Page 3 - Doesnt Create Wealth News Today

Be washington, d.c. had all this money pouring. in in washington, d.c. really what matters in a lot of cases is connections, relationships, and if you are not in that closed circle, you are not going to get access to the funds. >> sean: you would think that these people that have a monopoly on compassion, steve would just look around them in some of these neighborhoods. i have been to many of them and they are struggling and people are starving and their kids need food stamps to feed themselves....

Restaurant tourists open in this area because business is steady year around. >> washington, d.c. is a town that is unlike the other boom towns of americas past. in that the luxurious living thats afforded here doesnt come from its own creation of wealth. but it comes from extracting wealth from the rest of us. when other towns created automobiles or beef cattle for american consumption, it made them a boone -- boom town. the luxurious lifestyle washington has today which is comparable to beverl...

With no wealth and making it off of government sports car and paying cash for it guy sitting there advertising dont have to advertise and guy like in here like in miami and los angeles and they can pay cash. luxurious lifestyle of the rich and powerful has metastasized. fine restaurants which you cant get into. i have never gone one washington correspondents dinner, steve. i will tell you what, the reason you dont go down there, because you dont like that whole system and how it is set up. >> se...

Restaurant tours to vegas restaurant tourists open in this area because business is steady year around. >> washington, d.c. is a town that is unlike the other boom towns of americas past. in that the luxurious living thats afforded here doesnt come from its own creation of wealth. but it comes from extracting wealth from the rest of us. when other towns created automobiles or beef cattle for american consumption, it made them a boone -- boom town. the luxurious lifestyle washington has today whi...

Extracted all the talent and wealth to one location. thats what you have today. >> sean: its not like they are producing products that people can buy. for example, traditional boom town, lets say its an oil town. all right. so, a lot of jobs associated. >> silicone valley. >> sean: silicone valley. gold rush if we want to go back a little further. you can literally pinpoint what they are doing. >> they are making peoples lives better. you have got cars. you have got beef in abilene, texas. washi...

None. they have too many cash buyers and they dont have to advertise? >> yeah. >> sean: what is the average price? is that a lamborghini dealer in? >> lamborghini and ferrari. maserati. you take your pick. these are cars that say $325,000. and they have cash buyers. you know, look, sean, we dont fault. >> sean: no shortage of them. >> thats exactly right. im not begrudging people but this is all connected -- >> -- right. >> sean: though this frankly corrupt. lets call it what it is corrupt econo...

Restaurant tourists open in this area because business is steady year around. >> washington, d.c. is a town that is unlike the other boom towns of americas past. in that the luxurious living thats afforded here doesnt come from its own creation of wealth. but it comes from extracting wealth from the rest of us. when other towns created automobiles or beef cattle for american consumption, it made them a boone -- boom town. the luxurious lifestyle washington has today which is comparable to beverl...

Their kids their biggest problem is i guess they are not buddying up to people. buying the right people the expensive bottle of wine and taking them out to dinner and wining and dining and say, listen, i need your help on this bill. >> yeah. >> sean: i need a provision here. can you help me out? >> yeah. >> sean: thats whats happening and they are all getting what they want. >> thats exactly right. if middle class americans could hire lobbyists, their lives would be better. its a severe subgame ...

Problem is i guess they are not buddying up to people. buying the right people the expensive bottle of wine and taking them out to dinner and wining and dining and say, listen, i need your help on this bill. >> yeah. >> sean: i need a provision here. can you help me out? >> yeah. >> sean: thats whats happening and they are all getting what they want. >> thats exactly right. if middle class americans could hire lobbyists, their lives would be better. its a severe subgame in washington, d.c. the s...

Extracted all the talent and wealth to one location. thats what you have today. >> sean: its not like they are producing products that people can buy. for example, traditional boom town, lets say its an oil town. all right. so, a lot of jobs associated. >> silicone valley. >> sean: silicone valley. gold rush if we want to go back a little further. you can literally pinpoint what they are doing. >> they are making peoples lives better. you have got cars. you have got beef in abilene, texas. washi...