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they are not going to get it all. >> joining me now, former secretary of labor robert reich author of the book "saving capitalism for the many not the few" and star of the women "inequality for all." let's start today, robert, with this fundamental contradiction in the economy. it's growing. it's one of the most enduring post-war expansions we've ever seen in terms of the amount of months we've had private sector job growth. wages are creeping up, unemployment is down, but we have this problem of money getting into the pockets of essentially working americans. >> that's exactly right, chris. this has been -- in terms of wage this is has been the most enme mick recovery on record, the first recovery since 1946 in which the median household income actually dropped adjusted for inflation. people talk about average wages going up. averages don't mean anything. the basketball player shaquille o'neal and i have an average height of 6'2".
coalition. it is difficult at this point to honestly rate the obama presidency as a failed presidency, though many will try. >> the truth is we're at the end of an era of failed leadership. >> and obviously, he is failing as a chief executive. >> and the truth is with all due respect, he is an utter and complete failure. >> president obama has been a failure, not because he was only in the senate for four years, he's been a failure because his ideas are bad. >> i started to talk about all the failures of the current administration, but i figured that was too depressing. >> joining me now, former secretary of labor, robert reich, whose film "inequality for all," available on netflix, itunes dvd, and on demand. robert, let me first start with this overtime announcement which is in the grand scheme of things relatively smile, but a huge amount of workers, about 5 million who could be affected by it. your reaction to that announcement by the white house? >> it's a big deal chris. the old overtime threshold was
presidency as a failed presidency, though many will try. >> the truth is, we're at the end of an era of failed leadership. >> and obviously, he is failing as a chief executive. >> and the truth is, with all due respect, he is an utter and complete failure. >> president obama has been a failure, not because he was only in the senate for four years, he's been a failure because his ideas are bad. >> i started to talk about all the failures of the current administration, but i figured that was too depressing. >> joining me now, former secretary of labor, robert reich, whose film "inequality for all," available on netflix, itunes, dvd, and on demand. robert, let me first start with this overtime announcement, which is in the grand scheme of things, relatively smile, but a huge amount of workers, about 5 million who could be affected by it. your reaction to that announcement by the white house? >> it's a big deal, chris. the old overtime threshold was about $24,000 over that, if you were earning -- even if you were
it is difficult at this point to honestly rate the obama presidency as a failed presidency, though many will try. >> the truth is, we're at the end of an era of failed leadership. >> and obviously, he is failing as a chief executive. >> and the truth is, with all due respect, he is an utter and complete failure. >> president obama has been a failure, not because he was only in the senate for four years, he's been a failure because his ideas are bad. >> i started to talk about all the failures of the current administration, but i figured that was too depressing. >> joining me now, former secretary of labor, robert reich, whose film "inequality for all," available on netflix, itunes, dvd, and on demand. robert, let me first start with this overtime announcement, which is in the grand scheme of things, relatively smile, but a huge amount of workers, about 5 million who could be affected by it. your reaction to that
says there is a war against america's elite, going so far as to compare it to nazi brutality. >> you see, the cliven bundy victory in nevada isn't a one-off. his is a story of the obama era. bundy whined, and he won, and then he whined after he won. because there is no grievance industry as powerful as the one conservatives have created on the right. joining me now is former secretary of labor in the clinton administration, robert reich. he's professor of public policy at the university of california berkeley. his documentary "inequality for all" is out now. and nick hanauer. venture capitalist, technology entrepreneur and a partner at second avenue partners. bob, i want to start with you. you served in the clinton administration and the bundy moment is so strikingly similar to me than the kind of high water mark, a very scary at times anti-government militia activism we saw in the mid '90s. >> yes, it is similar. and it also is similar in the sense that a lot of that activism does not take account
to compare it to nazi brutality. >> you see, the cliven bundy victory in nevada isn't a one-off. his is a story of the obama era. bundy whined, and he won, and then he whined after he won. because there is no grievance industry as powerful as the one conservatives have created on the right. joining me now is former secretary of labor in the clinton administration, robert reich. he's professor of public policy at the university of california berkeley. his documentary "inequality for all" is out now. and nick hanauer. venture capitalist, technology entrepreneur and a partner at second avenue partners. bob, i want to start with you. you served in the clinton administration and the bundy moment is so strikingly similar to me than the kind of high water mark, a very scary at times anti-government militia activism we saw in the mid '90s. >> yes, it is similar. and it also is similar in the sense that a lot of that activism does not take account