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Election Was a Scream From Tens of Millions of Hardworking Americans Living on a Terrifying Economic Knife-edge

FOR IMMEDIATE RELEASE
Wednesday, November 9, 2016
Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com

 

Election Was a Scream From Tens of Millions of Hardworking Americans Living on a Terrifying Economic Knife-edge

 

Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the election:

“This election was a scream from tens of millions of hardworking Americans for elected officials and policymakers to prioritize their economic circumstances, hopes and dreams.  It proved that the economic damage from the 2008 financial crash is still crushing too many American families and communities.  As found by a recent Fed survey, almost 50% of Americans do not have enough money to cover a $400 emergency expense.  No matter how hard they work and how hard they try, America’s families are living on a terrifying economic knife-edge.  Combined with the corruption of the connected few so visibly and frequently enriching themselves at the expense of the many, the election also reflects a profound loss of faith and trust in government and government officials. 

“That means that everyone must work to ensure that financial system is strong and that another devastating financial crash does not happen again.  Protecting the American people, our financial system and economy should not be partisan issues.  The 2008 financial crash threw tens of millions of hardworking Democrats and Republicans out of their jobs and homes and robbed them of their savings and dreams.  Preserving and protecting strong and effective financial reform is essential to prevent that from happening again and to ensuring that finance serves society and is not a threat to it.  We look forward to working with the incoming administration on these shared goals.”

 

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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