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Detailed text transcripts for TV channel - MSNBC - 20111027:10:20:00

being left behind. you know, we talk about we re facing right now a perfect storm. yeah. and and right now at the time that our manufacturing base has collapsed over the past 30 years. at the time that the middle class incomes have been going down over the past 30 years because so many jobs have gone overseas or have been taken away by increased productivity, the same time that s happening, everybody s moving toward retirement. so we ve got massive debt on one side with a withering middle class on the other side. and that s what is squeezing us now. and what will destroy us. and i do mean economically destroy us over the next 30 years if washington doesn t wake up and face up to these challenges. i would agree. we re on the same page. coming up, walter isaacson will be here to talk about his

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