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Middle-Class Squeeze Isn’t a New Problem in America
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Presidential historian Doris Kearns Goodwin discusses the current state of civil unrest in America.
- Duration 7:02
- Date Oct 12, 2011
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Presidential historian Doris Kearns Goodwin discusses the current state of civil unrest in America.
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Generally -- over 161000.
-- about Lincoln.
I do I do.
And that the -- -- -- the -- in the -- but that of what the world am I doing and I now we've been writing about Teddy Roosevelt there's been tons of books about him but.
You just try and figure out a way that tells this story is a little different way that you can't just try to -- biography -- you gonna just be one of those 60000.
On your take a look at Bill O'Reilly is -- I got it actually and I'm anxious to read it I mean I still care about Lincoln Nike can't get -- can't get them out of my head now and I gather people are that is pretty good on that -- -- to look at.
Tunnel I'm -- -- person is building nationalized doled -- Public and from the other that's sort of on either John Montgomery just they -- -- go what do you -- -- this -- -- -- -- -- Wall -- I think it's exciting to tell you the truth you know I mean one of the things that's the art that is that there's a mysterious cycle of human events periodic cycles of activism and reform.
And when you see people out there finally talking about what happened to the country.
You know we thought in a progressive fairly sort in a new deal we thought in the sixties and we've -- -- to some extent in the Tea Party and now we're seeing -- here.
You know my crazy wonderful husband wrote a book twenty years ago which could provide a focus for -- people what He talked about what it was called promises to be.
And it was calling for exactly this kind of movement.
Saying that there are two pillars of our country democracy and capitalism but capitalism at the end into the creation and distribution of wealth but democracy make sure.
That that distribution is somehow helping the benefit for the country as a whole not the view.
And He talked about breaking up the company's executive compensation linked to actual economic performance.
-- this I'm not invested profits and forcing.
Reduction in campaign spending balance budgets and incredible a lot of the stuff they're talking about now hedge funds reckless loans.
And just the need some tell you that the different that the been come in well they're inherent in capitalism which is fine.
Individuals that they increase wealth by contributing to the growth of the country it's -- for them to be rich.
So when you've got failed CEOs -- get a twenty million dollar parachute or reckless bankers not being has -- -- you've got a problem.
But we're don't bring major down narrower did it break out journal sixers head down and put our name -- down and -- -- provide them focused on -- -- be.
All I -- by the way from is a wonderful.
Writer from Rolling Stone I think is great this -- advice to the protesters to it is contain and occur undershirt.
A Rolling Stone October 27 edition and his sales are going to and some many of the same things -- husband's.
Yeah is an incredible I'm telling you gotta I -- I've had I had not known about this but obviously all along but -- -- followed the outlook but about the book out that this as.
He was calling -- that they might this -- in 1992.
It was a time of recession is that there may be a temporary recovery but the problem of the middle class squeeze that's been going on for decades and that has to do with the financially institutions have overtaken democracy.
And you need both the calling for democratic capitalism so it's not just I hate all business you know.
I'm against the -- for class warfare is figuring out what structural changes they needed in the economy to make sure that it's benefiting the many rather than the U.
One of the one of the things -- Tea Party people had was.
-- -- they -- -- -- -- there were specific about what they were upset about a and they were providing more than 100 of them are not.
Specific remedies to solve -- problems -- IAB and her husband.
But I think that we may need to -- guy's name from -- moral -- -- or.
Aluminium from the old days that's -- -- -- Yeah just but they need somebody -- other -- -- they'd need much more focus.
Some gonna try to convince Thai navy had him down and there was -- -- holding about it.
They're go down they're gonna have band or whatever and it's -- -- -- -- -- megaphone.
And if there's people focused on his of all things is saying is -- -- there five point settle that to bail them.
In terms of start articulated one break up the monopolies.
Of lives are so called too big to fail company.
-- -- -- his -- pay for the all bailouts right don't provide any public money from private slobbering.
-- taxing hedge fund gamblers and change the way bankers do.
As you know that that I'm I'm telling you I I I should get -- -- that you the big promises it's because it's exactly along those lines and written twenty years ago.
And I think the problem for the occupied people as they're afraid that if they become specific.
They'll lose some people on the fringes who may not agree with it but that they've got to get specific.
They and they don't need twenty they don't need 59 point but it Romney has certainly you're right I promised -- -- -- I think you did well last night I think it well you know -- the the benefit of having 59 point.
-- that then you're not you're talking points aren't limited like the other people bar.
Number I don't and.
It mean if Harry looked like -- -- remember rich girl and that.
So let's stop to their Red Sox -- Tommy we've made an error was afraid of making another -- -- never one of the baltics comes to remedy may be more areas that day.
I think He was so afraid of being called -- -- I guess Charlie Rose said after what he'd never looked in the morning was looking around the table that don't call on -- put I might go up.
I mean and Romney cut confident he's got -- we've been through it before and yet more talking point is not reduced its 23 kids their 28 kids like Bachmann is we did.
So -- is operation under handicapped and the Easter itself well collateralized is a large group never recover without that would not have been -- -- -- guys are gonna be present -- -- and should one and done so.
Well that's I think the occupy world -- thing if I mean it's not.
Just democratic I think clearly now at this point if the movement that Democrat and Republican trying to push the whole structure but if there's an activist them coming up again.
Then that might shift the balance a little bit look what happens to mr.
Obama.
-- can't wait for your new book -- I mean there but -- this -- yeah I that's what's so exciting at the robber barons as anti trust that -- breaking up big companies I mean Teddy Roosevelt understood.
That you needed a fair deal -- where the up for everybody and He didn't wanna screw up the rich and -- they didn't contribute it was the same thing we're talking about today -- -- talking about in 19100.
Husband's back then.
You know housing -- Russian -- it.
And the book is called promises to -- prompts us to get a little abrupt so it's not a big oil pipeline.
-- it could benefit program Mombasa while we're gonna copter for tie AB.
Are you mail order to have a company I don't know.
Perfect our -- I love dearly thank you very much sought a -- -- on thank you thank you I think it was a different element and I professor doors governor to absorb we're gonna -- minutes.
-- arm a one time years ago we -- Boston.
He should birdie and was a large and it's time -- -- -- into meaningful one out have to bars and and her husband and he's -- absolutely brilliant.
All the -- launches -- issues -- real the real.