I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.

In my view, we need a massive federal jobs program which puts millions of our people back to work. We must end our disastrous trade policies. We need to raise the minimum wage to a living wage. And we have to fight for pay equity for women.

We are moving in exactly the wrong direction in higher education. Forty years ago, tuition in some of the great American public universities and colleges was virtually free. Today, the cost is unaffordable for many working class families. Higher education must be a right for all - not just wealthy families.

The middle class in America is at a tipping point. It will not last another generation if we don't boldly change course now.

NAFTA, supported by the Secretary cost, us 800,000 jobs nationwide, tens of thousands of jobs in the Midwest. Permanent normal trade relations with China cost us millions of jobs. Look, I was on a picket line in early 1990's against NFATA because you didn't need a PhD in economics to understand that American workers should not be forced to compete against people in Mexico making 25 cents an hour.

What does a political revolution look like? It means that 80 percent of the people vote in national elections, not 40 percent. It means that billionaires can't make unlimited campaign contributions and buy and sell politicians. It means that the U.S. government represents the needs of all the people, not just the 1 percent and their lobbyists.

All of you are aware of the tragic history of racism in America, but for a very long time, African-Americans and their white allies came together and they struggled and they stood up for justice and they stood up to lynching and they stood up to segregation and the stood up to a nation where African-Americans couldn't even vote in America.