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Transcripts For MSNBCW MSNBC - Democratic National Convention 20160726

And wealth inequality in america today. It is not moral, it is not acceptable, and it is not sustainable that the top 1 10 of 1 now owns almost as much wealth as the bottom 90 . Or that the top 1 in recent years has earned 85 of all new income. That is unacceptable. That must change. This election is about remembering where we were 7 1 2 years ago when president obama came into office after eight years of republican trickledown economics. The republicans want us to forget that as a result of the greed, recklessness and illegal behavior on wall street, our economy was in the worst economic downturn since the great depression. Thats where we were. Some 800,000 people a month were losing their jobs. 800,000 people. We were running up a record breaking deficit of 1. 4 trillion and, by the way, the worlds Financial System was on the verge of collapse. Thats where we were when president obama came into office. Well, we have come a long way in the last seven and a half years and i thank presi

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