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FBN’s government experts discuss the Democrats’ effort to appeal to the middle class at the DNC.
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Online and -- why the assumption that they're gonna do and I assume if they get out of the way exports.
Would be likely to increase the only way they can help but it would they're gonna subsidize special industries which will then export they will micromanage the economy.
They're gonna pick winners and losers and and this is what both parties do they both talking about the things that government's gonna do.
Neither of them is talking about government getting out of the way which is what both of them should be talking about.
Both parties say.
We're gonna pick of the Republicans so they're gonna pick winners and they say they're going to create Mitt Romney says specifically he's going to create twelve million jobs government does not create jobs private industry creates jobs.
Okay.
Okay.
Romney is ahead on -- on -- creating 121000100.
-- they're gonna raise the the platform it's just a more free stuff for everybody we're gonna raise the minimum wage index it to inflation.
Obviously the president would like it if the economy would improve especially right now if possible.
But he didn't spell out forests in -- speech what I wanted to hear that I didn't hear.
Was how the next four years.
We're gonna be any different he talked about he's a changed man he's the president but he and talk about what approach he would change he to you mentioned that he's made mistakes.
But didn't elaborate didn't say what -- would change.
But he's very when Tony and which is also -- What -- the things I've found particularly distressing about the speech because of what's in about substance it really was about how the president sees himself.
-- -- liken himself as a Lincoln.
You know he would like like -- on down how many some humbled all the time but you know he's not like Lincoln and we're not facing the civil war.
It would be nice to be reassured that the president isn't becoming totally -- -- -- call.
That he is part of American history we know I mean he had put himself in old presidential biographies on the White House web site.
Likening himself to everybody you know from George Washington to change that is absolutely clear that we're -- -- way I mean you know you take the credit you take the blame I think.
But I I've found in this this speech the remaining moments that were kind of distressing from a kind of psychological.
Perspective.
I think it's a speech that Americans will.
This audience.
What one thing I heard from the Democrats is that in -- the privilege profit at the expense of everyone else.
By this system is rigged against them.
And here's the painful part.
-- We believe.
That we're all in this together is a far better philosophy.
Then your on your home.
A.
And I think that's sell us this -- were in this together you -- We libertarians say mostly you're on your own.
Private charities will help you if you need help.
People say to me that's -- The reality is America we have a culture of being in it together if we choose to be in it together and mostly Americans -- were the most charitable culture literally in the world.
But we don't like -- here we we give more money than anybody -- -- used to be thousands of mutual aid societies before government created all this government charity we just don't want government forcing us telling us how to be in it together essentially taking our money giving it to other people what they don't the politicians like -- the -- force they just say were all in this together.
And that appeals -- people -- -- you know -- also the did and the Republicans did this to it's it's a fundamentally false choice -- side you're either in an altogether and let's all make a decision -- John this is -- your show anymore.
We're gonna decide 'cause we're all in -- together let's get the audience in here.
Or Europe how you're on -- on you gotta write you gotta producing you got a solid now I mean there's this is a fundamentally false choice where I think the Democratic National Convention.
Had a very strong kind of motif going through -- is that idea that the system is rigged.
And broken and that appeals to people because we always we all are angry about some thing.
And I think that that appeals the Republicans do that a differently -- -- -- Elizabeth Warren.
Cheated and used affirmative action to get a handle Barack Obama got into Colombia because -- that the system is rigged against me.
You know vice Versa and and that is actually a really powerful dimension in American politics and it's interesting to see both of both parties using that.
Against one another even though it's this.
There are born grow big government should step in and fix it rather than say -- where we voluntarily came to the studio to make the steamy broccoli and the reason that stuff sells is because regardless of where you follow on the political spectrum.
People do get the feeling that the little guy is getting cheated he's getting trounced on he doesn't have opportunities in America today that he had in in previous decades.
That feeling -- of course but the solution.
Is to empower the big government and the big businesses to practice cronyism together that's the opposite of the solution that's making the problem worse.
This it to take -- back to the minimum wage you know it's if you wanted to room poor people.
The best thing you can do is raise the minimum wage because all it does is slightly offers them a job that's right -- -- -- people out of the market -- -- -- getting close to middle class people more middle class people get minimum wage shops and upper class people.
-- low wage people it's a you know it's it's horrible.
But it sells it sounds like helping the poor and another thing that sells because they used an eighteen times and got big applause.
Osama bin Laden's dead GM is alive.
People.
The audience Snickers about I don't know I think America thinks.
The American auto industry was saved jobs for saying we have cars we wouldn't have cars otherwise.
-- we wouldn't have American cars.
-- you know -- I Kravis thinking as you were saying that our civilian of the should be -- you know is dead.
You know Oldsmobile is dead Saturn instead hope parts of General Motors are dead and the rest of the carcass will be in bankruptcy again I mean this is.
It shows I think -- -- -- you know -- Obama is a blow pretty good writer rationing is a good speech giver.
But what -- idiotic statement when you think about it for Wallace -- bin Laden is dead you know hallelujah.
I hope he's you know to having a nice converse at shorts and a threat he's an area that's -- you know that's -- alive we'll GM that's why for now it has cost.
Billions of dollars to taxpayers and we're still on the hook the stock market as the stock continues to decline.
There is no now -- -- -- about thirty billion and we don't know where the money my musical that term.
You wanted to -- the reality is it was crony capitalism at its worst it was just run by the government so you've got a situation where.
Thousands of dealers were shut down based on political decisions.
Essentially Barack Obama did what he says being shouldn't do they reorganize the company they laid people off.
You know that's what you do in a restructuring and -- -- as they did they yeah they and they ignored though the difference is being doesn't legally.
The administration ignored the rule of law violated bankruptcy lost through the bond holders and.
The same time right climate it acknowledging his speech that there are some things that government can't do my -- this is progress but.
He never said anything about what government should or shouldn't do.
He just said -- something's government can't do so the pregnant rest of the speech is within the government's gonna all do all these -- all if you look at his record as policy stance it's clear that's not really what he believes that's not really his philosophy.
