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Has the American Dream Faded in Current Economy?

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    Journalist Jeff Greenfield discusses his lack of optimism for the nation’s younger generations.

  • Duration 5:08
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Good morning mr.

unless -- pretty good been.

Split my time between -- of corporate and New York back here for my grandsons third birthday.

And there was some work.

So I'm Barbara one of the more beautiful cities on the planet.

She's so you tell -- that there really remember the Sicily is -- got need to do your show at fort -- you know there.

I went out there to take a break in try to write a book and and you know on the New York or born and bred and not just first day in that place -- -- Here and I have met the woman who is now my wife's.

-- I'm I'm military and Santa Barbara true -- -- Nora Ephron movie kinda weird you know accidental not entirely external meeting.

And I just a different place from more essential some lord knows very different place from New York but it -- At this point my life it's a good place -- -- We're just supposed to -- in -- more power and control for birds.

Well the the book that you so kindly help last year was certain that there and I'm finishing up but e-book and I hope spent a lot of my time.

-- books Christian hit my gauge reading one book every ten years we really to Jerusalem war books.

So well I got to get the pace.

-- sports found -- -- elections and I -- any other kind of sports.

Well I -- Memorable that this that's sort of -- a couple of hours per -- what you might my university.

We -- Yeah I -- -- I'm not one of those alarms some things that you know well.

My best -- people sort -- a market that contribute to the university where that's that's not what kind of lunacy.

But it was a check of the game although -- -- something.

Much as -- like on.

The whole March Madness.

In terms of the constant year upset so that Serbs.

I think the stories of corruption and hypocrisy coming out of the NC -- -- the last couple years have really put a cloud -- -- -- that stuff.

-- do you -- have they exploit.

Young young men and women.

You read -- -- -- that the truth is that interest sports and I find that actually has made it.

Less appealing to -- to -- should be like considerably tournament then maybe and certainly not resonate with those people but.

It's such a a a big business in the guise of you know amateur athletics and that it's so exploits.

The athletes.

And so -- -- is the NCAA.

And if you big time -- is.

It's just -- their -- for me.

The target of a modeling empathetic Jeff Greenfield showing some love.

For the college to sort it all I -- -- us live this morning -- -- -- -- -- there's are couple children years ago we're on many of the world was on the -- -- some.

This catastrophic.

Economic.

Collapse and then and discounted gym was gone bankrupt partisan deadlock.

And we're all worried about warm up anybody that I in -- in a bag of worried about that.

Cameras houses -- -- sold them and the big stimulus packages -- still not clear to me.

Where the money came from and and then Bob and I and the saw apparently I guess things are better but I don't know how it got better and I'm an arm and and I'm not convinced that the -- through June.

No -- -- better yes better compared to global financial typical catastrophe yes.

Time magazine has -- cover story this week I think -- -- it would be recovery.

Which goes into this if it's bad jobs are coming back but they're not seen anything like they used to and for a whole.

Group of -- -- in the tens of millions.

The jobs that are coming back will never.

-- -- slow will paid as the jobs for those -- would -- -- a decade or so go.

Which means the world news and recoveries.

Technically.

It was economic growth.

We are in a position -- we're gonna look back and say those were the good times.

And I was distraught but the should say with some friends I don't know what that means for those -- of the country.

So it's been a country where you thought for good reason for most people.

Which -- glaring exceptions -- your kids would be better off than you were.

And it was true for a long time.

And so -- -- out of the worst of it at least for now.

I think this is a long term.

Problem I think what what happened was that somewhere between 1940 in the 1970s.

We were the only kid on the block.

You know we we dominated the World Cup economically.

There was constant growth people kind of sense of things were getting better with a couple of -- And with a couple of little missions and I don't think -- there anymore and I don't know what that means sort of pure instinct destructive is right you know we.

We waited.

Absolute disaster would prove pretty damn close to -- few years ago but we're kind of which probably belong right now.