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Transcripts For CNNW Your Money 20120722



the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn t act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our home-grown storm has a bigger chance of causing a hurricane here than the actual hurricane that s blowing our way from europe. i ve been berating congress on this show to pass legislation now to head off a series of tax increases and spending cuts mandated to take effect on january 1st. because congress couldn t come up with a better deal to raise the nation s debt limit last year. i am not alone in my calls. the federal reserve chairman and the international monetary fund are warning congress to act before it s too late. if you get hit by another recession, you ll join me in pointing my finger directly at the political partisanship that sr. has poisoned your path to economic stability ....

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Transcripts For CNNW CNN Newsroom 20120706



and grants, and then i think about michelle s parents. her dad worked at the water filtration plant, blue collar worker in chicago, and mom stayed at home looking after the kids and then when the kids got older she worked at a secretary at a bank, and she worked there most of her life, and when i think about both michelle s family and my family, what i am reminded of is what made america great was this basic idea, this basic bargain that all of you experienced in your own families, your parents, your grandparents, your great grandparents, maybe some of them emigrated here from some place else, but the idea was here in america you can make it if you try. you know, that it doesn t mat r matter it doesn t matter what you look like, where you come from, what church you worship in. the idea is that if you are willing to put in the work and take responsibility for your family, just like dan was talking about, if you were willing to stick with it and tough it out when times ....

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