Pope Francis blasts the growing wealth gap and mega-salaries in his annual peace message.

He needs to send a copy of his speech to Barack Obama.
The Rich Got Richer under Bill Clinton and Barack Obama… And, especially their rich buddies!

But, while the rich got richer under Obama millions of Americans did not do so well. Poverty is currently at its highest rate since the 1960s.

Someone needs to inform Francis and Obama that redistributive economic policies don’t work so well.
Reuters reported, via Free Republic:

Pope Francis said in the first peace message of his pontificate that huge salaries and bonuses are symptoms of an economy based on greed and inequality and called again for nations to narrow the wealth gap.

In his message for the Roman Catholic Church’s World Day of Peace, marked around the world on January 1, he also called for sharing of wealth and for nations to shrink the gap between rich and poor, more of whom are getting only “crumbs”.

“The grave financial and economic crises of the present time … have pushed man to seek satisfaction, happiness and security in consumption and earnings out of all proportion to the principles of a sound economy,” he said.

“The succession of economic crises should lead to a timely rethinking of our models of economic development and to a change in lifestyles,” he said.

Francis, who was named Time magazine’s Person of the Year on Wednesday, has urged his own Church to be more fair, frugal and less pompous and to be closer to the poor and suffering.

His message will be sent to national leaders, international organizations such as the United Nations, and NGO’s.

Titled “Fraternity, the Foundation and Pathway to Peace”, the message also attacked injustice, human trafficking, organized crime and the weapons trade as obstacles to peace.

Anger at multi-million payouts for executives has swept across the globe as the economic crisis has deepened and the gap between the super-rich and the poor has widened.

 

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