republicans always made the claim that we have a rising tide lifts all boats trickle-down
economics don't wait leap years that we're giving gigantic access to the rich by delegates
we get the arrest our way to go on
uh... i so that's that's what you say uh... well
we we have numbers spoke with said those numbers bear that out
and see how we've been doing well let's go institute for policy studies graph of the
distribution of u_s_ wealth
in two thousand seven his latest figures we have
well it appears that the bottom forty percent didn't get trickled on very much
uh... they have only two-and-a-half percent of the entire what the u_s_
that's half the country always two-and-a-half percent
uh... the fiftieth the ninetieth percentile only has twenty six percent
ninety two ninety nine percent as thirty seven point seven percent
and just the top one percent
has thirty three point eight percent
so if you get that
the top one percent of the country
has more of our wealth
than the bottom ninety percent
date ninety percent of all those combined
does not equal to the top one percent as for the world has the story
does it look like a trickle down to you
well if you're not sure how all these numbers are relative to other years that's a great
question you should be said maybe it's always been that way right
this is the worst percentage for the middle class the poor
since the and nineteen twenties the biggest disparity in income
you member went out of the late nineteen twenty spoke write a stock market crash funny how
that happens
this doesn't help anybody ultimately doesn't even help the rich
because you create such an imbalance of the system crashes
the tide does not realize it goes down
we didn't do this for the fifty years that america was great
that you know
we went
and we had very high marginal tax rates
amish issue even be that hot well and we had very high if they tax rates but the idea was
take out money and provide an opportunity for the middle class and grow the infrastructure
we don't do that anymore
so now another graph
this is a share of capital income
by the top one percent verses the bottom eighty percent
to top one percent at the top
and that is gone
right on top
and
there during the bush is that top one percent logo was having a skull of what's happening
and our bombing years or katie uh... base on other numbers that we've seen buddies are
for
the bush years birthday at an earlier right
now how we doing with uh... bottom eighty percent
well their share is going
and that gap
grows and grows and grows and that's why part of the reason why we have a collapses that
we do we had one only
and my guess is if this keeps going we're going to have another one fairly soon
well let's go to the third graph
uh... the past two detected two decades have everyone do
again and we have the rising tide
well as you see there
of the top one percent of earners again doing very well
c_e_o_ doing well
s_ and p_ five hundred doing really well
um...
all these things are going great await
except for that last one in the federal minimum wage
is that in menu div that's fascinating
and uh...
as your production goes up your pro product immediately you produce is going up
we are wages are going down
there's a lot like all of our boats got left
does it look like a trickle down to us no grafica graphs show as you
that disparity has grown and grown and grown and the rich have gotten richer
and the middle class
uh... is just barely struggling
uh... to remain as middle class rather than the poor
level without removal
and now in the midst of all this what do we have
we have treasures sector tim geithner today arguing as he does almost everyday
no no no bill regulate the banks don't regulate their girl restraining let them get richer
and richer goldman sachs reported
and of most of lot of the major banks reported record profits last year as our economy was
crashing or unemployment rate is up to ten
percent we've lost eight million jobs we're getting crushed
but i'll tell you sector and our president
issuers us havenot don't worry those banks will eventually take care
the numbers the facts
those graphs show you they don't take care of you
they take care of themselves
it's time that we demanded a how a lot better from our government
we've lost rack
uh... what's built this country
and that's the middle-class not the bankers