CATHOLIC NEWS OF THE WEEK . Saturday, 10 November 2018

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Obama quotes the pope

WASHINGTON (SE) : The president of the United States of America (US), Barack Obama, quoted the recent exhortation of Pope Francis on December 4 when addressing the problem of inequitable distribution of wealth in his country.

A press release from the White House says that Obama pointed out that since 1979, when he graduated from high school, productivity in the US has risen by more than 90 per cent, but the income of the typical family has increased by less than eight per cent.

He added that the top 10 per cent no longer takes one-third of our nation’s income—it now takes half. “And meanwhile, a family in the top one per cent has a net worth 288 times higher than the typical family, which is a record for this country,” the president stated.

He said that this trend is not unique to the US, as across the developed world inequality has increased.

“Some of you may have seen just last week, the pope himself spoke about this at eloquent length,” Obama pointed out.

He quoted Pope Francis as asking, “How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?”

 

Obama went on to say, “But this increasing inequality is most pronounced in our country and it challenges the very essence of who we are as a people.”

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