America's Wealth Divide

  • Aired:  11/19/13
  •  | Views: 46,309

As the gap between the rich and poor increases, some experts warn that income inequality could hurt America's economy. (1:41)

(LAUGHTER)FOLKS, YOU KNOW WHAT IS DOES NOT

NEED ANY HELP THROUGHOUT?

THE STOCK MARKET.

>> THE DOW IS UP 22%.

THE NASDAQ UP 31%.

THE S&P 500 UP 26%.

THE INDEX HAS GAINED MORE THAN 3POINTS THIS YEAR ALONE.

THE S&P 500 MOVED ABOVE1800 FOR THE FIRST TIME.

>> STOCK PRICES HIT NEWMILESTONES TODAY.

THE DOW TRADED ABOVE16,000 FOR THE FIRST TIME EVER.

>> Stephen: YES, THE DOW SET ANEW RECORD MEANING IT GOT TO

ENTER ITS INITIALS ON THEHIGH-SCORE SCREEN.

(LAUGHTER)FOLKS, THAT RECORD HIGH IS GOOD

FOR EVERYBODY, ESPECIALLYWETIEST 5% OF AMERICANS WHO OWN

82% OF ALL STOCKS!

THE OTHER 95% HAVE THEIR MONEYINVESTED MOSTLY IN BEANIE BABIES

AND DONATED CANNED GOODS.

(LAUGHTER)(CHEERS AND APPLAUSE)

LOT OF WAL-MART FANS HERETONIGHT.

BUT NOW SOCIALIST COMMISSARSOVER AT THE "WALL STREET

JOURNAL" ARE SAYING THE GULFBETWEEN THE HAVES AND THE

HAVE-NOTS MAY HURT THE ECONOMY.

WELL, THAT'S EXAGGERATING.

A GULF?

MY GATED COMMUNITY ONLY HAS AMOAT.

(LAUGHTER)NO SURPRISE THE REST OF THE RED

BRIGADE IS JOINING IN.

LIKE THAT MANAGER OF THE WORLD'SLARGEST BOND FUND WILLIAM GROSS.

>> ORDINARY FOLKS, THE 99%,DON'T HAVE ANY MONEY ANYMORE!

THE RICH 1% AND CORPORATIONS DO.

DEVELOPED ECONOMIES WORK BESTWHEN INEQUALITY AND INCOMES ARE

AT A MINIMUM.

>> Stephen: THAT IS A SOBERINGTHOUGHT.

METAPHORICALLY, OF C