[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.
[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.
We have followed that policy. And we never said that it was a target, which we would i understand that. I appreciate the kauvcaveats. Youre very good at caveats, i appreciate that. That brings me to my second point. A full six and a half years after the recovery, as you acknowledged there is slack in the labor market and there are significant weaknesses in the labor market, in the overall economy. In fact, a recent investors business daily article said the over all group has been 13. 3 . Thats less than half the average growth rate in the previous ten recoveries since waurld world war 2. If it had been average, gdp would by had 1. 9 trillion larger today. You recognized this in your report saying the measure of labor under utilization remains relative. That would explain why youve invoked that caveat and havent raised the rates even though you came below that 6. 5 . I understand the analysis. Lets talk about the cause of that underlying weakness. Its clearly not Monetary Policy from th
[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.
To prosperity. Who is this that i spent time actual time working on the National Security issues. Of all those people running there is not one that has fixed areas in all of those critical three areas. A midsummer person running for president . We do. Part of a video giving the reasons john kasich says he should be president. The live announcement is live on cspan 3 at 11 00 a. M. Eastern. Its almost as if they were a matter enacting it. Freedom breeds inequality. Ill inequality. Ill say it a third time. Almost always in the rate. Very unlikely today. Today i believe there is someone singing dwindling talk about hot topic hot salacious topic number two whereas then i dont think i was the norm in tv at the time and i dont think these guys needed that. As you mention the moderator a distinguished newsstand who is really embarrassed by this year he was moderating but he disappears for sometimes five or more minutes out of time. Today you would have a moderator not jumping in every 30 seco