patrick.net

It's here online if you missed the TV broadcast: http://www.cbsnews.com/video/watch/?id=7120553n
Man, his voice was shaky. He was nervous. Gee. Think this is important or what?

Good video.

The bit that had me scratching my head was at the very end.

http://www.cbsnews.com/stories/2010/12/03/60minutes/main7114229_page4.shtml?tag=contentMain;contentBody

Read the last two questions about the gap between rich and poor.

Is there a gap. Yes. Is it based on educational differences? Not in MHO

He is correct in identifying the employment gap between a High School drop-out and college graduate http://www.bls.gov/news.release/empsit.t04.htm but the divide between rich and poor goes well beyond ones employment status.

The gap has to do with the rate of wealth creation. The wealthiest 10% grow their wealth significantly faster than the other 90%, despite of (or perhaps because of) the financial crisis of the past few years.

EastCoastBubbleBoy says

The wealthiest 10% grow their wealth significantly faster than the other 90%

because interest never sleeps.

http://research.stlouisfed.org/fred2/series/CMDEBT

EastCoastBubbleBoy says

The bit that had me scratching my head was at the very end.
http://www.cbsnews.com/stories/2010/12/03/60minutes/main7114229_page4.shtml?tag=contentMain;contentBody
Read the last two questions about the gap between rich and poor.
Is there a gap. Yes. Is it based on educational differences? Not in MHO
He is correct in identifying the employment gap between a High School drop-out and college graduate http://www.bls.gov/news.release/empsit.t04.htm but the divide between rich and poor goes well beyond ones employment status.
The gap has to do with the rate of wealth creation. The wealthiest 10% grow their wealth significantly faster than the other 90%, despite of (or perhaps because of) the financial crisis of the past few years.

Agreed!