On the recordJune 11, 2013
Wall Street was taken care of, but not Main Street. That's what happened. This is not just the result of just a free market system operating. This is a result of specific government policy over the last 50 years that has resulted in a skewing of the wealth of America, a skewing of that wealth from the great majority of Americans, as many as 90 percent, to the very tippy top of the income class. And so over the next, I don't know, 3, 4 weeks, maybe 2 months, I want to take this issue up of: What happened to the American Dream? What happened to it? When you see these kinds of statistics that children live in poverty and it takes four or five, five to six generations before a child that is in poverty today, their successor generations will be able to rise to the top of the middle class, almost 150 years, five, six generations before a person in poverty can climb the economic ladder, that's incredible, and that speaks to something terribly wrong here in America. When education, when half of the children from the wealthier families graduate from college and only 9 percent of the children from the low- income classes are able to graduate from college, these are problems that exist. If you want to take one more shot at a closing statement, then I'm going to end by quoting Bill Clinton.
Source
govinfo.gov




