according to one news source this morning it s 6.8% for students. here s the thing, there s a congressman from gretchen s home state of minnesota, john klein, a republican, he says that while students pay back 6.8%, it only costs the federal government about less than 1% so he calls this a gigantic slush fund that the federal government can then spend any way they want. very interesting. so is that student loan stimulus just more of the class warfare argument that some say that the president is doing? congressman paul ryan says he s disappointed in the president that he had hoped for. i don t enjoy doing this because he gave us a message of hope three years ago of uniting and not dividing and what we re getting are class warfare. we re getting very polarizing rhetoric that puts class against class, pits people against one another and i would simply say sowing social unrest does not make america stronger but makes
trying to show we are all climbing this hill together. providing small loans to small business that prove they will hire. i think it is about americans helping americans to bring back the self-esteem of those individuals that are being left behind. reporter: starbucks is putting $5 million of its money into this effort. starting tuesday in 7,000 stores they will sell wristbands for $5 apiece. proceeds going towards building jobs. schultz says, building self-esteem. john berman, abc news, new york. so many people criticize the wall street protests. where is this agenda? what do you want to do? not specific enough. numbers you saw in the story, that is kind of what they are railing against. maybe a nebulous kind of agenda. the numbers kind of tell the story where we are as a country. they are very depressing. to think that those gains are so hard to make. and they have been getting harder and harder. president obama said he wants to increase taxes on the wealthy. but every time h
the class warfare argument is paying off. and they believe the president can ride it to re-election, and part of that is go after the rich people, especially, look what is happening on wall street. the occupy wall street movement, in baltimore last night it is on the streets in baltimore and pittsburgh, and los angeles, and it is gaining steam. people are saying, you know what? the banks, the corporations, wall street, with their bonuses, the very people who got bailed out are doing well, but what about the middle class? what about those who are struggling for jobs? shepard: and the poll shows the president has a real edge over the republicans in the belief at least that he is helping out the middle class, 52 percent to 32 percent and here is quite a number: republicans, 70 percent to 17 percent, 70 percent think the republicans are more about the wealths and the corporations. you would think that would be a narrative the republicans would
are beyond expecting a candidate to dutifully check every box. if you think that mitt romney would govern more conservatively than chris christie, i doubt that. people at republican edge of politics, they really like herman cain. you were on target when you said, people li us, we don t understand how is herman cain up in the ranks with these people? but they like him and they think that the 9-9-9 plan is coherent. they think he s a warm personality. they like his surviving cancer story. they see him as a populist edge. at the moment, we haven t talked about the democrats. but remember, president obama and the democrats are having great success right now with their class warfare argument. the fox poll that came out this week, 56% of americans don t see it as dividing american people. they see it as a legitimat argument that the rich should pay more taxes.
everything down. well, you know, businesses, i talk to small business people all the time and people that run not the guy that mows your lawn, necessarily but people that run small businesses that employ 50 to 1,000 people. what they tell you is this, they don t plan for tomorrow so temporary tax cuts as the president said doesn t matter. they plan for three years. that s the way they budget and think of hiring. let me tell you something, if you re telling me you re going to raise their taxs in a year, well, they re planning for that now. that s why they re not hiring. when people at home making 30, 40, $50,000 a year, they see that each job is $1.4 or $1.6 million, it s like how come i don t get a piece of that pie? listen, my dad was a bartender. when he wasn t working, he was a construction worker. he would say we need rich people out there spending money and there s a class warfare argument. people are mad right now. remember, if you don t have rich people, they don t build s