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Detailed text transcripts for TV channel - MSNBC - 20130728:12:10:00

I ve been in washington long enough to know that if once a week i m not talking about jobs, the economy and the middle class, all manner of distraction fills the void. i think that s right. i think one reason to pivot away from the deficit is we ve had a huge change in the fiscal picture. he president talked about this, deficit has been cut in half since the bottom of the recession. even if the white house was correct to focus on deficit reduction, they ve gotten done. the sequester, even though nobody likes it, did a fair bit to reduce the deficit. now the ratio of the size of the debt to economy is going to stabilize even if there s no policy change. i think the president s been struggling to communicate that. i think the public perception is that the government s finances are in a dire position so there s no room to do stimulus measures. and i think he needs to convince people about the way the government budget actually looks. you also see this on the broader economy. the preside ....

Mass Affluent Working Class , Deficit Reduction , White House , President Obama , Policy Change , Stimulus Measures , Government Budget ,

Detailed text transcripts for TV channel - MSNBC - 20130728:13:17:00

Was made after the war. in new york magazine who wrote, everything that happened in the united states mid-century happened around detroit. the mobilization of industry during world war ii, the creation of the world s mass affluent working class, a place where families lacking high school diplomas routinely had nice things. the to fully take in this story we need to go back to world war i, the height of the great migration, when african-americans left the jim crow south in droves searching for fairness and opportunity. detroy was a popular destination. the auto industry was sprouting. demand for new workers was high. in 1910 detroit s black population was just over 5,000. by 1930. soared to 130,000. the largest leap of any industrial city. in world war ii meant more jobs for detroit. by 1960 nearly one in three residents of the city were ....

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Detailed text transcripts for TV channel - MSNBC - 20130728:12:08:00

Argue that leveling the playing field and winner take all economy, it s interesting that message doesn t seem to have created the political moment for democrats that you would think it would. there s polling that came out during the election that showed more people than ever see a widening gap between rich and poor. more people than ever see a class conflict between rich and poor. but somehow that doesn t translate into political momentum. i think it has to do with the fact that americans refuse to stop identifying themselves as middle class. americans, same percentage of americans identified as middle class today as they did 20 years ago. i think they have trouble latching onto this message we need to grow the middle class. even though what s happening is that middle class is staying stagnant as rich become richer and richer. jamel, what do you make of that politically when you see what the president said in his speech this week, a start of a series of speeches and you hear what he ....

Message Doesn T , Playing Field , Mass Affluent Working Class , Working Americans , Class Conflict , Doesnt Translate Into Political Momentum , Trouble Latching , President Obama ,

Detailed text transcripts for TV channel - MSNBC - 20130728:12:38:00

1994 midterm landslide. supposedly democrats were going to step back from this sort of thing and obama showed, there s an appetite for it right now. it s the messaging the messaging of class warfare does not work. americans insist on seeing them as middle class. the message of income and inequality can work. if you poll americans, they will describe an ideal society which income is distributed more equally than it is in reality anywhere in the world. i think one of the reasons a lot of people still vote for democrats is they have this vague memory of when the democratic party was an economic populist party. and i think that sticks with people. very quick question before we get out of this. we keep going, but about i want to make sure we get in we said the most important decision obama could make on economic policy the rest of his term was appointment of the fed chair with ben bernanke stepping down. larry summers was the name in the news. i mentioned tom harkin and a number o ....

President Obama , Mass Affluent Working Class , Working Americans , Class Warfare , Ideal Society , Populist Party , Us Senate , Larry Summers , Tom Harkin , Ben Bernanke ,

Detailed text transcripts for TV channel - MSNBC - 20130728:12:17:00

Know, whether but those things might be back on the table for something like that. is that maybe the way to read this? i think that s an accurate read. i think your description of that speaks to what we were talking about before, which is this impossible message he s sending, trying to say two things at once about deficit reduction or even sort of fighting for the middle class and republican obstruction and yet we want to work with republicans at the same time. i think that exists because he s speaking to two different audiences. which is to say, republican on the hill, sending a message to them, and talk to the american people, and both of those groups want two different messages. americans themselves are of mixed feelings about how you move forward on the economy. they like to hear, we re going to get rid of entitlements or pare them down because americans don t like the idea of getting something for nothing on being on government welfare but those are the same programs keeping a ....

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