That and its evolving in innovative and all that yet ok david a month ago you want a job and i had some facts about the u. S. Economy the middle class is disappearing. Were is disappearing upward we have 3 times as many households with 100000. 00 or more in Family Income and this is adjusted for inflation than we had 50 years ago thats you credible improvement so lets not forget that things are Getting Better ok well i think will be there isnt the Income Distribution issue thomas let me go to you there i think this also is giving people cause to quote unquote support socialism because while there are people moving up there are a lot of people moving down as well thats the heartland thats who voted for trump go ahead thomas in baltimore. Well thats true but have theres a lot of game playing with these Income Distribution statistics because theres an economist named jim cox who wrote a great book called mr rich and poor that tracked individual families over several decades and so and saw
Let me go to you 1st in baltimore i dont i dont really think on this program we need to speak about the failings of socialism i think were all on the same page on that here my point in this program is here no i dont want to waste time on that because i its obvious ok historically it obvious on its face here but thomas what is the attraction then why do we have so many millennial zz and so many people attracted to this idea that so many of them have no historical knowledge of whatsoever go ahead thomas in baltimore. It was mostly because people like David Henderson and myself have been snuffed out of the academic world there are still 100 classical liberals in american academe but were outnumbered by hundreds of thousands of others and the young people are taught what economists call the nirvana fallacy they pose socialism as some sort of utopian ideal and compare that to the real world and of course the real world always comes up short when you compare it to utopia and thats basically
Lawn. Im Melissa Francis in new york. This is after the bell. Hey, connell. Connell im connell mcshane, reporting live at this hour the state of pennsylvania. Start of after the bell series on swing state economies. We have three states in three days. Heading to michigan tomorrow, wisconsin on wednesday. These states helped put President Trump in the white house. Their economies may very well decide if he stays there, when America Votes this week, next year. Our host is from a company in chesser county. They specialize in automation. You will hear about later on in the hour. We begin with the records melissa talking about in the markets. Jackie deangelis on the floor of the new york stock exchange. Jackie. Reporter connell, records across the board. Market locked in gains with the dow up 115 point like at the settle. Three things traders are talking about. Positive earnings adding to the momentum. Optimism on trade, certainly a factor out there. Also some residual excitement about the
Work. On the agenda today several measures on humanitarian aid and human rights. Off the floor, House Democrats will meet this afternoon to discuss the impeachment inquiry of president trump. The house is live here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father conroy. Haplain conroy let us pray. Loving god, we give you thanks for giving us another day. As members of the peoples house return to washington, we ask your blessing upon them that they might be all the more focused in their work as modeled by so Many Americans in their efforts these past days, prepared to Work Together to address our nations most pressing needs. As a community of colleagues, we ask your blessing on representative clyburn and his family who mourn the loss of his beloved wife, emily. May all those who mourn the loss of their loved ones be comforted by your spirit and lifted up by the support of their colleagues and friends. May all that is done
A typo and travels across the entire Korean Peninsula from south to north, according to the korean metre, electrical administration. The, this is all just say that these are the top stories. 5 us citizens have be moved from an a rainy and present to house arrest. Include, it runs longer, so having american prisoners shall make no mistake. Its an initial part of a deal involving the eventual release of billions of dollars of a rainy in funds frozen in soft coming. Yeah. Like kind of has more from washington dc. Now the swapped involves a number of a radians being held in prison in america, and as well. And this is a complicating factor some 8000000. 00 in a radian funds that were confiscated and were being held in south korea. Now, part of this delay is going to be figuring out the logistics of getting those funds back to iran. Iran making clear that this deal will not go ahead until the money is back and its covers that west african block echo was as activated to stand by military forc