capitalism has made the u.s.a. the most powerful nation on earth. it s the primary reason that millions of people all over the world are desperate to come here. but apparently some who support president obama don t much like capitalism. when mitt romney was talking about harvesting and maximizing profits, what he was really talking about is a technique of squeezing payrolls. i mean payrolls are about 70% of the cost structure of most companies. and the easiest way of harvesting products that is profits over the relatively short-term is to squeeze payrolls to get rid of people, to cut benefits to even cut wages. bill: that man dr. robert reich is a socialist. always has been. i have known him for years. he doesn t like some american companies maximize products by limiting compensation to workers and controlling their hiring. you don t have to work for them. reich wants guaranteed wages,
Detailed text transcripts for TV channel - FOXNEWS - 20120929:08:00:00
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moving forward. it looked like up to this point, there had been somewhat balanced coverage of romney vs. obama. i say somewhat compared to 2008. moving forward, does this suggest that we might see a replay of 2008 and how the campaigns are covered? yeah, i think so. i think one thing to remember as i document in my book, the most important fact to know about media bias is you poll mainstream journalists, take a typical newsroom and ask who they vote for in the last election, the answer is 93% for the democrats. not only is that liberal, that s actually more liberal than berkeley, california, a congressional district that contains berkeley, california, only voted 90/10 for obama, so you have to remember that any mainstream newsroom is just basically going to be filled almost exclusively with liberals. tony perkins and gary bower have both weighed in on the media bias thus far already as well. the author of left turn thanks for being with us this morning. thank you, dave.