Author Hedrick Smith on America's Lost Middle Class

On today's show, Pulitzer Prize winner and New York Times veteran Hedrick Smith, whose latest book is "Who Stole the American Dream?" said the median household income in America today is $49,000. And that's counting two earners. "A lot of people that consider themselves middle class ... think of middle class being somewhere around $70,000," he said. "No, it's much lower than that."