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Everyone else, 99% saw their incomes increase between 65 and 18%. the cbo report also found that the share of income received by the top 20% now exceeds the share of income received by the other 80% of americans. joining me now is doreen warren, an assistant professor at columbia university and a fellow at the roosevelt institute. what do you -- how would you explain this remarkable graph over the last 30 years at the top of the income curve? whaes whats happened in the country? it. >> is shocki...

using their shoes. lets begin with you at the new york stock exchange. tell us about the dow and in doing so, talk to me about europe. >> reporter: okay. the dow has been in rally mode all day. right now its at 358. the nasdaq s&p had been in rally mode. for the market overall, it is shaping up as one of the best months ever. this all happening because this european debt deal is giving investors a big shot of confidence. this is deal that wall street has been waiting for. these debt pr...

good afternoon from cnn hong kong. im andrew stevens. >> and good morning from london. im felicia taylor. it was a long time coming, but european leaders filly got there. shortly before 4:00 a.m. in brussels the announcement wed all been waiting for. european leaders struck a deal on the eurozone debt crisis. here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have greed take a 50% write down on the value of those assets. also the...

>> this is a federal regulatory onslaught like no one has seen. i dont want dirly air. i dont want dirty water. come on. its about what makes sense in order for america to compete. >> now, we need to regulate, because were trying to protect people. he calls this talking about dirty water and dirty air like it doesnt mean anything, and then when he makes these arguments about deregulation, jared, let me show you this graph of who did regulating and deregulating. mr. obama, president obama has don...

If theres not an agreement, its imposed upon the workers. >> why is he picking on all of people, public heroes, firefighters, people who go into burning homes to save lives but he went tax the wealthiest ohioans? >> ohioans who have money, if you lived in ohio youd be with me, the top 1% pay 40% and make 25% of the money in this country. >> thats a great right wing bullet point. i give you credit on that. >> its also the truth. >> its also the graph thats out there. the red line, the income of t...

Ago republicans were telling us deficits were the biggest problem around. now we have a series of plans youre going to see come forward. i agree with jim. the flat tax is on the agenda now. all of which inherently are going to mean bigger deficits because theyre going to discover that a lot of commerce in america depends on government spending. >> yeah. and david, how would this graph look with a flat tax over the last 30 years? this is my favorite. i show it. theres the red line going up, the t...

We can bring that graph back up. it is jarring just to see. if the words dont affect you from people in the occupy movement, or you may be out of the loop. what else do you process? other than theres something wrong here. >> up asking a moment ago whether the occupy movement had legs. and i think that to the extent it becomes known for this issue, and weve talked about it. income disparity. to the extent that it really become known for this, as opposed to some of the other interests that are bei...

Youre going to see come forward. i agree with jim. the flat tax is on the agenda now. all of which inherently are going to mean bigger deficits because theyre going to discover that a lot of commerce in america depends on government spending. >> yeah. and david, how would this graph look with a flat tax over the last 30 years? this is my favorite. i show it. theres the red line going up, the top 2% over the last 30 years. theres the average wages for the working folk of america where the wages h...

Incomes nearly triple from 1979 through 2007. we have a graph that shows it, and i mean, its absolutely astonishing. those numbers, along with congressional approval, frankly, being in the toilet, does that strengthen the presidents hand? does it help him in 2012? >> i think it does, and i think the white house thinks it does. its interesting, the white house is coming out with a student loan proposal, just a few weeks after occupy wall street starts. the main complaint of a number of those stud...

Its imposed upon the workers. >> why is he picking on all of people, public heroes, firefighters, people who go into burning homes to save lives but he went tax the wealthiest ohioans? >> ohioans who have money, if you lived in ohio youd be with me, the top 1% pay 40% and make 25% of the money in this country. >> thats a great right wing bullet point. i give you credit on that. >> its also the truth. >> its also the graph thats out there. the red line, the income of the top 2% across american ha...