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Lehrman Institute Chairman Lew Lehrman on how Obama’s and Romney’s economic plans would each impact the middle class of America.
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Joining me now on Wall Street legend American historian was -- interminable armaments to author of the book the true gold standard -- -- again we've we've got if you will Republican orthodoxy here it sounds as if its work and that is cut taxes and we'll see growth.
I have I have to -- I have a similar reaction to the idea of more spending here we'll get stimulation.
This is such -- over stimulated.
We have such -- deficits we have so much government.
Isn't doesn't this change all the rules -- algorithms for both the left and the right.
It does the tax rate reform tax rate reduction is necessary but it certainly not.
Sufficient we have to open up the economy we have to get out of the hands of litigation and lawyers we have did he regulate.
Large segments of the economy America was the land of abundance because.
Everybody including in the congressman and president said bill that house.
Cut down that -- Big data or well they did not say you cannot do any of those things.
Especially.
Under the rule of BP.
There are if Obama appealing to the middle class despite the fact about one is he will try tonight.
Unemployment over 8% for 43.
I mean it's been -- state how how does even articulate begin to articulate.
A compelling appealing message around the shambles that is the middle class in this country.
He had he is clearly afraid of the truth probably for the very same reason he won't release is.
His record income and he does not want the American people to know that the workforce is shrinking.
Because the opportunities are no longer available and that it is more prop profitable for some small fraction of the American people to be on.
The dole than it is for them to go out and work the incentives to get off the dole and get to work.
Have had made the the work force shrink and smaller.
How does governor -- convince the American people tonight we're using -- 67 million people watching.
Many of them for the first time focusing on these 22 men.
I'm assuming -- that -- how does he make it believable that he can change the destiny of millions of Americans in the direction of the country.
In two minutes snippets and you know the whatever that you know what for a -- a minute.
At a crack.
He doesn't have the two hours that mr.
Lincoln had or they.
You two hours of rebuttal that mr.
Douglas had in her and their great campaigns sort -- -- give an impression -- he -- to give the impression and what he has to lay out is the vision of America that has always been true when we've been effective and prosperous as the vision of abundance.
How would create.
Abundance and how we do that by inspiring entrepreneurs as well has.
Middle income people and working people from all walks of life to aspire to the next wrong on the latter -- -- it it is the American story and he's got the laid out.
As a man who actually achieved it himself and then the contrast with with President Obama it is an unmistakable.
Except that both of them are beneficiaries of very -- -- through -- political or economic system.
One of whom acknowledges that the other or not we'll -- Lou -- has always good to have you with us.
