On the recordJanuary 24, 2012
for generations this was the American promise: If you worked hard and played by the rules, success would be within your reach. We call that success the American dream--to earn a decent wage, buy a home, put your children through school, and retire comfortably. For many people in this country, that dream has drifted further and further from reality. The recession cost many Americans their jobs, homes, savings, and basic economic security. Many are still struggling. Although the economy has made slow progress toward recovery, there is still much more work to be done before every American who wants to work can find a job. But the terrible recession is only part of the problem. The same Wall Street greed that caused the financial collapse is fueling the greatest income disparity since the Great Depression. In the last few decades, the average CEO's income has multiplied 250 times. Meanwhile, CEO's employees have watched their incomes creep up barely at all. So America is at a crossroads. As President Lyndon Johnson said in 1965--and it is time to ask that now--and I quote: . . . not only how to create wealth but how to use it; not only how fast we are going, but where we are headed. That is what he said. And the path we choose will determine what kind of a country we will be.…





