next time you re in college and talking to these other students that love socialism, next time we have a big test, we re going to average out the scores and everybody gets the same score on the test. see how hard everyone tries next week. we ll just it will slow down the work to where everybody gets an f in the class. there s no point socialism, there s no point in working hard. it doesn t matter. and also when kids talk about socialism, they haven t studied it so they don t understand. you make this point a lot, kennedy. step 1 is a government takeover of the means of production. it is the power grab. when you look at aoc and the others advocating for this type of thing, they re advocating for a takeover by them. the means of production of society dolling out what goods there are. and the government doesn t create wealth. you re not starting with wealth creation.
sudden they re realizing that government doesn t create wealth, it has to come from someone, and they didn t realize it, but they re supposed to be one of the suppliers. liberalism is suddenly expensive again. now people are discovering it costs money. a lot maybe in other ways. i think not just the millenniums but all americans. when you look at polls are returning to the national distrust, the healthy distrust of government, that i think is really our tradition and has served us well. in a lot of ways, it could only get worse. you look at these initial reports that people are not signing up, especially healthy people, especially young people. so what it means is, along with all the problems of the last few months and the canceled policies, you re going to see a big premium spike next year. let s move on to another subject. my big story for the year is the oil and gas revolution in north america. in the last four year, paul, we ve had $150 billion in new foreign direct inves
bill: that was sarcasm. what is his responsibility as president. two things. we bailed out wall street and bailed out big corporation. they never had it better and not doing great. on his watch. hiring people and investing. president obama will make sure we now invest in things, manufacture things and make things because that is how the middle class got built. we need to do that in this country again so the middle class can earn a living to support a family on and buy things and do things and send their kids to school and be able to afford it. that will be the package deal. businesses and corporations want more tax breaks with republicans pushing time and tile again. we know that tide did not lift all boats, that will be paired with rebuilding infrastructure, making things, manufacturing things and putting the middle class and working so they can support themselves. bill: this is fundamental issue you have to both debate here. that is what hume says. before you spread the wealth
democrats worry about the distribution of the golden eggs. democrats seem to think spreading the wealth more equally will create more of it. after four years of weakness it might dawn on them it simply doesn t work that way. fairly uncomplicated, before you can spread the wealth you have to create it. the government does not create wealth it absorbs it. private sector creates. bill: we heard from both. mary catherine, where does it go? obama when he talks this offers indictment of his own policies. nobody on either side wants median household income to be going down. they have different views how you can prevent that from happening. i m not in favor of arbitrarily making these distributions to even things up but the problem is from my perspective when you have a big government that guests bigger and bigger and more complex all the time and layers on regulation as you go forward, obama had his way on many of these issues for five years you get sort of a non-recovery that is not helpin
research found the first two years of the obama administration, mean net worth of households in the top 7%, upper 7% of wealth, rose about 28% while the mean net worth of households in the lower 93% dropped by 4%, which the president has been highlighting in the latest road speeches. also, associated press, gfk has a new survey showing four out of five americans, 80% will live near poverty, will experience at least joblessness, welfare reliance, near poverty in their lives. what about this? the state of the economy, where the president and congress stand? let s bring in the panel. joan a goldberg from national review. julie pace, and syndicated columni columnist, charles krauthammer. what do you think? this is like announcing bears are using national forest for toilets, but this was not a