♪ you are my inspiration ♪ just you and me ♪ i would give anything i own ♪ ♪ give up my life ♪ my heart, my home ♪ i'm not talking 'bout moving in ♪ ♪ and i don't want to change your life ♪ ♪ but there's a warm wind blowing the stars around ♪ ♪ and i'd really love to see you tonight ♪ in 1968, judy collins recorded a classic that introduced us to one of the era's finest songwriters, joni mitchell. ♪ i've looked at life ♪ from both sides now ♪ from up and down ♪ and still somehow ♪ gonna take a lotta love ♪ to change the way things are ♪ i'm going back someday ♪ ♪ come what may

♪ to blue bayou music can inspire us with sound and emotion. songwriters draw influence from many sources. after moving to colorado in the early '70s, john denver wrote this classic tribute to his new home. ♪ rocky mountain high ♪ ♪ [colorado] ♪ rocky mountain high ♪ ♪ [colorado] ♪ she ran calling ♪ wildfire ♪ she ran calling ♪ wildfire ♪ rocket man ♪ burning out his fuse up here alone ♪ ♪ ♪ and i think it's gonna be a long, long time ♪ some artists shared their deeply personal thoughts and feelings in their songs. bread's david gates was always able to connect words and music in a special way.

♪ if a picture paints a thousand words ♪ ♪ then why can't i paint you? ♪ morning has broken ♪ like the first morning ♪ i learned the truth at seventeen ♪ ♪ that love was meant for beauty queens ♪ ♪ the first time ♪ ever i saw your face roberta flack, what a voice. that has to be one of the most timeless songs of the decade. and now, we can go back and enjoy so many classics written by the era's greatest singers and songwriters. artists like james taylor, carole king, john denver, cat stevens... paul simon, elton john, jim croce, and the list goes on. and now they're all together in one amazing collection. this was such a special time in rock music.

and now, thanks to these great artists and songs, we can bring back all those wonderful memories. but don't go looking for the singers and songwriters collection in stores. it's only available through this special offer from time life. and remember, it all comes in this beautiful collector's box. so don't wait, call now! now all the artists who touched a generation with words and song are together in one definitive collection. ♪ ooo, baby, baby ♪ it's a wild world time life proudly presents ... ♪ it's hard to get by the singers and songwriters collection. ♪ i've seen fire ♪ and i've seen rain you'll hear legendary artists... ♪ i've seen sunny days ♪ that i thought ♪ would never end like james taylor and carole king... ♪ and it's too late, baby, now it's too late ♪ elton john, gordon lightfoot, carly simon, jim croce...

♪ operator ♪ could you help me place this call? ♪ you'll hear beautiful songs, each one a timeless classic, by the legendary artists who spoke to us through their music. ♪ rocky mountain high ♪ ♪ [colorado] ♪ rocky mountain high ♪ ♪ longer than ♪ there've been fishes ♪ ♪ in the ocean ♪ ♪ higher than ♪ any bird ever flew ♪ every song in the collection is the original hit recording and every one has been digitally remastered for incredible sound. ♪ and the cat's in the cradle ♪ ♪ and the silver spoon ♪ little boy blue ♪ and the man in the moon ♪ you're so vain ♪ you probably think this song is about you ♪

each cd in the singers and songwriters collection comes with complete liner notes and don't forget to ask about this deluxe collector's box. ♪ and if you can't be with the one you love, honey ♪ ♪ love the one you're with ♪ sunshine go away today ♪ i don't feel much like dancing ♪ you could spend hours of time and hundreds of dollars trying to collect all the hits in singers and songwriters, but call now and get the complete collection on 10 cds for just 6 easy payments of $26.99 each. ♪ well, i keep on thinkin' 'bout you ♪ ♪ sister golden hair surprise ♪ ♪ and i just can't live without you ♪ ♪ ooo, baby i love your way ♪ every day ♪ ♪ wanna tell you i love your way ♪ but wait, that's not all,

order with your credit card and get this free bonus cd of classics! ♪ sundown, you better take care ♪ ♪ if i find you been creeping 'round ♪ 20 more timeless hits! ♪ i'm leaving on a jet plane ♪ ♪ i don't know that's a total of 11 cds, 150 hits for the most complete collection of singer songwriter classics ever. ♪ so bye-bye miss american pie ♪ ♪ drove my chevy to the levee ♪ ♪ but the levee was dry ♪ but wait, there's more! call in the next 2 minutes and get free shipping and handling! that's a savings of nearly $18! ♪ and you can tell everybody ♪ this is your song and remember, if singers and songwriters isn't the best collection you've ever heard, just send it back and we'll refund your full purchase price,

no questions asked. ♪ my love does it good this collection is not sold in stores, so call now with your credit card and get the complete singers and songwriters collection, your free bonus cd of classics and free shipping and handling. we've shared the stage with so many of these great artists and have had a wonderful time reliving this incredible music with you. we know you're gonna love this collection. i'm dewey bunnell. and i'm gerry beckley. enjoy the music. ♪ we used to laugh ♪ we used to cry ♪ ♪ we used to bow our heads ♪ then wonder why the preceding was a paid advertisement for time life's music collection.

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the recovery is close to faltering. we need to make sure the recovery continues it doesn't drop back and the unemployment rate continues to fall downward. >> in 2009, and 2010, americans were optimistic that president obama's stimulus program and cash for clunkers and first- time home buyers tax credit would restore strong economic growth. this year the mood can only be described as sober up. item, shock and awe. over two out of five americans, 43%, say the impact of the recession has been worse for them personally than they ever expected. three out of five, 60%, of generation y, those in their 20s who backed obama overwhelmingly for president in 2008, say that they expected the economy to have been fully

recovered by now. so says met life american dream survey 2011. item, suffocating the dream. almost half of all baby boomers, 47%, and 44% of generation x, age 31 to 46, say the u.s. economy is blocking them from achieving their american dream. 43% of generation y blame the lack of job availability and stagnant wages for stifling their dream. item, digging in for the long haul. 42% of all respond ent e two out of five in the met life survey, think it will take five years before the economy improves. that 42% is up from 33% in 2010, and 23% in 2009. and get this, the number of all polls respondents who say the economy will never improve has

doubled again, from 5% in 2009 to 11% in 2011. question, we are living in a time for of economic sobriety. so where are americans looking for financial security? are they look to be the government? are they looking to families? to themselves? beth? >> they're looking to themselves, because there's nobody out there to help them. there's one generation, though, which is little of the exception and the g, n y people. 60% receive money from family members to pay bills. so they're obviously relying on their families. >> what is that age group? >> the gen y's are in their 20s. so what is happening with the rest of the workers? so quarter of them are basically one paycheck away from not being able to meet their financial obligations. 42% now are two missed paychecks away from not being able to pay their bills and being on the verge every

financial ruin that said, there's been a savings in reece is, so these numbers even though they're very sobering, are actually a little better than they were last year. >> clarence, with your far dotting vision and eyes, do you detect pessimism on the home front? >> what intrigued me and encouraged me about your survey is that -- >> my survey? met life survey. >> yes, met life, is that the younger people responding to the questions sounded a little more optimistic than the older people, which surprised me, especially on a couple of these -- old boomers like me were really grilled. whereas the young people have optimistic outlook. that's reassuring to me. it's not surprising jgeny is more dependent on their parents because they have unfortunately really high unemployment rate now, even college grads had a hard time getting placed. but in recent days even some of occupy wall street

demonstrators have found jobs. so it's important that you -- now but you won't be jobless in the future. that's the key i think to the american attitude, that this is a dip but le recover in the long run. >> i think there's also a sense that what we're living through may be in historic restructuring of work. and i think people understand this is bigger than just an ordinary recession, and the occupy wall street protests have shown a light on the wealth gap, and i think there is this diffuse anger. i guess i wouldn't call it pessimism, i think america is beginning to wake up, and a lot of people identify with some of the goals of the 99% that things that economically things are out of back in this country. >> you sound like you're a member of a occupy wall street, eleanor. you have been out there? >> i've -- i've -- gone around the tents and the kayaks! i haven't spent the night.

>> i am -- >> you think there's a possible wrap? >> no. i think -- >> overthrow the government? >> i think they don't have the right to permanent -- have permanent encampments in public parks, but i think they will be back in various forms. they're not going tol walks of life, including me. >> if occupy wall street represents 99% of americans, i think they were with the cops in new york that through them out of zuccotti park, which they should have one weeks before. >> pat, you're trying -- >> idea -- >> pat is trying to be one -- [everyone talking at once] >> tell them to behave themselves! >> make pat's power -- >> tell them to behave themselves! >> pat is trying to relive the 60s! >> statistics. earlier on, you told us people -- there was a measure of confidence in their personal lives. a high measure, but if you look

at are they confident about the future of their country? 70% of americans believe this country is in serious decline. 80% believe we're on the wrong course. they're happy about maybe positive about their personal lives, not positive about their country. >> we've got beth with us today. let's examine the role 91% not

covered. >> so -- ask what should we run out and buy if we cone have it? >> you know, i'm a little biased. >> life insurance. >> but that chart. so that's basically a snapshot of americans' safety net. and you see auto insurance high, why? bus if you want a car, you have to have car insurance. it's mandated. so let's really look more carefully at the rest of it. do keep in mind unlike you, the average american gets most of their protection benefits from the workplace. okay? so that's why you see health insurance next, and then you see kind of a dropoff. that's more related to

homeownership. so if you have a home, you're pretty much have to have homeowners insurance. and then it starts to sort of deteriorate from there. but at the workplace, it feels like medical is something so today, and so urgent, and -- >> aren't all these figures at record highs? you go back to the 1950s, i don't know if clarence and i had auto insurance when we were driving around! >> bring it back to 1900! stalkarazzi 00 [everyone talking at once] >> what i'm saying is, there's enormous amounts every insurance the industry is doing extremely well, but all of those are almost at record levels. >> i want to bigger frame here, and beth is i think -- almost there, is there any bigger frames to this? i mean, on the neglect of i guess that's the word, of life insurance? >> i would -- the lowest figures are disability and long- term. and the old days, pat, we had

families and we all lived together, and people were nearby, and -- >> another form of insurance. >> and [everyone talking at once] >> i'm asking this of pat. is there any -- >> account reality in a -- >> is there any reason to believe that if you are strapped for money, that the first thing to go is your insurance payments, and that's the end of that? >> no, the average american doesn't have the insurance payments the group here has. so it's not as financially onerous as you might imagine. we don't see people dropping off or dropping our policies. that's not what is going on. what is going on is that increasingly, the urgency and expense of health insurance is kind of dampening -- taking up and crowding out some of the other protections products p like i said, some of these other things seem like they can wait until tomorrow. >> exit question, is a psychology of diminished expectation taking hold in

america? you understand the question? >> i think it's pretty clear, john. and i would say it probably has, as the recession has endured for two and three years, it may not have been there to begin with, but i think there's a real pessimism out there in america about the future of the country and about personal problems and -- if ever this economy will recover. >> i think it's an acknowledgement of reality, and if -- i don't want to call it pessimistic because i think the whole thrust of this survey is the resilience of americans, and i'm not going to write off the country as easily as pat does. >> eleanor? i mean beth? >> let's go back to where pat started, which is the origin of the american dream, about working hard and persevering. somehow in the 50s and 60s, that turned into owning a home. so i think to the extent that things have little bit gotten off that track, is healthier and we're returning more to the origins and why we're here to begin with. >> i think a big reason why

there's dramatic increase in pessimism now is the same reason, increase in the 70s when we had gasoline lines and runaway -- but things were doing so well before that by contrast people are -- have to ratchet up their expectations bubba doesn't moan they don't have hope things will recover in the soon, we hope soon. >> i think the pessimism is because we're pessimistic about the rate of the recovery return, rather than in any personal terms. but the rate -- when is the recovery going to be back? we'll be right back with predictions!

beg, a forced prediction is. >> true or false? homeownership, having children and marriage works its way back into the american dream in the next two years. >> if not, we're toast. >> works its way >> true or false? >> longer than two years.

>> longer than two years. >>

narrator: kids, when your uncle marshall finally quit goliath national bank to do something better with his life, he left on great terms with his boss. good luck, marshall. and promise you'll list me as a reference. narrator: which made marshall's big interview with a respected environmental organization all the more confusing.