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Transcripts for CNN CNN Newsroom 20130920 18:00:00

and millions of americans lost their jobs, their homes, their savings. they had been working a lifetime to get. but what the recession also showed was the fact that for decades, middle-class families had been working harder and harder just to get by, hadn t seen their incomes go up, hadn t seen their wages go up. manufacturing was moving overseas. and so what built our middle class had been buckling. had been weakening. and i think if you ask most americans when the economic crisis hit, they might not date it to lemans brothers collapsing. they would talk to you about when they got a pink slip that they didn t expect or the bank took away their home, or they didn t have health insurance. or maybe they were told the plant was shutting down and the assembly line was going quiet. those were tough times.

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