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Detailed text transcripts for TV channel - MSNBC - 20120502:08:37:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120502:08:37:00

The average rich one, like this. this chart was included in a report by congress. we've added red circles to make it easier to see on tv. the distance between rich and poor in this country goes way up around the wall street crash of 1929 and the distance between rich and poor goes up around the end of the bush administration. correlated with depression. huge growth in the gap between rich and poor. income and equality. why is this so? why do you have spikes? we're going to ask paul krugman that in a moment. first, one more idea to put on the table. it turns out that as income inequality has go...

Detailed text transcripts for TV channel - MSNBC - 20120502:01:37:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120502:01:37:00

It's defined by things falling down. you can also find something that goes up around the time of great economic calamity. this one thing starts going up. that one thing is the distance that you have to stretch between the average poor american and the average rich one, like this. this chart was included in a report by congress. we've added red circles to make it easier to see on tv. the distance between rich and poor in this country goes way up around the wall street crash of 1929 and the distance between rich and poor goes up around the end of the bush administration. correlated with depressi...

Detailed text transcripts for TV channel - MSNBC - 20120502:04:37:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120502:04:37:00

That one thing is the distance that you have to stretch between the average poor american and the average rich one, like this. this chart was included in a report by congress. we've added red circles to make it easier to see on tv. the distance between rich and poor in this country goes way up around the wall street crash of 1929 and the distance between rich and poor goes up around the end of the bush administration. correlated with depression. huge growth in the gap between rich and poor. income and equality. why is this so? why do you have spikes? we're going to ask paul krugman that in a m...

Detailed text transcripts for TV channel - MSNBC - 20120502:08:39:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120502:08:39:00

Called "end this depression." >> glad to be on. >> why is income inequality a big gap correlated with economic catastrophe? >> when the economy is bad, the people with the least power who can't protect themselves. the most vulnerable get hurt. that's why the gab widens. the other thing is a polarized political system, a system in which one party has been pulled way off to the right is not able to cope with the difficulties of the economy. we know how to fix. a lot of people have managed to fix. admitting the government is fix a depression is admitting the government can do good things. you mig...

Detailed text transcripts for TV channel - MSNBC - 20120502:04:39:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120502:04:39:00

Not fix the economy and congress can't fix the economy is because they think that fixing the economy would not help the richest people in the country and that's who's interests they feel they must serve. boing. joining us now for the interview is mr. paul krugman. he's a columnist for the new york times and his book is called "end this depression." >> glad to be on. >> why is income inequality a big gap correlated with economic catastrophe? >> when the economy is bad, the people with the least power who can't protect themselves. the most vulnerable get hurt. that's why the gab widens. the othe...