this is by kevin phillips, and by the became, i'm a democrat. he is a republican.ght in his book to every living human being who can read. chapter eight is about soaring debt and the financialization of the united states. chapter eight -- and in this book there is a magnificent chart that shows the heart of our struggle as a country compared to post-world war ii when most of your jobs were in manufacturing. those have plumb netted and corporate profit inside those sectors have plummeted. sectors. six banks control two-thirds of the banging in this country. that's too much power in the hands of too few. and 'this book talks about saving capitalism, and workers are being asked to compete in an unlevel playing field and how our free market capitalism has to compete against state capitalism, like chinese, for example, and we haven't recognized this in our policies. i think both are just brilliant, brilliant works. now we have books coming out about what went wrong on wall street. if you go back to kevin phillips, you can understand what went wrong in terms of who has p

kevin phillips. by the way, i am a democrat and he is a republican. but chapter eight in his book, every living human being you can read. chapter eight is about soaring debt and the financial edition of the united states. separate. and in this book is a magnificent chart that shows the heart of our struggle as a country compared to post-world war two when most of our jobs were in manufacturing. those have just plummeted. corporate profits in those countries have plummeted. overall financial sector, six banks now control two-thirds of the banking system of this country. too much power in the hands of too few, and we see what has happened after we saw that. he talked about beating capitalism and how america's workers were being asked to compete in and of leveled global playing field. he discusses how our free-market capitalism has to compete against state capitalism in places like china. we have recognized this in our policies. i think just brilliant, brilliant work. not only all these books coming out about wall street, well, go back to kill -- kevin p

the emerging republican majority was written by kevin phillips. after graduating harvard law school in 1964, phillips came to washington to work on capitol hill for a republican congressman. he went to work for the nixon campaign in 1968 and he dedicated this book to richard nixon and attorney general john mitchell, then nixon's campaign manager. phillips talked about his passion for voting patterns, for, and i'm quoting from the book, american history, geography, politics, economics, and sociology that converge at the ballot box. michael and ruy share their same passion. phillips believed in the cyclical theory of american politics. arguing that there were clear cycles of ideology, population movement, and reasonalism. 1968 he argued was a turning point for realignment just as 1828, 1960, 189 , and 19342 before had been. he did not believe the republicans had created a new majority in 1968, simply that the ingredients for one were there. phillips emerging republican majority in the 1970's was centered in the south, the west, and in middle america

the emerging republican majority was written by kevin phillips. after graduating harvard law school, phillips came to washington to work on capitol hill for a republican congressman. we went to -- he went to work for the nixon candidate in 1968 and dedicated this book to nixon and john mitchell. who was then nixon's campaign manager. i'm quoting from the book, american history, politics, and soleology that converge at the ballot box. phillips believed in the cyclical theory of american politics, arguing that there were clear cycles of ideology, populism and region little. in 1828, 1860, 1836 and 1932 before it had been. he did not believe the republicans had create add new majority? 1968, simply that the ingredients were there. phillips' emerging republican majority was centered in the south, the west and middle american urban and suburban districts. he believed we were seeing the beginning of a new rennera. it emerged full blown in 1982. in their 2002 book, ruy teixeira and his co-author argued that we are at a similar turning point but one that

kevin phillips reference to that in his book in 1968. but the mid-1990's, they're looking at their watches and saying that it is time for a realignment. we are due for one because it is generational. what made you does is look at the various indicators of realignment and finds that is less their then we have seen. but he does concede in that book that the very nature of the events and various a issues that cut to the heart of people's concerns of life can make a major difference in voting behavior. the elections of 1860, for example, 1932, also, these are examples where those things come into play and you do see a different party alignment. you also see party instability in the 1850's which we have not seen otherwise in our history. in 1932, it was an economic collapse > we have ever seen before. >> do you think attitude for the democrats can be changed? >> i certainly think that, over time, that is quite possible. i would argue probably. these trends are big, long standing and will continue for quite a long time. it is just the mathemat