BILL MOYERS JOURNAL | Preview: Simon Johnson & Rep. Marcy Kaptur | PBS

Wage growth, benefits, length of the work week, proportion of GDP owned by the working and middle classes--all kept moving in worker-friendly directions as long as unionization was on the increase. Then came 1980, and the election of Ronald Reagan, who broke the air traffic controller's union (PATCO), and set the trend for a downward spiral ever after.The joke is not just on the blue-collar work force; the fortunes of the white-collar crowd have pretty much followed the same trajectory.

Great Great video and comments about Chase and Jamie Dimon. Keep up the good Work Marcy.

@maskedphrogg - I agree, I think they might want to fail. I just got a promotional piece of junkmail from Chase offering me $150 to open a checking account in their bank. I only have to keep $100 min balance and pay a monthly fee for at least 6 mos. So, if the monthly fee is $10, at the end of six months I've paid $60, but can withdraw my original $100 and $150 more. So they've PAID ME $90 to have the account at all! Doesn't seem like good financial sense. Something doesn't smell right.

You little people are always griping about something. "I lost my job or I lost my house or I don;t have enough food to feed my family"

Stop whining! Do you know how much money it takes to take care of 3 or 4 homes or buy Rolls -Royces or private jets?

And I won't even tell you about the high cost of French champagne!

They have poor thinking that keeps them poor and they behave akin to sheep and the majority know their place when they say, 'but, i am only a worker' or a 'retiree' - so what, who cares. Then the other poor eat cake become fat and this fat replaces their brain cells, so all they can do is watch sport, or soapies and think that Europe is a country in the Pacific.

Easy fix with two tools;
Pitchforks and sharpened hoe handles.
Quit your fricking whining and prepare for war, you welfare loving 'mericans. Been coming a long time

There is another part of this broadcast that is a must watch.

Marcy mentions the lending practices of the banks. The banks with rules set forth in modern money mechanics can lend 10 times the amount they have in reserves. She claims some banks have lent 100 times their reserves.

So the money banks lend us is created out of nothing.

It is one of the biggest scams ever created. They create it out of thin air and we pay them loads of money in interest on what we barrow.

WHY?

I hope the White House intercedes on them .
I don't care what all the McCarthiests and Tea-baggers say. This sham way of doing business in the U.S.has got 2 stop.

Obama is just another shill. I mean you can't see that already? Liar was talking peace during the election, and now its more troops, more troops, more troops. He talks about reforming the banking system by giving unlimited power to the very same scum behind everything. Good luck with that guy, wolf in sheep's clothing, AntiChrist whose "Yes We Can" chant is a perfect "Thank you Satan" played backwards. Gets a Nobel Peace prize for what? Increasing war in Afghanistan? Something's real fishy here.