i wish the protesters knew basic economics and so does economist josh barrows. let me take them one at a time. the minimum wage should be higher. now, $7.20. should be 20 bucks. you will not get employers to mire people for more money that are then he producing. theyville to. it is the law. the stuff won t get done. move it around on the mark, $7 to $8 doesn t look like it matters that much. get up around 20 and you will drive unemployment up through the roof. college should be free. i think this is really funny because you see the protesters. they are upset they spent all this money on education that is not useful for them and they are not finding the jobs they thought they could get. if you make education free people will be less discretionary about what they get degrees in and the education sector will be more wasteful. we need people to think harder about what degrees they get.
really not clear to the protesters. so, what is good about wall street? well, my fox business colleague charles payne says he knows and he says wall street is great. so what would you have said to the protesters? i spoke to the protesters. it is amazing to me how how many of their parents probably go to work? a factory that was built on money raised and wall street. how many of their grand parents are alive right now because they got a medical device that was created after the company went to wall street and raised money. they don t connect the dots. people don t get that all this money shuffling which is really mostly gambling ends up in money being directed to with luck its best use and the most successful people get rich because those companies grow and those are the successful medical devices? it could be a medical device. ipad, thee the eye pad, the iphone. the fact of the matter is apple is sitting on $80 billion and
thing to complain about. they are asking for some of the wrong things. let s play another clip from the protests. a couple points somebody wanted to make. we should have bases on the moon by mow and mars by now. i thought we were going to space. we don t we have a solar panel pipe across the united states. i don t want to see the 1% making all the money. i will let you react to that. well, i think this reflects what is going on down on wall street. really diverse group. a lot of these people are kind of crazy. not all quite so crazy as that. they understand that they are upset. they don t really know what they want and i think it is a problem for them it is a movement and reflects in part a level of economic i will literacy that they don t know what can be done to fix the problems. they are right that 1% of the people do have a lot of the money. that is true but they accumulate the money by creating wealth and growth in
or they are childish. this woman is against money. if money didn t exist, things would be so much better. wouldn t you think like everybody would act differently if there was no money whatsoever. the corporations give you minimum wage and no pension and no retirement. no vacation. no sick pay they are very upset about corporate power but what power could corporations really have? they can t force any one to give them money. they have to persuade us by offering us things this we want. some of these people are just clueless. have a solar panel pipe across the united states. the protests it continue. now, it s raining on them. tonight, i say don t occupy wall street,. let s liberate wall street from government. that s our show, tonight.
$50 savings card. call now! these corporate [ bleep ] blamed for it, yeah. when was the last time those rich people did hard day s work? how do they make money? tale is from the working people. the blank corporate blank steal from the working people. apair arapparently big banks ad financial industry. david callahan says they are right to be angry. he is cofounder of the progressive think tank. but david root of reason magazine is a libertarian and on this he agrees with the progressives for a change. says the protesters are right to be angry about wall street. why? well, let me just say this.