Just read the full transcript. You can find about two dozen of the best, most accurate, saddest and/or most entertaining quotes about the state of black America here:
Whoever first referred to this thing as the "Ghettoesburg Address" deserves a Pulitzer Prize. LMAO.
Just a little sample here:
"$500 sneakers? For what? They won't spend $250 on 'Hooked on Phonics.'"
You do realize what’s on the rest of that page, right?
Oh yea, Cosby nailed it.