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Bill Moyers in Conversation

Surviving the New American Economy

Bill Moyers in Conversation

Public Square Media, Inc.

Politics, Democracy, Affairs, Bill, 2016, Journal, News & Politics, Pbs, Public, Moyers, Election

4.8599 Ratings

🗓️ 5 July 2013

⏱️ 52 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

I'm Go Mortgage. It's good to have your ear, this week on Mortgaging Company.

0:07.0

Two decades in the making, the intimate and revealing story of two American families to be profiled next week on front line.

0:15.0

As America went from recession to recovery to economic boom, both families have struggled to find their

0:21.7

place in the new economy. I'm joined by journalist Barbara Minor and Barbara Garson.

0:27.2

This deindustrialization, the growing disparity, just didn't happen as some sort of natural

0:33.3

event like the rain falling from the sky, but it really is the result of policy decisions.

0:38.3

We have to raise wages.

0:40.3

Now, to say it is not to do it because 40 years of concentrated effort have gone on to lowering wages.

0:49.3

Not only have we abandoned Americans as workers, we are now abandoning them as consumers.

0:55.0

Thanks for joining us.

0:57.0

Twenty-two years ago, we began to document the story of two working families in Milwaukee,

1:05.0

Wisconsin, families whose breadwinners had lost good-paying factory jobs. Little did we know when we began in 1991

1:13.6

that this would become the defining story of our times. There was hardly anything more

1:19.6

American in the belief that if you work hard, you will be able to make a living and build

1:24.6

a better life for yourself and your children.

1:27.5

But these two families, the Stanleys and the Newman's, like millions of others who thought

1:32.4

they were pursuing the American dream, discovered that something had gone terribly wrong.

1:38.8

Even as they found other jobs, went through retraining, worked any time and overtime, they

1:44.1

were on a downward slope, working

1:46.0

harder and longer than ever for less pay and fewer benefits.

1:51.0

Yet they fought courageously to hold on to their homes, school their kids, and keep them

1:56.0

sliding into poverty.

...

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