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I am the first to jump on the bandwagon for "outsourcing Lou Dobbs." I really can't stand the man. He does too little research on the topics he discusses, he cherry picks the data, and nearly never looks for legitimate opposition to his point. He argues that he is still part of the middle class, which is just ridiculous.
That being said, this clip is the most level-headed, thoughtful report that I have seen come from him. I think he was getting ready to use a saying that most people in his generation use in a completely innocent way and then realized how it might sound in the context of the topic he was discussing.