We begin tonight with inequality in the economy and the dangers to young americans. President obama says 10 of the population is now taking home half of the nations income. He warns the growing canyon between rich and poor is destroying the economy, and threatening the American Dream. President obama the top 20 , has about a two in three chance of staying at or near the top. A child born into the bottom 20 has a less than one in 20 shot at making i. T. To th making o the top. Hes ten times modifier likely to stay where he is. President obama states statistics that shows the average American Income is shrinking. The president asked the congress to raise the minimum to 7. 10 an hour. Encouraging government dependence. White house correspondent Mike Viqueria joins us with more. Mike, why the speech and why now . Its a great question john. First of all the facts that the president and the statistics that the president cited are beyond dispute. There is a growing income disparity in the cou
Addiction has landed him a job in the united states. [ music ] president obama had a lot to say about economic inequality. Perhaps it was an attempt to divert attention from the rollout from his health care law. He struck a nerve when he talked about the middle class and how Many Americans are learning. Well take a look at this with an american who knows what its like to live that way. First, Mike Viqueira at the white house the facts are beyond dispute. The government sought to highlight the gap between the rich and poof. He was up to two themes. These are themes struck throughout the presidency, first and second term. He talked about the gap between rich and poor and talking about trying to raise the minimum wage. He got behind that, backing a height or legislation and congress thats 0. 10 an hour. Many states are moving on their own. The president deniably is trying to shore up a Political Base after a rocky rollout of healthcare. Gov. Democrats are dispirited. This is the latest in
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