as fast as during the booming Kennedy-Johnson years. Consumer prices are up.
Inflation is up.
The defense budget is up. Unemployment is up. And for the eighth year in a row, we hear an American President say that all this is too bad, but we are in tough times that demand fiscal stringency, and for just a while longer we are going to have to sacrifice people to business profits. I say it's time government cared about people. That's why I make the Humphrey-Hawkins full employment act the top priority of all, why I have supported it since the very beginning.