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For decades that notion of the American dream involved buying -- house if that's the case some could argue the American dream is indeed.
-- And -- while homeownership.
Dropped to 65%.
In the first -- That's the lowest level in nearly two decades this -- teen years.
We think however the American dream isn't just about housing here it's.
-- homes and it's about opportunity.
And our leaders don't really get back.
As we've reported -- came out in record numbers to support President Obama last year he won 93%.
Of the black -- But the black unemployment rate.
Remains the highest of all races and our population.
When President Obama took office it was twelve point seven.
We've told you how the president promised to make immigration reform a top priority in his second term.
You know that's what he promised in the first two.
Of Hispanics did vote for the president last year.
But nine point 2%.
Nine point 2% of Hispanics.
Are -- war.
Significantly higher than the seven point 6% national unemployment rate.
Not only that an already dismal wealth gap among races in the country has widened.
Under the Obama administration.
Before the recession -- families were about four times as lawfully.
And is as as sports or time.
As black and Hispanic challenge now.
Now that's expanded to six times.
As well and -- is those racial groups.
And ethnic groups the American dream is all about upward mobility and the ability to move into improve yourself.
About hard work going to college seeking opportunity.
The college costs themselves are out of control and as a result so is student loan debt.
Get ready for that's the average college student who graduated.
In 2011 the year moves -- for which we have the most recent -- which we have numbers.
I mean -- -- -- made.
In the toughest job market in memory.
Tories 7000 dollars in student loan debt.
And those who do graduate are -- -- and that something horrible job.
Young college -- -- -- -- averaged.
Are you ready and eight point 8% unemployment rate.
Eight point eight.
Asked for graduates.
And it's supposed to be a lot easier for them right.
But if you include young grads working part time for economic reasons the so called underemployment rate is astounding eighteen point 3%.
-- and it doesn't get better later in life either.
We have a looming retirement crisis and for many baby boomers that crisis is here now.
According to a study by the Employee Benefit Research Institute.
Of workers service.
Have less than 25000.
Think about that.
In savings and investments excluding their -- All of that signaling.
A failure vision failure of leadership at its worst -- to keep the American dream alive in this country.
These issues have to be addressed.
Not from the perspective.
Two orthodoxy is the Democrats who.
-- dress dependency.
In state solutions and Republicans.
Who want to just keep talking about debt and deficits.
We have to think better as I have said here throughout.
I hope we have that opportune.
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