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Transcripts For CNNW Your Bottom Line 20110924

president obama s finance committee. is it officially a lost decade for the middle class? it s certainly a lost opportunity. we ve lost ground. and middle class americans are really suffering. the top end has done well though. that s where you get this whole political narrative that the middle is suffering at the expense of the top. the what s happening right now is we re seeing a transformation or a dramatic change in our economy. we ve gone from a manufacturing oriented economy in terms of middle class job opportunities, those jobs are now lost. many of them are lost overseas and so now, our economy is paying for intellectual property and ideas. so we re going to be a much more educated economy and the jobs that are going to be created are going to require a greater level of education. that s happening faster than american families can transiti n transition. don wrote the september cover story, can the middle class be saved. we certainly hope the answer is yes. bu

Income
Middle-class-americans
Decrease
Aerks
9500
49500
Ten
Don-peebales
Level
Member
7
15

Transcripts For CNNW CNN Newsroom 20110922

but overall that idea that the fed thinks that there are still significant downside risks, kyra, that has people unnerved. stocks are down. oil is down big. gold is down, as well. so, you re seeing a real movement out of some of these commodities and stocks today on this idea that the economy is not out of the woods yet, kyra? we ll look for the numbers in 28 1/2 minutes, thanks so much. the threat of a new government shutdown an intense round of voting rejected a spending bill and the move surprised even the republican leaders. kate baldwin joining us now from capitol hill. so, kate, the government due to run out of money at the end of the month. tell us what is happening behind the scenes. here we go, again, kyra. quite a blow for house republican leadership last night. in a vote, the final tally 195-230. 48 republicans, almost 50 house republicans joined with an overwellming majority of house democrats to reject this bill. this measure, just to give a little bit of b

Economy
U-s-
Country
Stocks
Markets
Downside-risk
Futures
Operation-twist-stimulus
European
5
Fed
Kind

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