You're watching...
: FBN’s Stuart Varney gives his take on America abandoning its role as an economic and political leader in the world.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
I want to wrap together two important developments and give you a plea for the future.
So here's my take on want a world without America's leadership.
To our sinking standard of living -- three what might happen if we in America could just change course.
For us.
Look across the Middle East can you see a single Muslim society that is prosperous outside the oil producing shaped domes of the gulf you -- -- That's a big part of the world and is descending into chaotic -- Europe's obsession Japan is close China's slowing dramatically it is a tennis world.
On shaky financial Phillips and America deeply in debt has abandoned its leadership role.
Now point to back up hope we have this headline in today's Wall Street Journal.
Household incomes sinks in 1995.
Levels that's the money -- pockets shrinking.
-- spending now our standard of living falling.
The reason the reasons a legion but the facts are clear.
Will not getting better off America is getting worse off a -- not used to it we don't like it.
So number -- he has the opportunity change -- returned to a set of economic values that will look.
Thrift competition.
Individual effort -- responsibility.
Now of course.
You can easily dismissed this list is hopelessly vague and just boiler -- slogans but all the values on mentioned are enshrined in.
Dynamic capitalist private enterprise.
Reject.
Old goblins all the time.
Can you imagine what a newly vigorous and expanding private sector could do for the world and for ourselves you wanna see stimulus.
Liberate the two and a half trillion corporations hold and Tony -- in the private sector.
Perhaps it's a price the pipe dream.
But I am an optimist.
I'm more American than you think.
Think that right Tracy welcome back.
Thank you ended in theory and it would help.
Every single one of us and I agree change course we are not better off.
-- or not we're not leaving anybody anywhere but we getting worse -- of hope change -- I -- by the way those those those Muslim countries you talk about world nanny states.
Where were all the money was sucked up by the government and they re distributed in the form of problems and when the government is to have trouble distributing those prompts us and it all fell apart.
I let's look at -- the -- of the largest Muslim population in the world would just trying to embrace capitalism has a 6% unemployment.
As something that we should be paying attention to doesn't have to be radicalized like this in -- Middle East not to mention Turkey may be Malaysia or Indonesia interest -- Muslim country by the way that money you're talking about second administration the administration will take that money from these corporations are gonna take it it won't have to be refrigerate repatriated to gonna take it.
I wish you --
